CLSK vs. CVA, SOFI, COOP, QFIN, WD, RIOT, LU, UPST, PWP, and CIFR
Should you be buying CleanSpark stock or one of its competitors? The main competitors of CleanSpark include Covanta (CVA), SoFi Technologies (SOFI), Mr. Cooper Group (COOP), Qifu Technology (QFIN), Walker & Dunlop (WD), Riot Platforms (RIOT), Lufax (LU), Upstart (UPST), Perella Weinberg Partners (PWP), and Cipher Mining (CIFR).
Covanta (NYSE:CVA) and CleanSpark (NASDAQ:CLSK) are both mid-cap oils/energy companies, but which is the superior investment? We will compare the two businesses based on the strength of their profitability, earnings, institutional ownership, media sentiment, valuation, risk, community ranking, analyst recommendations and dividends.
Covanta has higher revenue and earnings than CleanSpark.
CleanSpark has a consensus target price of $19.22, suggesting a potential upside of 19.58%. Given Covanta's higher possible upside, analysts clearly believe CleanSpark is more favorable than Covanta.
89.8% of Covanta shares are held by institutional investors. Comparatively, 43.1% of CleanSpark shares are held by institutional investors. 10.9% of Covanta shares are held by company insiders. Comparatively, 3.5% of CleanSpark shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.
Covanta has a beta of 1.33, suggesting that its share price is 33% more volatile than the S&P 500. Comparatively, CleanSpark has a beta of 4.3, suggesting that its share price is 330% more volatile than the S&P 500.
Covanta received 310 more outperform votes than CleanSpark when rated by MarketBeat users. However, 73.78% of users gave CleanSpark an outperform vote while only 56.86% of users gave Covanta an outperform vote.
CleanSpark has a net margin of 22.41% compared to CleanSpark's net margin of 1.23%. CleanSpark's return on equity of 9.29% beat Covanta's return on equity.
In the previous week, CleanSpark had 10 more articles in the media than Covanta. MarketBeat recorded 10 mentions for CleanSpark and 0 mentions for Covanta. Covanta's average media sentiment score of 0.84 beat CleanSpark's score of 0.19 indicating that CleanSpark is being referred to more favorably in the news media.
Summary
CleanSpark beats Covanta on 8 of the 15 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding CLSK and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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