Cleanspark stock split3/12/2023 However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell. We see that CLSK’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. Revisions could be a useful indicator to get insight on short-term price movement so for the company, there were no upward and no downward review(s) in last seven days. Wall Street analysts also predicted that in 2023, the company’s y-o-y revenues would reach $157.17 million, representing an increase of 217.90% from the revenues reported in the last year’s results. Data indicates that the EPS growth is expected to be 117.30% in 2023, while the next year’s EPS growth is forecast to be -238.50%.Īnalysts have estimated the company’s revenue for the quarter at $36.67 million, with a low estimate of $33.2 million and a high estimate of $40 million. Analysts are projecting the company’s earnings per share (EPS) to be -$0.08, which is expected to increase to $0.05 for fiscal year $0.13 and then to about -$0.18 by fiscal year 2023. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. currently standing at about $184.95 million, investors are eagerly awaiting this quarter’s results, scheduled for – Feb 14, 2022. READ: CleanSpark prepares for Nasdaq uplisting, approves stock split to meet price requirements CleanSpark would like to clarify that it has set an internal policy to not contract directly with any companies in the cannabis industry and that it has not in the past and will not in the future divert from this policy, absent fundamental changes. With the market capitalization of CleanSpark Inc. We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.Ĭlick here for full details and to join for free. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential. He buys up valuable assets when they are very cheap. To read this article on click here.The world's greatest investor - Warren Buffett - has a simple formula for making big money in the markets. Click to get this free reportĬleanspark, Inc. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. However, much of this new outlook is reliant on the price of Bitcoin shooting higher to the $47,000 level.ĬLSK is now down more than 61% year-to-date. Stock splits are getting a lot of attention this summer: Amazon. Management still raised its full-year guidance, and now projects revenue in the range of $49 million to $62 million. CleanSpark also reported that its fiscal first-quarter revenue rose 52 to 41.2 million from 27.1 million in its fiscal fourth. Wall Street was anticipating a profit instead. But investors were shocked at the size of CLSK’s net loss: $16.7 million, or -$0.49 per share. The company mined a record 191 tokens during the period, which brings its total to 301.4 Bitcoin on its balance sheet. Most of this growth came from CleanSpark’s Bitcoin mining business. Revenue of $11.9 million missed analyst expectations despite increasing 250% year-over-year. After falling as much as 22% earlier in the day, CLSK closed down 15.2%. Shares of CleanSpark CLSK, an energy-technology and cryptocurrency-mining company, dropped significantly in Tuesday’s trading session after it reported Q3 earnings.
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