CleanSpark (CLSK) Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for CleanSpark in the last year. There are currently 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CLSK shares.
View CLSK analyst ratings or view top-rated stocks.

4 Wall Street research analysts have issued 1 year price targets for CleanSpark's shares. Their CLSK share price forecasts range from $10.00 to $14.00. On average, they predict the company's share price to reach $11.25 in the next twelve months. This suggests a possible upside of 196.8% from the stock's current price.
View analysts price targets for CLSK or view top-rated stocks among Wall Street analysts.

CleanSpark's stock was trading at $2.04 at the beginning of 2023. Since then, CLSK stock has increased by 85.8% and is now trading at $3.79.
View the best growth stocks for 2023 here.

CleanSpark saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 9,900,000 shares, an increase of 49.5% from the August 15th total of 6,620,000 shares. Based on an average daily volume of 11,120,000 shares, the days-to-cover ratio is presently 0.9 days.
View CleanSpark's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, December 13th 2023.
View our CLSK earnings forecast.

CleanSpark, Inc. (NASDAQ:CLSK) issued its earnings results on Wednesday, August, 9th. The company reported ($0.12) earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.07. The business had revenue of $45.52 million for the quarter, compared to analyst estimates of $46.20 million. CleanSpark had a negative trailing twelve-month return on equity of 21.78% and a negative net margin of 73.22%.

ETFs with the largest weight of CleanSpark (NASDAQ:CLSK) stock in their portfolio include Valkyrie Bitcoin Miners ETF (WGMI), iShares Blockchain and Tech ETF (IBLC), Bitwise Crypto Industry Innovators ETF (BITQ), VanEck Digital Assets Mining ETF (DAM), Fidelity Crypto Industry and Digital Payments ETF (FDIG), VanEck Digital Transformation ETF (DAPP), Grayscale Future of Finance ETF (GFOF) and Schwab Crypto Thematic ETF (STCE).

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).

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

CleanSpark's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.03%), State Street Corp (4.94%), Geode Capital Management LLC (1.99%), Renaissance Technologies LLC (1.96%), Van ECK Associates Corp (0.76%) and Stifel Financial Corp (0.76%). Insiders that own company stock include Gary Anthony Vecchiarelli, Larry Mcneill, Thomas Leigh Wood and Zachary Bradford.
View institutional ownership trends.

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.
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One share of CLSK stock can currently be purchased for approximately $3.79.

CleanSpark (NASDAQ:CLSK) has a market capitalization of $578.51 million and generates $131.52 million in revenue each year.

The company employs 121 workers across the globe.

CleanSpark's mailing address is 1185 S. 1800 W. SUITE 3, WOODS CROSS UT, 84087. The official website for the company is www.cleanspark.com. The company can be reached via phone at (702) 941-8047 or via email at brett@haydenir.com.