In-Depth Examination Of 10 Analyst Recommendations For Cleanspark

10 analysts have expressed a variety of opinions on Cleanspark CLSK over the past quarter, offering a diverse set of opinions from bullish to bearish.

The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.

Analysts have recently evaluated Cleanspark and provided 12-month price targets. The average target is $22.25, accompanied by a high estimate of $27.00 and a low estimate of $12.50. This upward trend is apparent, with the current average reflecting a 19.82% increase from the previous average price target of $18.57.

Exploring Analyst Ratings: An In-Depth Overview

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: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Cleanspark. This offers insight into analysts' perspectives on the current state of the company.
• Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Cleanspark compared to the broader market.
• Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Cleanspark's stock. This examination reveals shifts 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.

All You Need to Know About Cleanspark

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.

Financial Milestones: Cleanspark's Journey

Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.

Revenue Growth: Cleanspark's remarkable performance in 3 months is evident. As of 31 March, 2024, the company achieved an impressive revenue growth rate of 162.77%. 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 net margin is impressive, surpassing industry averages. With a net margin of 110.82%, the company demonstrates strong profitability and effective cost management.

Return on Equity (ROE): Cleanspark's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 10.9%, the company showcases efficient use of equity capital and strong financial health.

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: Cleanspark's debt-to-equity ratio is below the industry average at 0.01, reflecting a lower dependency on debt financing and a more conservative financial approach.

How Are Analyst Ratings Determined?

Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.

Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.

If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.

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