CleanSpark (CLSK) to Release Quarterly Earnings on Thursday

CleanSpark (NASDAQ:CLSK) is expected to be issuing its quarterly earnings data after the market closes on Thursday, February 6th. Analysts expect the company to announce earnings of ($0.11) per share and revenue of $125.54 million for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

CleanSpark (NASDAQ:CLSK) last released its quarterly earnings data on Monday, December 2nd. The company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($0.02). CleanSpark had a negative net margin of 38.47% and a negative return on equity of 2.36%. On average, analysts expect CleanSpark to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

CleanSpark Price Performance

NASDAQ CLSK opened at $10.59 on Tuesday. The firm has a market capitalization of $2.97 billion, a P/E ratio of -18.26 and a beta of 4.26. CleanSpark has a 1-year low of $7.64 and a 1-year high of $24.72. The business’s 50-day simple moving average is $11.60 and its 200-day simple moving average is $11.75.

Analyst Upgrades and Downgrades

Several research firms recently commented on CLSK. Macquarie boosted their price target on CleanSpark from $20.00 to $24.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. Keefe, Bruyette & Woods assumed coverage on CleanSpark in a report on Monday, January 27th. They set an “outperform” rating and a $19.00 price objective on the stock. HC Wainwright reiterated a “buy” rating and issued a $27.00 price target on shares of CleanSpark in a report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. upgraded CleanSpark from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $10.50 to $17.00 in a research note on Tuesday, December 10th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, CleanSpark currently has an average rating of “Buy” and a consensus target price of $22.57.

CleanSpark Company Profile

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.