Throughout the last three months, 6 analysts have evaluated Cleanspark CLSK, offering a diverse set of opinions from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 6 | 0 | 0 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 4 | 0 | 0 | 0 | 0 |
| 2M Ago | 1 | 0 | 0 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for Cleanspark, presenting an average target of $23.67, a high estimate of $27.00, and a low estimate of $14.00. Surpassing the previous average price target of $16.00, the current average has increased by 47.94%.
Deciphering Analyst Ratings: An In-Depth Analysis
An in-depth analysis of recent analyst actions unveils how financial experts perceive Cleanspark. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Mike Colonnese | HC Wainwright & Co. | Maintains | Buy | $27.00 | $27.00 |
| Gregory Lewis | BTIG | Raises | Buy | $22.00 | $12.00 |
| Brian Dobson | Chardan Capital | Raises | Buy | $26.00 | $13.00 |
| Brian Dobson | Chardan Capital | Raises | Buy | $26.00 | $13.00 |
| Mike Colonnese | HC Wainwright & Co. | Raises | Buy | $27.00 | $15.00 |
| Mike Colonnese | HC Wainwright & Co. | Maintains | Buy | $14.00 | - |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Cleanspark. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Cleanspark compared to the broader market.
- Price Targets: Analysts predict movements in price targets, offering estimates for Cleanspark's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Cleanspark's market position. Stay informed and make well-informed decisions with our Ratings Table.
Stay up to date on Cleanspark analyst ratings.
Get to Know Cleanspark Better
Cleanspark Inc is a bitcoin mining company. Through CleanSpark, Inc., and the Company's wholly owned subsidiaries, the company mines bitcoin. The company entered the bitcoin mining industry through its acquisition of ATL. Bitcoin mining is the sole reportable segment of the company.
Cleanspark: A Financial Overview
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Revenue Growth: Cleanspark's revenue growth over a period of 3 months has been noteworthy. As of 31 December, 2023, the company achieved a revenue growth rate of approximately 170.26%. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Information Technology sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 34.33%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Cleanspark's ROE stands out, surpassing industry averages. With an impressive ROE of 3.41%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 3.12%, the company showcases effective utilization of assets.
Debt Management: Cleanspark's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.02.
Analyst Ratings: What Are They?
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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