Wall Street expects Bitcoin miner CleanSpark Inc (NASDAQ:CLSK) to report a loss of 18 cents per share and $88.65 million in revenues when it posts fourth-quarter earnings after market hours on Monday.
The company's stock is up 61.78% over the past year, and 46.43% over the past month.
Let's look at what the charts indicate for CleanSpark stock and how the stock currently maps against Wall Street estimates.
CleanSpark Stock Bullish Ahead Of Q4 Earnings
Cleanspark stock is riding a strong bullish wave, with its share price of $14.73 positioned above key short and medium-term moving averages, including the five, 20, and 50-day EMAs.
Chart created using Benzinga Pro
This alignment underscores a strong uptrend. The eight-day SMA (simple moving average) at $14.12 and 20-day SMA at $13.80 both flash bullish signals, reinforcing the momentum.
Similarly, the 50-day SMA at $11.79 paints a technical picture of sustained upward strength. However, caution lingers with the 200-day SMA at $14.72 signaling potential selling pressure, hinting at resistance levels.
Adding to the mixed signals, CLSK's MACD (moving average convergence/divergence) indicator at 0.68 points to bullish momentum, while its RSI (relative strength index) of 56.04 suggests the stock isn't yet overbought, leaving room for further gains.
CleanSpark operates low-carbon-powered data centers to support Bitcoin (CRYPTO: BTC). Its investors should balance optimism with vigilance, keeping an eye on the potential for profit-taking.
CleanSpark Analysts See 59% Upside
Ratings & Consensus Estimates: The consensus analyst rating on CleanSpark stock stands at a Buy currently with a price target of $19.23. Recent analyst ratings from Cantor Fitzgerald, Macquarie and HC Wainwright imply a 58.95% upside for Cleanspark, with an average price target of $23.33.
Price Action: CleanSpark stock closed the trading day Friday at $14.35, up 3.54%.
