From a technical perspective, CleanSpark (CLSK) is looking like an interesting pick, as it just reached a key level of support. CLSK recently overtook the 50-day moving average, and this suggests a short-term bullish trend.
CleanSpark's Q1 results reinforce the bull case, with strong revenue, low mining costs, and improving efficiency, justifying a Strong Buy rating despite recent stock volatility. The company is scaling efficiently, achieving 40 EH/s ahead of schedule, aiming for 50 EH/s by Q2, and maintaining a robust balance sheet. CleanSpark's strategy of mining and holding Bitcoin offers dual paths to capital appreciation, but risks include rising mining difficulty and Bitcoin price volatility.
CleanSpark, Inc. (NASDAQ:CLSK ) Q1 2025 Earnings Conference Call February 6, 2025 4:30 PM ET Company Participants Barbara Domingo - IR Zach Bradford - CEO Gary Vecchiarelli - CFO Conference Call Participants Mike Colonnese - H.C. Wainwright Brian Dobson - Clear Street Brett Knoblauch - Cantor Fitzgerald Tyler DiMatteo - BTIG Stephen Glagola - JonesTrading Bill Papanastasiou - KBW Greg Lewis - BTIG Operator Good afternoon.
H.C. Wainwright analyst Mike Colonnese reiterated the Buy rating on CleanSpark, Inc. CLSK, with a price forecast of $27.
The average of price targets set by Wall Street analysts indicates a potential upside of 125.7% in CleanSpark (CLSK). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
CleanSpark (CLSK) came out with a quarterly loss of $0.07 per share versus the Zacks Consensus Estimate of a loss of $0.08. This compares to loss of $0.02 per share a year ago.
CleanSpark (CLSK) closed at $10.59 in the latest trading session, marking a +1.44% move from the prior day.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
CleanSpark (CLSK) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
In the latest trading session, CleanSpark (CLSK) closed at $11.14, marking a +1.64% move from the previous day.
CLSK's expansions and Bitcoin mining success drive its stock price, but market volatility and valuation concerns pose headwinds.
Many renewable energy stocks were crushed over the past few years as inflation, rising interest rates, and other macro headwinds caused many government agencies and companies to curb their spending on big green energy projects. However, as the macro environment stabilizes, some of those stocks could soar higher.