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 brokers have issued twelve-month price objectives for CleanSpark's stock. Their CLSK share price targets range from $5.30 to $27.00. On average, they anticipate the company's share price to reach $19.22 in the next twelve months. This suggests a possible upside of 18.4% from the stock's current price. 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 47.1% and is now trading at $16.23. 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 daily 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 data on Thursday, February, 8th. The company reported ($0.02) earnings per share for the quarter, beating analysts' consensus estimates of ($0.28) by $0.26. The business had revenue of $73.79 million for the quarter, compared to the consensus estimate of $66.06 million. CleanSpark had a negative net margin of 38.09% and a negative trailing twelve-month return on equity of 16.25%.

What ETFs hold CleanSpark's stock?

ETFs with the largest weight of CleanSpark (NASDAQ:CLSK) stock in their portfolio include Global X Blockchain ETF (BKCH) , Valkyrie Bitcoin Miners ETF (WGMI) , Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC) , iShares Blockchain and Tech ETF (IBLC) , VanEck Digital Transformation ETF (DAPP) , Schwab Crypto Thematic ETF (STCE) , VanEck Digital Assets Mining ETF (DAM) and Fidelity Crypto Industry and Digital Payments ETF (FDIG) .

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 many different institutional and retail investors. Top institutional investors include IMC Chicago LLC (0.00%), SteelPeak Wealth LLC (0.02%) and Banque Cantonale Vaudoise (0.00%). 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 .

NASDAQ:CLSK

CleanSpark (CLSK) Stock Price, News & Analysis

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Free CLSK Stock Alerts

$16.23

+1.31 (+8.78%)

(As of 04/18/2024 ET)

Compare

Today's Range: $14.78
▼
$17.15
50-Day Range: $10.50
▼
$23.40
52-Week Range: $3.33
▼
$24.72

Volume: 40.41 million shs
Average Volume: 34.76 million shs
Market Capitalization: $3.21 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $19.22

Get CleanSpark alerts:

CleanSpark MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.83 Rating Score
Upside/Downside: 18.4% Upside
$19.22 Price Target
Short Interest: Bearish
13.26% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.31
Based on 21 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.

1.59 out of 5 stars

Finance Sector

693rd out of 822 stocks

Nondepository Credit Institutions Industry

29th out of 43 stocks

3.4

Analyst's Opinion

Consensus Rating
CleanSpark has received a consensus rating of Moderate Buy. The company's average rating score is 2.83, and is based on 5 buy ratings, 1 hold rating, and no sell ratings.
Amount of Analyst Coverage
CleanSpark has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.0

Short Interest

Percentage of Shares Shorted
13.26% of the outstanding shares of CleanSpark have been sold short.
Short Interest Ratio / Days to Cover
CleanSpark has a short interest ratio ("days to cover") of 0.7, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in CleanSpark has recently increased by 13.19%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
CleanSpark does not currently pay a dividend.
Dividend Growth
CleanSpark does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CLSK.

1.8

News and Social Media Coverage

News Sentiment
CleanSpark has a news sentiment score of 0.31. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.57 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 21 news articles for CleanSpark this week, compared to 6 articles on an average week.
Search Interest
Only 118 people have searched for CLSK on MarketBeat in the last 30 days. This is a decrease of -31% compared to the previous 30 days.
MarketBeat Follows
Only 60 people have added CleanSpark to their MarketBeat watchlist in the last 30 days. This is a decrease of -8% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, CleanSpark insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $24,963,509.00 in company stock.
Percentage Held by Insiders
Only 3.46% of the stock of CleanSpark is held by insiders.
Percentage Held by Institutions
43.12% of the stock of CleanSpark is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for CleanSpark are expected to grow in the coming year, from ($0.30) to $1.75 per share.
Price to Book Value per Share Ratio
CleanSpark has a P/B Ratio of 3.84. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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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

30 days | 90 days | 365 days | Advanced Chart

CLSK Stock News Headlines

April 17, 2024 | marketbeat.com

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.

March 28, 2024 | insidertrades.com

S. Matthew Schultz Sells 367,000 Shares of CleanSpark, Inc. (NASDAQ:CLSK) Stock

April 19, 2024 | InvestorPlace (Ad)

Now Open: Crypto emergency update

During the event on Tuesday, April 23 at 10 am ET, I’ll be giving away the name and ticker symbol of crypto that could surge in price. I believe it will be the best performing crypto of 2024.

March 22, 2024 | insidertrades.com

Insider Selling: CleanSpark, Inc. (NASDAQ:CLSK) CEO Sells 443,000 Shares of Stock

March 21, 2024 | marketbeat.com

3 Stocks About to Join the Rate Cut Party

You can think of the S&P 500 and the NASDAQ 100 indexes as the sun that gets the rest of the stock market booming or busting. As these have been making all-time highs lately, you'll notice that not all stocks joined the party.

March 21, 2024 | marketbeat.com

3 Stocks About to Join the Rate Cut Party (CLSK)

Three stocks quickly become top picks for you to play catch-up to the rate cut rally that has been hitting the stock market lately, analysts love them

April 18, 2024 | finance.yahoo.com

CleanSpark, Inc. (CLSK)

April 17, 2024 | finance.yahoo.com

Buy Bitcoin Miners' Stocks Ahead of the Halving, Bernstein Says

April 19, 2024 | InvestorPlace (Ad)

Now Open: Crypto emergency update

During the event on Tuesday, April 23 at 10 am ET, I’ll be giving away the name and ticker symbol of crypto that could surge in price. I believe it will be the best performing crypto of 2024.

April 17, 2024 | msn.com

CleanSpark (CLSK) Price Target Increased by 19.05% to 25.50

April 17, 2024 | investorplace.com

A Major Upside Catalyst Is Just Around the Corner for CleanSpark (CLSK) Stock

April 17, 2024 | investorplace.com

A Major Upside Catalyst Is Just Around the Corner for CleanSpark (CLSK) Stock

April 17, 2024 | bloomberg.com

Bitcoin Miners Fall Even as CEOs Say They’re Ready for Halving

April 16, 2024 | americanbankingnews.com

CleanSpark's (CLSK) "Buy" Rating Reaffirmed at HC Wainwright

April 15, 2024 | msn.com

CleanSpark (CLSK) Stock Moves -1.08%: What You Should Know

April 15, 2024 | msn.com

CleanSpark Is Holding Up Better Than Other Bitcoin Mining Stocks Monday: What's Going On?

April 15, 2024 | msn.com

Leading Bitcoin mining CEOs upbeat as halving countdown begins

April 15, 2024 | markets.businessinsider.com

Decoding 10 Analyst Evaluations For Cleanspark

April 14, 2024 | americanbankingnews.com

CleanSpark (NASDAQ:CLSK) Shares Down 4.3%

April 12, 2024 | markets.businessinsider.com

Cleanspark Acquisition and Financial Strength Prompt ‘Buy’ Rating Ahead of Bitcoin Halving

April 12, 2024 | finance.yahoo.com

CleanSpark Exceeds 17 EH/s, Exercises and Upgrades Previously Announced Option for 100,000 Bitcoin Mining Machines

April 12, 2024 | prnewswire.com

CleanSpark Exceeds 17 EH/s, Exercises and Upgrades Previously Announced Option for 100,000 Bitcoin Mining Machines

April 11, 2024 | americanbankingnews.com

CleanSpark (NASDAQ:CLSK) PT Raised to $15.00

April 9, 2024 | investorplace.com

3 Must-Own Crypto Mining Stocks for Blockbuster Returns

April 8, 2024 | finance.yahoo.com

Painful week for retail investors invested in CleanSpark, Inc. (NASDAQ:CLSK) after 16% drop, institutions also suffered losses

April 7, 2024 | nasdaq.com

Validea Detailed Fundamental Analysis - CLSK

April 5, 2024 | msn.com

Bitcoin miners shift toward HODLing ahead of April halving - report

See More Headlines

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Company Calendar

Last Earnings: 2/08/2024
Today: 4/18/2024
Next Earnings (Estimated): 5/08/2024
Fiscal Year End: 9/30/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Finance
Industry: Nondepository credit institutions
Sub-Industry: N/A
Current Symbol: NASDAQ:CLSK
CUSIP: N/A
CIK: 827876
Web: www.cleanspark.com
Phone: (702) 941-8047
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: +18.4%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.83
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-136,590,000.00
Net Margins: -38.09%
Pretax Margin: -34.29%
Return on Equity: -16.25%
Return on Assets: -14.85%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 4.29
Quick Ratio: 4.27

Sales & Book Value

Annual Sales: $168.41 million
Price / Sales: 19.09
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $4.23 per share
Price / Book: 3.84

Miscellaneous

Outstanding Shares: 198,070,000
Free Float: 191,212,000
Market Cap: $3.21 billion
Optionable: Optionable
Beta: 4.27

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Key Executives

Mr. S. Matthew Schultz (Age 55)
Executive Chairman
Comp: $3.2M
Mr. Zachary K. Bradford (Age 38)
CEO, President & Director
Comp: $3.55M
Mr. Gary A. Vecchiarelli CPA (Age 46)
Chief Financial Officer
Comp: $849.23k
Mr. Bradley Audiss
Vice President of Operations
Isaac Holyoak
Chief Communications Officer
Ms. Natasha Betancourt
Chief of Staff
Mr. Scott Garrison
Senior Vice President of Growth
Mr. Taylor Monnig
Senior Vice President of Mining

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

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 brokers have issued twelve-month price objectives for CleanSpark's stock. Their CLSK share price targets range from $5.30 to $27.00. On average, they anticipate the company's share price to reach $19.22 in the next twelve months. This suggests a possible upside of 18.4% from the stock's current price.
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 47.1% and is now trading at $16.23.
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 daily 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 data on Thursday, February, 8th. The company reported ($0.02) earnings per share for the quarter, beating analysts' consensus estimates of ($0.28) by $0.26. The business had revenue of $73.79 million for the quarter, compared to the consensus estimate of $66.06 million. CleanSpark had a negative net margin of 38.09% and a negative trailing twelve-month return on equity of 16.25%.

What ETFs hold CleanSpark's stock?: ETFs with the largest weight of CleanSpark (NASDAQ:CLSK) stock in their portfolio include Global X Blockchain ETF (BKCH), Valkyrie Bitcoin Miners ETF (WGMI), Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC), iShares Blockchain and Tech ETF (IBLC), VanEck Digital Transformation ETF (DAPP), Schwab Crypto Thematic ETF (STCE), VanEck Digital Assets Mining ETF (DAM) and Fidelity Crypto Industry and Digital Payments ETF (FDIG).
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 many different institutional and retail investors. Top institutional investors include IMC Chicago LLC (0.00%), SteelPeak Wealth LLC (0.02%) and Banque Cantonale Vaudoise (0.00%). 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 4/19/2024 by MarketBeat.com Staff

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CleanSpark (CLSK) Stock Price, News & Analysis

CleanSpark MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About CleanSpark Stock (NASDAQ:CLSK)

CLSK Stock Price History

CLSK Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

CLSK Stock Analysis - Frequently Asked Questions

Overall MarketRank^™