Coinbase Global (NASDAQ:COIN – Get Free Report) and CleanSpark (NASDAQ:CLSK – Get Free Report) are both business services companies, but which is the superior investment? We will contrast the two businesses based on the strength of their risk, institutional ownership, analyst recommendations, earnings, profitability, valuation and dividends.
Valuation & Earnings
This table compares Coinbase Global and CleanSpark”s top-line revenue, earnings per share (EPS) and valuation.
| Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
| Coinbase Global | $5.25 billion | 12.68 | $94.87 million | $5.86 | 45.34 |
| CleanSpark | $378.97 million | 7.55 | -$145.78 million | ($0.58) | -16.86 |
Coinbase Global has higher revenue and earnings than CleanSpark. CleanSpark is trading at a lower price-to-earnings ratio than Coinbase Global, indicating that it is currently the more affordable of the two stocks.
Analyst Recommendations
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| Coinbase Global | 1 | 9 | 10 | 0 | 2.45 |
| CleanSpark | 0 | 0 | 6 | 0 | 3.00 |
Coinbase Global currently has a consensus target price of $286.22, suggesting a potential upside of 7.72%. CleanSpark has a consensus target price of $23.17, suggesting a potential upside of 136.88%. Given CleanSpark’s stronger consensus rating and higher probable upside, analysts plainly believe CleanSpark is more favorable than Coinbase Global.
Profitability
This table compares Coinbase Global and CleanSpark’s net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| Coinbase Global | 29.76% | 14.81% | 0.41% |
| CleanSpark | -38.47% | -2.36% | -2.18% |
Volatility and Risk
Coinbase Global has a beta of 3.57, indicating that its stock price is 257% more volatile than the S&P 500. Comparatively, CleanSpark has a beta of 4.16, indicating that its stock price is 316% more volatile than the S&P 500.
Insider and Institutional Ownership
68.8% of Coinbase Global shares are owned by institutional investors. Comparatively, 43.1% of CleanSpark shares are owned by institutional investors. 23.4% of Coinbase Global shares are owned by company insiders. Comparatively, 3.0% of CleanSpark shares are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.
Summary
Coinbase Global beats CleanSpark on 11 of the 14 factors compared between the two stocks.
About Coinbase Global
Coinbase Global, Inc. provides financial infrastructure and technology for the crypto economy in the United States and internationally. The company offers the primary financial account in the crypto economy for consumers; and a marketplace with a pool of liquidity for transacting in crypto assets for institutions. It also provides technology and services that enable developers to build crypto products and securely accept crypto assets as payment. The company was founded in 2012 and is based in Wilmington, Delaware.
About CleanSpark
CleanSpark, Inc. operates as a bitcoin miner in the Americas. It owns and operates data centers that primarily run on low-carbon power. Its infrastructure supports Bitcoin, a digital commodity and a tool for financial independence and inclusion. The company was formerly known as Stratean Inc. and changed its name to CleanSpark, Inc. in November 2016. CleanSpark, Inc. was incorporated in 1987 and is headquartered in Henderson, Nevada.
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