H.C. Wainwright analyst Amit Dayal maintained a Buy rating on Cleanspark (CLSK) today and set a price target of $50.00. The company’s shares closed last Friday at $19.30.
According to TipRanks.com, Dayal is a top 100 analyst with an average return of 57.5% and a 53.0% success rate. Dayal covers the Industrial Goods sector, focusing on stocks such as Ballard Power Systems, Westport Fuel Systems, and Orion Energy Systems.
Cleanspark has an analyst consensus of Moderate Buy, with a price target consensus of $47.50.
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Based on Cleanspark’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.26 million and GAAP net loss of $7.17 million. In comparison, last year the company earned revenue of $976.8K and had a GAAP net loss of $1.92 million.
Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CLSK in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Cleanspark, Inc. offers advanced energy software and control technology that enables a plug-and-play enterprise solution to modern energy challenges. Its services consist of intelligent energy monitoring and controls, Microgrid design and engineering, Microgrid consulting services, and turn-key Microgrid implementation services. The company’s software allows energy users to obtain resiliency and economic optimization. The company was founded by S. Matthew Schultz on October 15, 1987 and is headquartered in Bountiful, UT.
