Breaking Down Cleanspark: 4 Analysts Share Their Views

Throughout the last three months, 4 analysts have evaluated Cleanspark CLSK, offering a diverse set of opinions from bullish to bearish.

Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.

The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $23.75, a high estimate of $27.00, and a low estimate of $17.00. Surpassing the previous average price target of $21.12, the current average has increased by 12.45%.

Decoding Analyst Ratings: A Detailed Look

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.

Key Insights:

• Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response 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 gauge the dynamics of price targets, providing estimates for the future value of Cleanspark's stock. This comparison reveals trends in analysts' expectations over time.

For valuable insights into Cleanspark's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using 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.

Cleanspark's Economic Impact: An Analysis

Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.

Revenue Growth: Cleanspark displayed positive results in 3 months. As of 30 September, 2024, the company achieved a solid revenue growth rate of approximately 72.49%. This indicates a notable 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: Cleanspark's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of -69.65%, the company may face hurdles in effective cost management.

Return on Equity (ROE): Cleanspark's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of -3.93%, the company may encounter challenges in delivering satisfactory returns for shareholders.

Return on Assets (ROA): Cleanspark's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of -3.62%, the company may face hurdles in generating optimal returns from its assets.

Debt Management: Cleanspark's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.04.

What Are Analyst Ratings?

Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.

Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.