- CleanSpark's June bitcoin production slightly decreased, but bitcoin sales saw a significant increase.
- The company achieved a milestone with its operational hashrate reaching 50 EH/s.
- Wall Street analysts maintain a positive outlook with notable upside potential for the stock.
CleanSpark (CLSK, Financial) recently reported its bitcoin production figures for June, noting a slight decline to 685 bitcoins from May's total of 694. In contrast, the company witnessed a robust increase in bitcoin sales, which soared to 578.51 compared to 293.5 in the previous month. Additionally, CleanSpark celebrated reaching an operational hashrate milestone of 50 EH/s. These developments were met with a slight dip in pre-market shares, declining by 2.20% to $11.98.
Analyst Price Target and Recommendations
According to forecasts from nine analysts, CleanSpark Inc (CLSK, Financial) holds an average one-year price target of $19.67. This projection includes a high estimate of $25.00 and a low estimate of $15.50, suggesting a compelling upside of 74.50% from the current trading price of $11.27. Investors seeking more detailed projection data can explore the Cleanspark Inc (CLSK) Forecast page.
The consensus among 11 brokerage firms provides CleanSpark Inc (CLSK, Financial) with an average recommendation of 1.9, categorizing the stock as "Outperform." This rating is based on a scale where 1 represents a Strong Buy and 5 indicates a Sell, suggesting analyst confidence in the stock's future performance.
Understanding GF Value Metrics
GuruFocus's estimates suggest that the GF Value of CleanSpark Inc (CLSK, Financial) in one year is approximately $11.69. This valuation hints at a modest upside potential of 3.73% over the current price of $11.27. The GF Value is an estimate of the stock's fair trading value, derived from historical trading multiples, past business growth, and projections of future business performance. For further insights, please visit the Cleanspark Inc (CLSK) Summary page.
