NASDAQ:CLSK

CleanSpark (CLSK) Stock Price, News & Analysis

$19.78
-0.95 (-4.58%)
(As of 04/24/2024 ET)
Today's Range
$19.21
$21.39
50-Day Range
$14.48
$23.40
52-Week Range
$3.33
$24.72
Volume
34.88 million shs
Average Volume
30.87 million shs
Market Capitalization
$3.92 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$19.22

CleanSpark MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.83 Rating Score
Upside/​Downside
2.8% Downside
$19.22 Price Target
Short Interest
Bearish
13.26% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.65mentions of CleanSpark in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$24.96 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.30) to $1.75 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.99 out of 5 stars

Finance Sector

800th out of 854 stocks

Nondepository Credit Institutions Industry

40th out of 45 stocks

CLSK stock logo

About CleanSpark Stock (NASDAQ:CLSK)

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. CleanSpark, Inc. was incorporated in 1987 and is headquartered in Henderson, Nevada.

CLSK Stock Price History

CLSK Stock News Headlines

Checking in with 5 Bitcoin Stocks Ahead of Bitcoin's Halving (CLSK)
The crypto market has experienced a significant pullback, with Bitcoin's price dropping 10% over five days and 3.5% in the last month, ahead of its halving.
top AI stock (it’s not MSFT, GOOGL, AMZN or AAPL)
AI was by far the biggest tech investing trend right now. But Ross Givens says the #1 artificial intelligence stock[/lin] is NOT Microsoft, Google, Amazon or Apple. Nope — his research is pointing to a tiny, under-the-radar stock that’s trading for just a few dollars right now… And could soon shoot to the moon, handing early investors a windfall.
3 Blockchain Stocks to Buy Now: Q2 Edition
top AI stock (it’s not MSFT, GOOGL, AMZN or AAPL)
AI was by far the biggest tech investing trend right now. But Ross Givens says the #1 artificial intelligence stock[/lin] is NOT Microsoft, Google, Amazon or Apple. Nope — his research is pointing to a tiny, under-the-radar stock that’s trading for just a few dollars right now… And could soon shoot to the moon, handing early investors a windfall.
CleanSpark (NASDAQ:CLSK) Shares Gap Up to $16.23
CLSK Factor-Based Stock Analysis
CleanSpark, Inc. (CLSK)
CleanSpark's (CLSK) "Buy" Rating Reaffirmed at HC Wainwright
Decoding 10 Analyst Evaluations For Cleanspark
See More Headlines
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Company Calendar

Last Earnings
2/08/2024
Today
4/24/2024
Next Earnings (Estimated)
5/08/2024
Fiscal Year End
9/30/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Nondepository credit institutions
Sub-Industry
N/A
Current Symbol
NASDAQ:CLSK
Fax
N/A
Employees
130
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$19.22
High Stock Price Target
$27.00
Low Stock Price Target
$5.30
Potential Upside/Downside
-2.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.83
Research Coverage
6 Analysts

Profitability

Net Income
$-136,590,000.00
Pretax Margin
-34.29%

Debt

Sales & Book Value

Annual Sales
$168.41 million
Book Value
$4.23 per share

Miscellaneous

Free Float
191,212,000
Market Cap
$3.92 billion
Optionable
Optionable
Beta
4.27
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CLSK Stock Analysis - Frequently Asked Questions

Should I buy or sell CleanSpark stock right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for CleanSpark in the last year. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CLSK shares.
View CLSK analyst ratings
or view top-rated stocks.

What is CleanSpark's stock price target for 2024?

6 Wall Street analysts have issued 1-year target prices for CleanSpark's shares. Their CLSK share price targets range from $5.30 to $27.00. On average, they expect the company's share price to reach $19.22 in the next twelve months. This suggests that the stock has a possible downside of 2.8%.
View analysts price targets for CLSK
or view top-rated stocks among Wall Street analysts.

How have CLSK shares performed in 2024?

CleanSpark's stock was trading at $11.03 at the beginning of 2024. Since then, CLSK shares have increased by 79.3% and is now trading at $19.78.
View the best growth stocks for 2024 here
.

Are investors shorting CleanSpark?

CleanSpark saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 26,260,000 shares, an increase of 13.2% from the March 15th total of 23,200,000 shares. Based on an average trading volume of 35,850,000 shares, the days-to-cover ratio is presently 0.7 days.
View CleanSpark's Short Interest
.

When is CleanSpark's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our CLSK earnings forecast
.

How were CleanSpark's earnings last quarter?

CleanSpark, Inc. (NASDAQ:CLSK) released its quarterly earnings results on Thursday, February, 8th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.28) by $0.26. The company earned $73.79 million during the quarter, compared to analysts' expectations of $66.06 million. CleanSpark had a negative trailing twelve-month return on equity of 16.25% and a negative net margin of 38.09%.

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).

Who are CleanSpark's major shareholders?

CleanSpark's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include IMC Chicago LLC (0.00%), CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT (0.09%), Assenagon Asset Management S.A. (0.08%), Cambridge Investment Research Advisors Inc. (0.04%), Busey Bank (0.02%) and CAP Partners LLC (0.02%). Insiders that own company stock include Gary Anthony Vecchiarelli, Larry Mcneill, Roger Paul Beynon, S Matthew Schultz, Thomas Leigh Wood and Zachary Bradford.
View institutional ownership trends
.

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:CLSK) was last updated on 4/25/2024 by MarketBeat.com Staff

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