The post Bitcoin miner stock CleanSpark has upside to $12, analyst says appeared first on CoinJournal. In terms of fleet efficiency, CleanSpark is ahead of everyone else in the industry following today’s deal with Bitmain, the analyst concluded. Today’s announcement should give investors more visibility and conviction into CLSK. It’s trading at 46% discount to peers on market cap to deployed hash rate, which we view as unwarranted. Still, Colonnese is convinced that it’s significantly undervalued. Consensus is for it to lose 37 cents a share this quarter versus 5 cents of EPS a year ago.įor the year, CleanSpark stock is up more than 50% at writing. CleanSpark stock is significantly undervaluedĬleanSpark is expected to report its Q2 financial results next month. Cleanspark (NASDAQ: CLSK) was reported by Chardan Capital on Monday, May 15, 2023.The analyst firm set a price target for 6. With this purchase, the analyst added, CleanSpark will be able to improve its hash rate to 16 EH/s in line with the company’s year-end target. The bullish call on Clean Spark stock arrives only hours after it revealed to have bought 45,000 new Antminer S19 XPs from Bitmain for about $145 million.ĬLSK secured machines for a very attractive $23/TH, the lowest we’ve seen for these rigs, and 12% below the going rate for high efficiency ASICs based on Luxor’s Bitcoin ASIC Price Index. On Tuesday, Mike Colonnese reiterated his “buy” rating on the crypto company and said its shares could climb to $12 – about a 300% upside from here. CleanSpark stock could quadruple from here Wainwright analyst named the bitcoin miner his top pick for 2023. Shares of CleanSpark Inc (NASDAQ: CLSK) are up nearly 15% this morning after an H.C. CleanSpark stock is already up more than 50% for the year.Analyst Mike Colonnese explained why in a research note today.Wainwright reiterates CleanSpark Inc its top pick for 2023. The final quotes of the instrument at the close of the previous trading day are a signal to adjust the forecasts for CleanSpark shares. Analyst Ratings for Cleanspark Inc (CLSK) provide recommendations made by outside industry experts. We forecast CleanSpark stock performance using neural networks based on historical data on CleanSpark stocks.Īlso, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account.ĬleanSpark stock prediction results are shown below and presented in the form of graphs, tables and text information, divided into time intervals. What are analysts' forecasts for CleanSpark stock? NASDAQ:CLSK CleanSpark (CLSK) Competitors 3.90 -0.01 (-0.26) (As of 04:00 PM ET) Compare Todays Range 3.89 4.07 50-Day Range 2.44 5.03 52-Week Range 1.74 6.84 Volume 3.93 million shs Average Volume 6.03 million shs Market Capitalization 439.49 million P/E Ratio 7.07 Dividend Yield N/A Price Target 7. When should I record a loss on CleanSpark stock? When should I take profit in CleanSpark stock? Current 4.04 Target 85.67.50 CleanSpark Stock Rating What analysts recommend for CLSK stock, on a scale from 1 (buy) to 5 (sell). How much will one CleanSpark share be worth in Price Target 7.75: Price Target Difference 69.77: Analyst Consensus Strong Buy: Analyst Count 4: Revenue Growth Forecast (5Y) n/a: EPS Growth Forecast (5Y). If yes, then on this page you will find useful information about the dynamics of the CleanSpark The average price target for Cleanspark is 7.75, which is 69.77 higher than the current price. stocks and want to buy them, or are they already in your portfolio?
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