The Analyst Verdict: Cleanspark In The Eyes Of 5 Experts

Analysts' ratings for Cleanspark CLSK over the last quarter vary from bullish to bearish, as provided by 5 analysts.

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

Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $14.6, a high estimate of $27.00, and a low estimate of $10.00. Marking an increase of 16.8%, the current average surpasses the previous average price target of $12.50.

Analyzing Analyst Ratings: A Detailed Breakdown

A clear picture of Cleanspark's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

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: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect 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.

Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Cleanspark's market standing. Stay informed and make well-considered 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 Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.

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 is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 3.41%, the company may encounter challenges in delivering satisfactory returns for shareholders.

Return on Assets (ROA): Cleanspark's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 3.12% ROA, the company effectively utilizes its assets for optimal returns.

Debt Management: Cleanspark's debt-to-equity ratio is below the industry average. With a ratio of 0.02, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.

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 also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.

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