Cleanspark CLSK has been analyzed by 10 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 6 | 2 | 2 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 1 | 1 | 1 | 0 | 0 |
| 2M Ago | 3 | 0 | 0 | 0 | 0 |
| 3M Ago | 1 | 1 | 1 | 0 | 0 |
Insights from analysts' 12-month price targets are revealed, presenting an average target of $23.45, a high estimate of $27.00, and a low estimate of $12.50. This current average reflects an increase of 3.08% from the previous average price target of $22.75.
Understanding Analyst Ratings: A Comprehensive Breakdown
The perception of Cleanspark by financial experts is analyzed through recent analyst actions. The following summary presents 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 |
| Mike Colonnese | HC Wainwright & Co. | Maintains | Buy | $27.00 | $27.00 |
| Brett Knoblauch | Cantor Fitzgerald | Raises | Overweight | $27.00 | $20.00 |
| Reginald Smith | JP Morgan | Lowers | Neutral | $12.50 | $15.00 |
| Brian Dobson | Chardan Capital | Maintains | Buy | $26.00 | $26.00 |
| Mike Colonnese | HC Wainwright & Co. | Maintains | Buy | $27.00 | $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 | - |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Cleanspark. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, 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.
To gain a panoramic view of Cleanspark's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using 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.
Key Indicators: Cleanspark's Financial Health
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
Revenue Growth: Cleanspark displayed positive results in 3 months. As of 31 March, 2024, the company achieved a solid revenue growth rate of approximately 162.77%. This indicates a notable increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Information Technology sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 110.82%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Cleanspark's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 10.9% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Cleanspark's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 10.32% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: With a below-average debt-to-equity ratio of 0.01, Cleanspark adopts a prudent financial strategy, indicating a balanced approach to debt management.
Understanding the Relevance of 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.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
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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