Is CleanSpark, Inc. (NASDAQ:CLSK) Expensive At $21.06? Here’s How To Know. – Marketing Sentinel

Is CleanSpark, Inc. (NASDAQ:CLSK) Expensive At $21.06? Here’s How To Know.

In last trading session, CleanSpark, Inc. (NASDAQ:CLSK) saw 2,257,462 shares changing hands with its beta currently measuring 3.67. Company’s recent per share price level of $21.06 trading at -$0.27 or -1.27% at ring of the bell on the day assigns it a market valuation of $713.15 Million. That closing price of CLSK’s stock is at a discount of -102.28% from its 52-week high price of $42.6 and is indicating a premium of 95.01% from its 52-week low price of $1.05. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.92 Million shares which gives us an average trading volume of 3.27 Million if we extend that period to 3-months.

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CleanSpark, Inc. (NASDAQ:CLSK) trade information

In the face of being in the red during last session for losing -1.27%, in the last five days CLSK remained trading in the green while hitting it’s week-highest on Wednesday, Apr 14 when the stock touched $23.30- price level, adding 9.61% to its value on the day. CleanSpark, Inc.’s shares saw a change of -27.5% in year-to-date performance and have moved -0.19% in past 5-day. CleanSpark, Inc. (NASDAQ:CLSK) showed a performance of -28.22% in past 30-days. Number of shares sold short was 1.74 Million shares which calculate 0.53 days to cover the short interests.

CleanSpark, Inc. (CLSK) estimates and forecasts

Statistics highlight that CleanSpark, Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company added +114.02% of value to its shares in past 6 months, showing an annual growth rate of -125% while that of industry is 7. Apart from that, the company came raising its revenue forecast for fiscal year 2021. The company is estimating its revenue growth to increase by 100% in the current quarter and calculating 128.6% increase in the next quarter. This year revenue growth is estimated to rise 442% from the last financial year’s standing.

2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $9.24 Million for the same. And 2 analysts are in estimates of company making revenue of $18.05 Million in the next quarter that will end on June 01, 2021.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -6.2% during past 5 years. In 2021, company’s earnings growth rate is likely to be around 60.9% while estimates for its earnings growth in next 5 years are of 0%

CleanSpark, Inc. (NASDAQ:CLSK)’s Major holders

Insiders are in possession of 8.66% of company’s total shares while institution are holding 13.64% percent of that, with stock having share float percentage of 14.94%. Investors also watch the number of corporate investors in a company very closely, which is 66 institutions for CleanSpark, Inc. that are currently holding shares of the company. Vanguard Group, Inc. (The) is the top institutional holder at CLSK for having 963.51 Thousand shares of worth $27.99 Million. And as of December 30, 2020, it was holding 19.77% of the company’s outstanding shares.

The second largest institutional holder is Susquehanna International Group, LLP, which was holding about 774.23 Thousand shares on December 30, 2020. The number of shares represents firm’s hold over 15.89% of outstanding shares, having a total worth of $22.49 Million.

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On the other hand, Amplify Transformational Data Sharing ETF and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of March 30, 2021, the former fund manager was holding 836502 shares of worth $19.93 Million or 17.16% of the total outstanding shares. The later fund manager was in possession of 577.64 Thousand shares on December 30, 2020, making its stake of worth around $16.78 Million in the company or a holder of 11.85% of company’s stock.

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