CleanSpark (CLSK) to Release Earnings on Thursday

CleanSpark (NASDAQ:CLSK) will likely be releasing its earnings data after the market closes on Thursday, February 6th. Analysts expect CleanSpark to post earnings of ($0.11) per share and revenue of $125.54 million for the quarter.

CleanSpark (NASDAQ:CLSK) last issued its quarterly earnings data on Monday, December 2nd. The company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.02). CleanSpark had a negative return on equity of 2.36% and a negative net margin of 38.47%. On average, analysts expect CleanSpark to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

CleanSpark Trading Up 2.1 %

Shares of NASDAQ CLSK opened at $10.26 on Thursday. CleanSpark has a 12-month low of $7.64 and a 12-month high of $24.72. The stock’s fifty day simple moving average is $11.73 and its two-hundred day simple moving average is $11.92. The stock has a market capitalization of $3.00 billion, a PE ratio of -17.69 and a beta of 4.26.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CLSK. Keefe, Bruyette & Woods started coverage on CleanSpark in a report on Monday. They set an “outperform” rating and a $19.00 target price for the company. Cantor Fitzgerald restated an “overweight” rating and set a $23.00 price objective on shares of CleanSpark in a research note on Thursday, October 3rd. Macquarie increased their price objective on shares of CleanSpark from $20.00 to $24.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. HC Wainwright restated a “buy” rating and set a $27.00 target price on shares of CleanSpark in a research report on Tuesday. Finally, JPMorgan Chase & Co. raised CleanSpark from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $10.50 to $17.00 in a research report on Tuesday, December 10th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $22.57.

CleanSpark Company Profile

CleanSpark, Inc operates as a bitcoin miner in the Americas. It owns and operates data centers that primarily run on low-carbon power. Its infrastructure supports Bitcoin, a digital commodity and a tool for financial independence and inclusion. The company was formerly known as Stratean Inc and changed its name to CleanSpark, Inc in November 2016.