In the preceding three months, 11 analysts have released ratings for Cleanspark CLSK, presenting a wide array of perspectives from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 8 | 2 | 1 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 2 | 0 | 1 | 0 | 0 |
| 2M Ago | 2 | 2 | 0 | 0 | 0 |
| 3M Ago | 3 | 0 | 0 | 0 | 0 |
Analysts have recently evaluated Cleanspark and provided 12-month price targets. The average target is $23.91, accompanied by a high estimate of $27.00 and a low estimate of $15.00. Witnessing a positive shift, the current average has risen by 47.14% from the previous average price target of $16.25.
Understanding Analyst Ratings: A Comprehensive Breakdown
The standing of Cleanspark among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below 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 | - |
| Brian Dobson | Chardan Capital | Maintains | Buy | $26.00 | $26.00 |
| Mike Colonnese | HC Wainwright & Co. | Maintains | Buy | $27.00 | - |
| Reginald Smith | JP Morgan | Raises | Neutral | $15.00 | $14.00 |
| Josh Siegler | Cantor Fitzgerald | Maintains | Overweight | $20.00 | - |
| Josh Siegler | Cantor Fitzgerald | Raises | Overweight | $20.00 | $10.00 |
| 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 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Cleanspark. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Cleanspark compared to the broader market.
- Price Targets: Gaining insights, analysts provide estimates for the future value of Cleanspark's stock. This comparison reveals trends in analysts' expectations over time.
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Cleanspark's market standing. Stay informed and make data-driven decisions with our Ratings Table.
Stay up to date on Cleanspark analyst ratings.
Delving into Cleanspark's Background
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.
Breaking Down Cleanspark's Financial Performance
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Cleanspark's remarkable performance in 3 months is evident. As of 31 December, 2023, the company achieved an impressive revenue growth rate of 170.26%. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Information Technology sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Cleanspark's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 34.33%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Cleanspark's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 3.41% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Cleanspark's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 3.12%, the company showcases efficient use of assets and strong financial health.
Debt Management: With a below-average debt-to-equity ratio of 0.02, Cleanspark adopts a prudent financial strategy, indicating a balanced approach to debt management.
What Are Analyst Ratings?
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.
Comments
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
