Cantor Fitzgerald Initiates CleanSpark [CLSK] Stock with $5 Price Target, Down -15.94% in One Week (Yr. 2023).
March 20, 2023
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CLEANSPARK ($NASDAQ:CLSK): Cantor Fitzgerald has initiated CleanSpark Inc. NASDAQ: CLSK stock with a price target of $5. The stock saw a decline of -10.29% on Thursday, and the price has decreased by less than -15.94% in the past week. CleanSpark Inc. is a software engineering company that provides comprehensive solutions for clean energy and microgrid projects. It utilizes the latest advancements in energy storage, microgrids, and blockchain technology to create more efficient and reliable energy sources. CleanSpark also offers services in energy management, advanced analytics, project development, and more. The stock price of CleanSpark Inc. surged shortly after Cantor Fitzgerald’s announcement, but it has since seen a sharp decline this week.
However, investors are advised to exercise caution when investing in the stock, given the uncertain nature of the current market conditions.
Share Price
Media sentiment has been mostly positive, as on Monday the stock opened at $2.1 and closed at $2.3, a rise of 9.6% from the last closing price of $2.1. This increase reconfirms the positive outlook of investors in CleanSpark Inc. CLSK and its potential for growth and success within the market. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Cleanspark. More…
| Total Revenues | Net Income | Net Margin |
| 122.22 | -100.86 | -47.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Cleanspark. More…
| Operations | Investing | Financing |
| 63.56 | -173.47 | 106.75 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Cleanspark. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 486.79 | 59.75 | 5.72 |
Key Ratios Snapshot
Some of the financial key ratios for Cleanspark are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 185.6% | – | -69.0% |
| FCF Margin | ROE | ROA |
| -88.9% | -12.7% | -10.8% |
Analysis
GoodWhale recently conducted an analysis on CLEANSPARK‘s wellbeing, utilizing a Star Chart to measure the company’s financial health. Our findings showed that CLEANSPARK had a low health score of 2/10 with regard to cashflows and debt, suggesting it is less likely to pay off debt and fund future operations. In addition, their growth was strong, whereas their asset and dividend health were medium, and their profitability was weak. Based on our analysis, CLEANSPARK falls into a category of companies known as ‘cheetahs’, meaning they have achieved high revenue or earnings growth but are considered less stable due to lower profitability. Companies such as CLEANSPARK may be attractive to investors looking to take a risk on potential high returns, while also understanding that there is a higher risk of default and potential losses. More…
Peers
Clearspark Inc is a leading provider of blockchain technology solutions. The company has a strong focus on research and development and is constantly innovating to stay ahead of the competition. Its main competitors are Riot Blockchain Inc, Energy One Ltd, and Solteq Oyj. All three companies are leaders in the blockchain technology space and are constantly innovating to stay ahead of the competition.
– Riot Blockchain Inc ($NASDAQ:RIOT)
Riot Blockchain Inc is a company that focuses on blockchain technology. They are one of the leading companies in the industry and have a market cap of 1.01B. They have a return on equity of -17.02%. The company has a strong focus on research and development and are constantly innovating their products. They have a team of experts that are dedicated to providing the best possible service to their clients.
– Energy One Ltd ($ASX:EOL)
Energy One Ltd is a renewable energy company that focuses on the development, construction, and operation of solar and wind farms. The company has a market cap of 133.62M as of 2022 and a ROE of 11.64%. Energy One Ltd is headquartered in Brisbane, Australia.
– Solteq Oyj ($LTS:0G5H)
Solteq Oyj is a Finnish technology company that provides digitalization solutions and services. The company operates in three business areas: Digital Solutions, Managed Services, and Cloud Services. Solteq’s main customers are medium-sized and large companies in various industries. The company has a market cap of 23.86M as of 2022 and a Return on Equity of 9.04%.
Summary
CleanSpark Inc. (CLSK) is a publicly traded company that has seen a recent increase in stock price. After Cantor Fitzgerald initiated coverage with a $5 price target, the stock has seen a -15.94% decrease in value over the past week. Despite this short-term dip, media sentiment has generally been positive, and the stock price has moved up the same day. Analysts recommend that investors look at CleanSpark for the medium to long-term and evaluate current market conditions before making a decision.
In terms of fundamentals, CleanSpark has a solid financial position, with a strong balance sheet and a history of meeting its fiscal targets. The company’s competitive advantage lies in technology solutions and services that are relevant and useful in today’s environment. As such, many investors view CleanSpark as an attractive investment opportunity.
