CleanSpark (CLSK) Expected to Announce Quarterly Earnings on Thursday

CleanSpark (NASDAQ:CLSK - Get Free Report) is anticipated to release its Q1 2025 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. Persons interested in registering for the company's earnings conference call can do so using this link.

CleanSpark (NASDAQ:CLSK - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported ($0.07) earnings per share for the quarter, topping analysts' consensus estimates of ($0.11) by $0.04. 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 Price Performance

CLSK stock traded up $0.95 during trading hours on Friday, reaching $11.33. The stock had a trading volume of 57,494,342 shares, compared to its average volume of 24,524,328. The stock has a 50-day simple moving average of $11.33 and a 200 day simple moving average of $11.64. CleanSpark has a fifty-two week low of $8.04 and a fifty-two week high of $24.72. The stock has a market capitalization of $3.18 billion, a PE ratio of -19.53 and a beta of 4.24.

Analyst Ratings Changes

CLSK has been the subject of several recent analyst reports. HC Wainwright reiterated a "buy" rating and issued a $27.00 target price on shares of CleanSpark in a research note on Friday. Keefe, Bruyette & Woods assumed coverage on CleanSpark in a research report on Monday, January 27th. They issued an "outperform" rating and a $19.00 price objective for the company. Macquarie lifted their target price on CleanSpark from $20.00 to $24.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 4th. Finally, JPMorgan Chase & Co. upgraded CleanSpark from a "neutral" rating to an "overweight" rating and increased their price target for the company from $10.50 to $17.00 in a research note on Tuesday, December 10th. Seven research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $22.57.

About CleanSpark

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.