Cleanspark Inc

Cleanspark Inc Stock Forecast & Price Prediction

Live Cleanspark Inc Stock (CLSK) Price
$12.94

6

Ratings

  • Buy 6
  • Hold 0
  • Sell 0
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$12.94

P/E Ratio

80.00

Volume Traded Today

$27.7M

Dividend

$0.12

52 Week High/low

24.72/6.41

Cleanspark Inc Market Cap

$3.79B

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CLSK Summary

The Cleanspark Inc (CLSK) share price is expected to increase by 84.18% over the next year. This is based on calculating the average 12-month share price estimate provided by 6 stock analysts who have covered CLSK. Price targets range from $17 at the low end to $30 at the high end. The current analyst consensus for CLSK is a buy. Please note analyst price targets are not guaranteed and could be missed completely.

CLSK Analyst Ratings

About 6 Wall Street analysts have assignedCLSK 6 buy ratings, 0 hold ratings, and 0 sell ratings. This means that analysts expect Cleanspark Inc to buy. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on CLSK. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.

CLSK stock forecast by analyst

These are the latest 20 analyst ratings of CLSK.

Analyst/Firm

Rating

Price Target

Change

Date

Reginald Smith
JP Morgan

Overweight

$17

Upgrade

Dec 10, 2024
Paul Golding
Macquarie

Outperform

$24

Maintains

Dec 4, 2024
Mike Colonnese
HC Wainwright & Co.

Buy

$27

Reiterates

Dec 3, 2024
Brett Knoblauch
Cantor Fitzgerald

Overweight

$23

Reiterates

Oct 3, 2024
Paul Golding
Macquarie

Outperform

$20

Initiates

Sep 25, 2024
Mike Colonnese
HC Wainwright & Co.

Buy

$27

Reiterates

Sep 25, 2024
Mike Colonnese
HC Wainwright & Co.

Buy

$27

Reiterates

Sep 11, 2024
Brett Knoblauch
Cantor Fitzgerald

Overweight

$23

Reiterates

Sep 3, 2024
Reginald Smith
JP Morgan

Neutral

$10.5

Maintains

Aug 23, 2024
Mike Colonnese
HC Wainwright & Co.

Buy

$27

Reiterates

Aug 12, 2024
Brett Knoblauch
Cantor Fitzgerald

Overweight

$23

Maintains

Aug 12, 2024
Brett Knoblauch
Cantor Fitzgerald

Overweight

$28

Maintains

Jul 3, 2024
Mike Colonnese
HC Wainwright & Co.

Buy

$27

Reiterates

Jun 28, 2024
Mike Colonnese
HC Wainwright & Co.

Buy

$27

Reiterates

Jun 18, 2024
Brett Knoblauch
Cantor Fitzgerald

Overweight

$27

Assumes

Jun 11, 2024
Reginald Smith
JP Morgan

Neutral

$12.5

Maintains

Jun 4, 2024
Brian Dobson
Chardan Capital

Buy

$26

Maintains

May 13, 2024
Mike Colonnese
HC Wainwright & Co.

Buy

$27

Reiterates

May 10, 2024
Brian Dobson
Chardan Capital

Buy

$26

Maintains

May 7, 2024
Mike Colonnese
HC Wainwright & Co.

Buy

$27

Reiterates

Apr 15, 2024

CLSK Company Information

What They Do: Operates as a bitcoin miner using low-carbon power.

Business Model: The company generates revenue by mining Bitcoin through its data centers, which are powered by low-carbon energy sources. This sustainable approach not only reduces operational costs but also aligns with increasing environmental regulations and consumer preferences for green energy.

Other Information: CleanSpark, Inc. was formerly known as Stratean Inc. and rebranded in November 2016. Established in 1987, it is headquartered in Henderson, Nevada, positioning itself strategically in the growing cryptocurrency market.
CLSK
Cleanspark Inc (CLSK)

When did it IPO

2013

Staff Count

130

Country

United States

Sector/Industry

Financial Services/Capital Markets

CEO

Mr. Zachary K. Bradford CPA

Market Cap

$3.79B

Cleanspark Inc (CLSK) Financial Data

In 2023, CLSK generated $169.8M in revenue, which was a increase of 26.60% from the previous year. This can be seen as a signal that CLSK's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.

Revenue From 2020

$10.0M

Revenue From 2021

$39.3M

291.75 %
From Previous Year

Revenue From 2022

$134.1M

241.31 %
From Previous Year

Revenue From 2023

$169.8M

26.60 %
From Previous Year
  • Revenue TTM $342.2M
  • Operating Margin TTM -57.5%
  • Gross profit TTM $139.4M
  • Return on assets TTM 2.2%
  • Return on equity TTM -15.3%
  • Profit Margin -46.3%
  • Book Value Per Share 5.95%
  • Market capitalisation $3.79B
  • Revenue for 2021 $39.3M
  • Revenue for 2022 $134.1M
  • Revenue for 2023 $169.8M
  • EPS this year (TTM) $-0.69

Cleanspark Inc (CLSK) Latest News

News Image

Thu, 05 Dec 2024

Sentiment - POSITIVE

Source - Investors Business Daily

Summary - Bitcoin has surpassed $100,000, driven by Donald Trump's SEC nominee announcement and comments from Fed Chair Jerome Powell, leading to a rally in cryptocurrencies.

Why It Matters - Bitcoin surpassing $100,000 signals growing market confidence and potential regulatory shifts, influencing cryptocurrency valuations and attracting institutional interest.

News Image

Tue, 03 Dec 2024

Sentiment - POSITIVE

Source - Benzinga

Summary - CleanSpark Inc (CLSK) shares declined on Tuesday despite the company posting positive fourth-quarter results.

Why It Matters - The decline in CleanSpark's shares despite positive earnings may indicate investor skepticism about future growth or broader market concerns, potentially affecting overall sentiment and stock performance.

News Image

Tue, 03 Dec 2024

Sentiment - NEUTRAL

Source - MarketBeat

Summary - MicroStrategy Inc. (NASDAQ: MSTR) saw a surge in stock value due to its Bitcoin holdings, but market enthusiasm faced challenges amid changing conditions.

Why It Matters - The shift from euphoria to reality regarding MicroStrategy's Bitcoin holdings signals potential volatility in tech stocks and cryptocurrency, impacting investor sentiment and market strategies.

News Image

Mon, 02 Dec 2024

Sentiment - NEUTRAL

Source - Seeking Alpha

Summary - CleanSpark, Inc. (NASDAQ: CLSK) will hold its Q4 2024 earnings conference call on December 2, 2024, at 4:30 PM ET, featuring key executives and analysts from various firms.

Why It Matters - CleanSpark's Q4 2024 earnings call may reveal insights into financial performance and future guidance, impacting stock valuation and investor sentiment.

News Image

Tue, 03 Dec 2024

Sentiment - POSITIVE

Source - Seeking Alpha

Summary - CleanSpark (CLSK) stock is up 68% since October, despite a 6% pre-market drop post-Q4 results. High short interest (19%) may lead to volatility, but growth potential remains strong.

Why It Matters - CleanSpark's strong stock performance, attractive valuation, and significant Bitcoin holdings indicate potential for growth, while high short interest suggests possible volatility and quick gains.

News Image

Mon, 02 Dec 2024

Sentiment - NEUTRAL

Source - PRNewsWire

Summary - CleanSpark, Inc. reported a 125% year-over-year revenue growth and a current hashrate exceeding 33.5 EH/s, aiming for 37 EH/s, highlighting strong performance in the Bitcoin mining sector.

Why It Matters - Revenue growth of 125% and increasing hashrate indicate strong operational performance, positioning CleanSpark favorably for future market opportunities and potential profitability in a bull market.

...

CLSK Frequently asked questions

The highest forecasted price for CLSK is $30 from at .

The lowest forecasted price for CLSK is $17 from Reginald Smith from JP Morgan

The CLSK analyst ratings consensus are 6 buy ratings, 0 hold ratings, and 0 sell ratings.