![]() ![]() Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Wall Street analysts have also projected the company’s year-on-year revenue for 2023 to grow to $208.06 million, representing a 58.20% jump on that reported in the last financial year. ![]() The average forecast suggests down to a -0.90% growth in sales growth compared to quarterly growth in the same period last fiscal year. Per the data, EPS growth is expected to be -57.80% for 2023 and 34.70% for the next financial year.Īnalysts have a consensus estimate of $41.28 million for the company’s revenue for the quarter, with a low and high estimate of $36.9 million and $44.9 million respectively. Analysts project the company’s earnings per share (EPS) to be -$0.54, which has seen fiscal year 2023 EPS growth forecast to increase to -$2.13 and about -$1.39 for fiscal year 2024. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now.ĬleanSpark Inc.’s market cap currently stands at around $184.11 million, with investors looking forward to this quarter’s earnings report slated for – May 12, 2023. However, since the stock’s price has seen 26.96% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.According a new report published by BloombergNEF on investment in the energy transition, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. It is noteworthy that short shares in January were down slightly from the previous month’s figure, which was 9.39 million. From this, we can conclude that short interest is 10.31% of the company’s total outstanding shares. The stats also highlight that short interest as of Jan 12, 2023, stood at 7.39 million shares, resulting in a short ratio of 2.3 at that time. The insiders hold 9.30% of outstanding shares, whereas institutions hold 30.50%. However, this figure has increased over the past 10 days to an average of 5.01 million.Ĭurrently, records show that 66.39 million of the company’s shares remain outstanding. (NASDAQ:CLSK) indicates that the 3-month average is 3.98 million. Also in last trading session, the S&P 500 Index has surged 0.89%, while the Dow Jones Industrial also saw a positive session, up 1.20% on the day.Īn evaluation of the daily trading volume of CleanSpark Inc. stock has been performing in comparison to its peers in the industry, here are the numbers: CLSK stock’s performance was 5.71% in the latest trading, and -76.83% in the past year. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell. On the technical side, indicators suggest CLSK has a 50% Sell on average for the short term. ![]() No upward and no downward comments were posted in the last 7 days. The company’s revenue is forecast to grow by 58.20% over what it did in 2023.Ī company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of CleanSpark Inc. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2023 is $208.06 million. The average estimate suggests sales will likely down by -0.90% this quarter compared to what was recorded in the comparable quarter last year. It means analysts are expecting annual earnings per share growth of -57.80% this year and 34.70% next year.Īnalysts have forecast the company to bring in revenue of $41.28 million for the current quarter, with the likely lows of $36.9 million and highs of $44.9 million. Analysts have predicted the quarterly earnings per share to grow by -$0.54 per share this quarter, however they have predicted annual earnings per share of -$2. Investors’ optimism about the company’s current quarter earnings report is understandable. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now.ĬleanSpark Inc., whose market valuation is $189.64 million at the time of this writing, is expected to release its quarterly earnings report – May 12, 2023. According a new report published by BloombergNEF on investment in the energy transition, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. ![]()
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