![]() Have feedback on this article? Concerned about the content? Get in touch with us directly. Simply Wall St has no position in any stocks mentioned. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. We aim to bring you long-term focused analysis driven by fundamental data. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Shares of cryptocurrency-mining and energy-technology company CleanSpark ( CLSK 1.00) got hammered on Tuesday after it reported financial results for the third quarter of 2021. This article by Simply Wall St is general in nature. Īnother way to search for interesting companies that could be reaching an inflection point is to track whether management are buying or selling, with our free list of growing companies that insiders are buying. ![]() For more information, you can click through to our platform to learn more about this and the 1 other warning sign we've identified. The covering analyst is clearly in love with CleanSpark at the moment, but before diving in - you should be aware that we've identified some warning flags with the business, such as major dilution from new stock issuance in the past year. ET by Tomi Kilgore CleanSpark stock surges after deal to buy nearly 23,000 more bitcoin. So there's been quite a change-up of views after the recent consensus updates, with the analyst making a sizeable increase to their revenue forecasts while also reducing the estimated loss as the business grows towards breakeven.Ĭheck out our latest analysis for CleanSpark CleanSpark sold 253 bitcoins in February, at average price of 39,740 each Mar. Yet before this consensus update, the analyst had been forecasting revenues of US$20m and losses of US$0.39 per share in 2021. Losses are predicted to fall substantially, shrinking 95% to US$0.22. The company was formerly known as Stratean Inc. ![]() It also provides data center services, including rack space, power, and equipment and various cloud services, such as virtual, virtual storage, and data backup services. 3 RenaSola Stock (SOL) 8 Cheap Solar Energy Stocks Clean Spark Inc. engages in the mining of bitcoin operations. Could this upgrade be enough to drive the stock even higher?įollowing the upgrade, the most recent consensus for CleanSpark from its lone analyst is for revenues of US$29m in 2021 which, if met, would be a substantial 176% increase on its sales over the past 12 months. The penny stock screener can be filter by stock price and volume to find top. CleanSpark has also found favour with investors, with the stock up a whopping 38% to US$15.95 over the past week. Consensus estimates suggest investors could expect greatly increased statutory revenues and earnings per share, with the analyst modelling a real improvement in business performance. ( NASDAQ:CLSK) may be thrilled to learn that the covering analyst has just delivered a major upgrade to their near-term forecasts. Reported A Surprise Loss, And Analysts Have Updated Their Forecasts Aug 19 Third quarter 2021 earnings released: US0.49 loss per share (vs US0. ![]()
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