CleanSpark (CLSK) Expected to Announce Earnings on Thursday

CleanSpark (NASDAQ:CLSK - Get Free Report) is anticipated to announce its Q2 2025 earnings results before the market opens on Thursday, May 8th. Analysts expect the company to announce earnings of $0.02 per share and revenue of $196.43 million for the quarter.

CleanSpark (NASDAQ:CLSK - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.04. CleanSpark had a net margin of 16.07% and a negative return on equity of 2.61%. On average, analysts expect CleanSpark to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

CleanSpark Trading Up 1.6 %

Shares of CleanSpark stock traded up $0.14 during trading on Friday, hitting $8.81. The stock had a trading volume of 22,474,773 shares, compared to its average volume of 28,280,568. The firm has a market cap of $2.47 billion, a price-to-earnings ratio of 80.10 and a beta of 4.12. CleanSpark has a 12 month low of $6.45 and a 12 month high of $20.64. The business's 50-day moving average is $7.90 and its 200 day moving average is $10.42.

Insiders Place Their Bets

In other news, CEO Zachary Bradford sold 10,533 shares of CleanSpark stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $10.64, for a total value of $112,071.12. Following the transaction, the chief executive officer now owns 3,059,326 shares in the company, valued at approximately $32,551,228.64. The trade was a 0.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman S. Matthew Schultz sold 9,010 shares of the stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $10.64, for a total value of $95,866.40. Following the sale, the chairman now owns 2,450,010 shares of the company's stock, valued at $26,068,106.40. This represents a 0.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 34,836 shares of company stock valued at $335,945 over the last three months. Insiders own 2.65% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on CLSK shares. Needham & Company LLC initiated coverage on CleanSpark in a research report on Wednesday, February 12th. They set a "buy" rating and a $20.00 price target for the company. HC Wainwright reissued a "buy" rating and issued a $27.00 price target on shares of CleanSpark in a research note on Friday, February 7th. Chardan Capital upgraded shares of CleanSpark to a "strong-buy" rating in a research report on Tuesday. Keefe, Bruyette & Woods assumed coverage on shares of CleanSpark in a research report on Monday, January 27th. They issued an "outperform" rating and a $19.00 target price for the company. Finally, JPMorgan Chase & Co. lowered their price target on CleanSpark from $17.00 to $12.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, CleanSpark presently has an average rating of "Buy" and a consensus price target of $21.57.

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.