S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
What's in Democrats' big bill? Climate, health care, savings
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
What's in Democrats' big bill? Climate, health care, savings
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
What's in Democrats' big bill? Climate, health care, savings
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
What's in Democrats' big bill? Climate, health care, savings
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit
NASDAQ:CLSK

CleanSpark - CLSK Stock Forecast, Price & News

$4.66
+0.27 (+6.15%)
(As of 08/5/2022 08:48 PM ET)
Add
Compare
Today's Range
$4.39
$4.72
50-Day Range
$3.81
$5.89
52-Week Range
$3.75
$23.60
Volume
1.56 million shs
Average Volume
2.07 million shs
Market Capitalization
$192.41 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$9.33

CleanSpark MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
100.3% Upside
$9.33 Price Target
Short Interest
Healthy
17.03% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.26mentions of CleanSpark in the last 14 days
Based on 10 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Decreasing
From $0.53 to ($0.61) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.19 out of 5 stars

Business Services Sector

172nd out of 429 stocks

Computer Integrated Systems Design Industry

20th out of 45 stocks

CLSK stock logo

About CleanSpark (NASDAQ:CLSK) Stock

CleanSpark, Inc. provides bitcoin mining and energy technology solutions worldwide. It operates in two segments, Digital Currency Mining and Energy. The Digital Currency Mining segment engages in mining of bitcoin. The energy segment provides engineering, design and software, custom hardware, open automated demand response, solar, and energy storage solutions for microgrids and distributed energy systems to military, commercial, and residential customers; and develops platforms that enables designing, building, operating, and managing of energy assets. This segment also offers microgrid energy modeling, energy market communications, and energy management solutions comprising mPulse and mVoult, which are control platforms that enables integration and optimization of multiple energy sources; Canvas, a middleware for grid operators and aggregators to administrate load shifting programs; Plaid, a middleware for controls and Internet-of-Things products companies to participate in load shifting programs; and mVSO, an energy modeling software for internal microgrid design, as well as owns gasification energy technologies for various applications, such as feedstock for the generation of di-methyl ether. In addition, it provides design, software development, and other technology-based consulting services; data center services, including rack space, power, and equipment; and various cloud services, such as virtual, virtual storage, and data backup services. The company was formerly known as Stratean Inc. and changed its name to CleanSpark, Inc. in November 2016. CleanSpark, Inc. was incorporated in 1987 and is headquartered in Henderson, Nevada.

CleanSpark Stock Performance

CleanSpark stock traded up $0.27 during trading on Friday, reaching $4.66. 1,561,521 shares of the company's stock were exchanged, compared to its average volume of 2,049,852. The company's 50-day moving average is $4.61 and its two-hundred day moving average is $7.30. CleanSpark has a 52-week low of $3.75 and a 52-week high of $23.60. The firm has a market cap of $192.41 million, a price-to-earnings ratio of -16.07 and a beta of 4.42.

CleanSpark (NASDAQ:CLSK - Get Rating) last announced its quarterly earnings results on Tuesday, May 10th. The company reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.30 by ($0.25). The business had revenue of $41.64 million for the quarter, compared to analysts' expectations of $40.60 million. CleanSpark had a positive return on equity of 3.21% and a negative net margin of 6.34%. During the same period last year, the company posted $0.05 earnings per share. Analysts anticipate that CleanSpark will post 0.53 EPS for the current year.

Wall Street Analysts Forecast Growth

CLSK has been the subject of several research reports. HC Wainwright reissued a "buy" rating and set a $6.00 price objective on shares of CleanSpark in a research note on Tuesday, July 26th. BTIG Research lowered their price objective on shares of CleanSpark from $30.00 to $10.00 and set a "buy" rating for the company in a research note on Friday, June 3rd. Finally, Chardan Capital initiated coverage on shares of CleanSpark in a research note on Friday, June 3rd. They set a "buy" rating and a $12.00 price objective for the company.

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CLSK Stock News Headlines

CleanSpark (CLSK) Scheduled to Post Earnings on Tuesday
CleanSpark Announces July 2022 Bitcoin Mining Update
See More Headlines
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CLSK Company Calendar

Last Earnings
5/10/2022
Today
8/07/2022
Next Earnings (Confirmed)
8/09/2022
Fiscal Year End
9/30/2022

Industry, Sector and Symbol

Industry
Computer integrated systems design
Sub-Industry
N/A
Current Symbol
NASDAQ:CLSK
Fax
N/A
Employees
86
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$9.33
High Stock Price Forecast
$12.00
Low Stock Price Forecast
$6.00
Forecasted Upside/Downside
+100.3%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$-21,810,000.00
Pretax Margin
-6.34%

Debt

Sales & Book Value

Annual Sales
$49.44 million
Cash Flow
$0.18 per share
Book Value
$8.59 per share

Miscellaneous

Free Float
38,808,000
Market Cap
$192.41 million
Optionable
Not Optionable
Beta
4.42














CLSK Stock - Frequently Asked Questions

Should I buy or sell CleanSpark stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CleanSpark in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CleanSpark stock.
View analyst ratings for CleanSpark
or view top-rated stocks.

What is CleanSpark's stock price forecast for 2022?

3 Wall Street analysts have issued 12-month target prices for CleanSpark's shares. Their CLSK stock forecasts range from $6.00 to $12.00. On average, they expect CleanSpark's stock price to reach $9.33 in the next year. This suggests a possible upside of 100.3% from the stock's current price.
View analysts' price targets for CleanSpark
or view top-rated stocks among Wall Street analysts.

How has CleanSpark's stock performed in 2022?

CleanSpark's stock was trading at $9.52 at the start of the year. Since then, CLSK shares have decreased by 51.1% and is now trading at $4.66.
View the best growth stocks for 2022 here
.

Are investors shorting CleanSpark?

CleanSpark saw a decrease in short interest in July. As of July 15th, there was short interest totaling 7,030,000 shares, a decrease of 15.4% from the June 30th total of 8,310,000 shares. Based on an average trading volume of 1,810,000 shares, the short-interest ratio is presently 3.9 days.
View CleanSpark's Short Interest
.

When is CleanSpark's next earnings date?

CleanSpark is scheduled to release its next quarterly earnings announcement on Tuesday, August 9th 2022.
View our earnings forecast for CleanSpark
.

How can I listen to CleanSpark's earnings call?

CleanSpark will be holding an earnings conference call on Tuesday, August 9th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link.

How were CleanSpark's earnings last quarter?

CleanSpark, Inc. (NASDAQ:CLSK) released its quarterly earnings data on Tuesday, May, 10th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.30 by $0.25. The firm had revenue of $41.64 million for the quarter, compared to analyst estimates of $40.60 million. CleanSpark had a positive trailing twelve-month return on equity of 3.21% and a negative net margin of 6.34%. During the same quarter last year, the company earned $0.05 earnings per share.

What other stocks do shareholders of CleanSpark own?

Based on aggregate information from My MarketBeat watchlists, some companies that other CleanSpark investors own include Sorrento Therapeutics (SRNE), NIO (NIO), Marvell Technology (MRVL), Workhorse Group (WKHS), Alibaba Group (BABA), Bionano Genomics (BNGO), Citius Pharmaceuticals (CTXR), Tesla (TSLA), Advanced Micro Devices (AMD) and Boeing (BA).

What is CleanSpark's stock symbol?

CleanSpark trades on the NASDAQ under the ticker symbol "CLSK."

Who are CleanSpark's major shareholders?

CleanSpark's stock is owned by a variety of retail and institutional investors. Top institutional investors include Mirae Asset Global Investments Co. Ltd. (1.46%), Van ECK Associates Corp (0.84%), Exchange Traded Concepts LLC (0.53%), Empowered Funds LLC (0.27%), SG Americas Securities LLC (0.08%) and Mitsubishi UFJ Kokusai Asset Management Co. Ltd. (0.08%). Company insiders that own CleanSpark stock include Gary Anthony Vecchiarelli, Larry Mcneill, Thomas Leigh Wood and Zachary Bradford.
View institutional ownership trends for CleanSpark
.

How do I buy shares of CleanSpark?

Shares of CLSK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is CleanSpark's stock price today?

One share of CLSK stock can currently be purchased for approximately $4.66.

How much money does CleanSpark make?

CleanSpark (NASDAQ:CLSK) has a market capitalization of $192.41 million and generates $49.44 million in revenue each year. The company earns $-21,810,000.00 in net income (profit) each year or ($0.29) on an earnings per share basis.

How many employees does CleanSpark have?

CleanSpark employs 86 workers across the globe.

How can I contact CleanSpark?

CleanSpark's mailing address is 1185 S. 1800 W. SUITE 3, WOODS CROSS UT, 84087. The official website for CleanSpark is www.cleanspark.com. The company can be reached via phone at (801) 244-4405 or via email at brett@haydenir.com.

This page (NASDAQ:CLSK) was last updated on 8/8/2022 by MarketBeat.com Staff

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