$iShares Bitcoin Trust(IBIT)$ $CME Bitcoin - main 2411(BTCmain)$ $iShares Bitcoin Trust(IBIT)$ $CleanSpark, Inc.(CLSK)$
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The magnet for #Bitcoin to > 73K is getting stronger and stronger on this liquidation heat map!
$BTC - I feel this consolidation is over by the weekend, or early next week for BTC....... Then it pushes higher to 78k to 81k. At that point, into mid November I feel the market will weaken around the 3rd week of November. Equities are at/near new highs and begin to consolidate, and $BTC follows down. Then in December I want to buy both.
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Modified in.11-02
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CleanSpark, Inc. (CLSK) Stock Analysis
Business and Industry: CleanSpark, Inc. is a technology company that provides software solutions for energy microgrid modeling, engineering, and management. Their software helps optimize energy usage and enables renewable energy integration. The company operates in the clean energy sector, which is expected to grow significantly in the future due to the global focus on sustainability and renewable energy sources.
Latest Earnings and Forecast: The latest earnings report for CleanSpark, Inc. shows a forecasted EPS of $-0.62 for the fiscal year 2024. The forecasted gross income is $397.32 million, and the forecasted EBIT is -$67.70 million. Looking ahead, analysts have provided earnings forecasts for the fiscal years 2025 and 2026. The forecasted EPS for 2025 is $0.60, with a forecasted gross income of $780.42 million and a forecasted EBIT of $5.38 million. For 2026, the forecasted EPS is $0.41, with a forecasted gross income of $746.14 million and a forecasted EBIT of $193.96 million.
Analyst Recommendation and Target Price: Analysts have provided their recommendations for CleanSpark, Inc. Among the analyzed data, 2 analysts recommend the stock as a buy, 4 analysts rate it as a buy, and 1 analyst suggests holding the stock. Regarding the target price, 6 analysts have provided their estimates. The mean target price is $24.67, while the low and high target estimates are $20.00 and $30.00, respectively.
Capital Flow Data: The capital flow data for the past 5 days indicates the following trends: On 10-25, there was a net outflow of $4,757.41 thousand. On 10-28, there was a net inflow of $15,262.63 thousand. On 10-29, there was a net outflow of $29,837.43 thousand. On 10-30, there was a net outflow of $1,255.23 thousand. On 10-31, there was a net outflow of $7,592.09 thousand.
Support and Resistance Price: The support price for CleanSpark, Inc. on 2024-10-31 was $9.54, while the resistance price was $12.04.
Average Cost: The average cost of CleanSpark, Inc. on 2024-10-31 was $11.78.
Earnings Result: The earnings results for the third quarter of 2024 show an EPS of -$1.03. The return on equity (ROE) was -65.96%, and the gross profit margin was 56.60%. Other financial ratios include a quick ratio of 2.36, current ratio of 8.94, and total asset turnover of 0.28.
Stock Price: As of 2024-11-01, the stock price of CleanSpark, Inc. is $10.655 USD.
Key Takeaways:
CleanSpark, Inc. operates in the clean energy sector, which is expected to grow in the future.
The company's latest earnings report shows a forecasted EPS and gross income, with negative EBIT for the fiscal year 2024. However, earnings are expected to improve in the upcoming years.
Analysts have provided recommendations and target prices for the stock, indicating positive sentiment.
The capital flow data shows a mixed trend in the past 5 days, with both inflows and outflows.
The support price is $9.54, and the resistance price is $12.04.
The average cost of the stock is $11.78.
Please note that the above analysis is for informational purposes only and should not be considered as investment advice. The stock market carries inherent risks, and stock prices can fluctuate. It is important to conduct further research and analysis and consult with a financial advisor before making investment decisions.
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Great article, would you like to share it?
Great article, would you like to share it?