There is little time left for Cleanspark Inc (CLSK) to reach its 1-year target estimate. How soon will it surpass it?

The stock of Cleanspark Inc (NASDAQ:CLSK) last traded at $3.81, up 1.87% from the previous session.

Data from the available sources indicates that Cleanspark Inc (NASDAQ:CLSK) is covered by 6 analysts. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $14.00 and a low of $5.30, we find $10.00. Given the previous closing price of $3.74, this indicates a potential upside of 167.38 percent. CLSK stock price is now -6.81% away from the 50-day moving average and -8.12% away from the 200-day moving average. The market capitalization of the company currently stands at $581.56M.

In total, 0 analysts have assigned it a hold rating, and 5 have given it a buy rating. Brokers who have rated the stock have averaged $9.97 as their price target over the next twelve months.

With the price target of $5.30, Bernstein recently initiated with Outperform rating for Cleanspark Inc (NASDAQ: CLSK).

In other news, Vecchiarelli Gary Anthony, Chief Financial Officer bought 19,400 shares of the company’s stock on Dec 16. The stock was bought for $34,532 at an average price of $1.78. Upon completion of the transaction, the Chief Financial Officer now directly owns 147,157 shares in the company, valued at $0.56 million. Insiders disposed of 1,464,502 shares of company stock worth roughly $5.58 million over the past 1 year. A total of 4.94% of the company’s stock is owned by insiders.

With an opening price of $3.6900 on Monday morning, Cleanspark Inc (NASDAQ: CLSK) set off the trading day. During the past 12 months, Cleanspark Inc has had a low of $1.74 and a high of $7.60. As of last week, the company has a debt-to-equity ratio of 0.03, a current ratio of 1.41, and a quick ratio of 1.38. The fifty day moving average price for CLSK is $4.0883 and a two-hundred day moving average price translates $4.1468 for the stock.

The latest earnings results from Cleanspark Inc (NASDAQ: CLSK) was released for Jun, 2023. According to the Capital Markets Company, earnings per share came in at $0, beating analysts’ expectations of -$0.17 by 0.17. This compares to -$0.31 EPS in the same period last year. The net profit margin was -73.22% and return on equity was -21.20% for CLSK. The company reported revenue of $45.52 million for the quarter, compared to $31.03 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 46.71 percent. For the current quarter, analysts expect CLSK to generate $53.69M in revenue.

Cleanspark Inc(CLSK) Company Profile

CleanSpark, Inc. engages in bitcoin mining operations. It develops sustainable infrastructure for Bitcoin, a tool for financial independence and inclusion. The company also provides traditional data center services to its clients, such as providing customers with rack space, power, and equipment, as well as cloud services, including virtual services, virtual storage, and data backup services. 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.

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