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CleanSpark (CLSK) Flat As Market Sinks: What You Should Know
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In the latest trading session, CleanSpark (CLSK - Free Report) closed at $5.58, marking no change from the previous day. This move was narrower than the S&P 500's daily loss of 0.2%. Meanwhile, the Dow experienced a drop of 0.16%, and the technology-dominated Nasdaq saw a decrease of 0.07%.
Prior to today's trading, shares of the company had gained 34.46% over the past month. This has outpaced the Business Services sector's gain of 8.93% and the S&P 500's gain of 7.49% in that time.
Analysts and investors alike will be keeping a close eye on the performance of CleanSpark in its upcoming earnings disclosure.
Investors should also note any recent changes to analyst estimates for CleanSpark. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. CleanSpark presently features a Zacks Rank of #4 (Sell).
The Technology Services industry is part of the Business Services sector. Currently, this industry holds a Zacks Industry Rank of 77, positioning it in the top 31% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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CleanSpark (CLSK) Flat As Market Sinks: What You Should Know
In the latest trading session, CleanSpark (CLSK - Free Report) closed at $5.58, marking no change from the previous day. This move was narrower than the S&P 500's daily loss of 0.2%. Meanwhile, the Dow experienced a drop of 0.16%, and the technology-dominated Nasdaq saw a decrease of 0.07%.
Prior to today's trading, shares of the company had gained 34.46% over the past month. This has outpaced the Business Services sector's gain of 8.93% and the S&P 500's gain of 7.49% in that time.
Analysts and investors alike will be keeping a close eye on the performance of CleanSpark in its upcoming earnings disclosure.
Investors should also note any recent changes to analyst estimates for CleanSpark. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. CleanSpark presently features a Zacks Rank of #4 (Sell).
The Technology Services industry is part of the Business Services sector. Currently, this industry holds a Zacks Industry Rank of 77, positioning it in the top 31% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.