CleanSpark (CLSK) Expected to Announce Quarterly Earnings on Thursday

CleanSpark (NASDAQ:CLSK - Get Free Report) is anticipated to issue its quarterly earnings data after the market closes on Thursday, February 6th. Analysts expect the company to announce earnings of ($0.11) per share and revenue of $125.54 million for the quarter.

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

CleanSpark Trading Down 4.8 %

CLSK traded down $0.53 during trading hours on Friday, hitting $10.44. 18,720,353 shares of the company's stock were exchanged, compared to its average volume of 21,523,052. CleanSpark has a 12-month low of $7.64 and a 12-month high of $24.72. The firm has a market cap of $2.93 billion, a P/E ratio of -18.00 and a beta of 4.26. The firm has a 50 day moving average of $11.60 and a 200 day moving average of $11.75.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CLSK shares. Keefe, Bruyette & Woods began coverage on CleanSpark in a report on Monday, January 27th. They issued an "outperform" rating and a $19.00 target price for the company. JPMorgan Chase & Co. raised shares of CleanSpark from a "neutral" rating to an "overweight" rating and raised their target price for the company from $10.50 to $17.00 in a report on Tuesday, December 10th. HC Wainwright reissued a "buy" rating and issued a $27.00 price objective on shares of CleanSpark in a research report on Tuesday, January 28th. Finally, Macquarie raised their price objective on shares of CleanSpark from $20.00 to $24.00 and gave the company an "outperform" rating in a report on Wednesday, December 4th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat, CleanSpark presently has a consensus rating of "Buy" and an average price target 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.