1/16/2024 0 Comments Cleanspark buy or sellAll content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2019 and/or its affiliates. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. Factset: FactSet Research Systems Inc.2019. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. We have analyst estimates for CleanSpark going out as far as 2023, and you can see them free on our platform here.Most stock quote data provided by BATS. The consensus price target fell measurably, with the analysts seemingly not reassured by the latest results, leading to a lower estimate of CleanSpark's future valuation.įollowing on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. Pleasantly, they also upgraded their revenue estimates, and their forecasts suggest the business is expected to grow faster than the wider industry. The biggest concern is that the analysts reduced their earnings per share estimates, suggesting business headwinds could lay ahead for CleanSpark. The company has an average price target of 47.50. CLSK has an average analyst recommendation of Strong Buy. During this period of time, the stock fell as low as 12.90 and as high as 18.05. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect CleanSpark to grow faster than the wider industry. CleanSpark Inc has fallen 16.79 over the past month, closing at 16.84 on June 28. Compare this with other companies in the same industry, which are forecast to grow their revenue 14% annually. The analysts are definitely expecting CleanSpark's growth to accelerate, with the forecast 4x annualised growth to the end of 2022 ranking favourably alongside historical growth of 77% per annum over the past five years. 4.41 USD +0.53 (13.66) Updated 04:00 PM ET After-Market: 4.40 -0.01 (-0.23) 7:58 PM ET Add to portfolio Zacks Rank: 2-Buy 2 Style Scores: C Value B Growth D Momentum C VGM. The consensus price target fell 11% to US$42.50, suggesting that the analysts are primarily focused on earnings as the driver of value for this business.Īnother way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. Although there was a a major to revenue, the consensus also made a minor downgrade to its earnings per share forecasts. Overall it looks as though the analysts were a bit mixed on the latest results. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$191.5m and earnings per share (EPS) of US$2.50 in 2022. CLSK ShareholdersWhat type of owners hold Cleanspark Inc stock. Be the first to know when CLSK insiders and whales buy or sell their stock. Name Role Date Shares Price Value Zachary Bradford: CEO and President: : 252,088: 2.38: 599. Earnings are expected to improve, with CleanSpark forecast to report a statutory profit of US$2.44 per share. Have Cleanspark Inc insiders been buying or selling Buy. Taking into account the latest results, the most recent consensus for CleanSpark from dual analysts is for revenues of US$198.4m in 2022 which, if met, would be a major 718% increase on its sales over the past 12 months. NasdaqCM:CLSK Earnings and Revenue Growth August 19th 2021 We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year. Trading Information Last Close 6.62 Sector Financial Services Industry Capital Markets Investment Style Small Blend Day Range 6.33 6.85 Year Range 1.74 6.85 Market Cap 745.9891 Mil Volume / Avg. Buy, sell, or hold Trading on 19 times expected earnings for 2023, Johnson Controls looks like a decent value for a company with solid long-term growth prospects. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. Unsurprisingly, the statutory profit the analysts had been forecasting evaporated, turning into a loss of US$0.49 per share. It was a pretty bad result overall, with revenues coming in 22% lower than the analysts predicted. (NASDAQ:CLSK) shares in the week since its quarterly report, with the stock down 20% to US$11.93. There's been a notable change in appetite for CleanSpark, Inc.
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