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Is CleanSpark Inc. (NASDAQ:CLSK) Expensive At $2.20? Here’s How To Know.

In last trading session, CleanSpark Inc. (NASDAQ:CLSK) saw 2.75 million shares changing hands with its beta currently measuring 3.36. Company’s recent per share price level of $2.20 trading at $0.05 or 2.33% at ring of the bell on the day assigns it a market valuation of $106.33M. That closing price of CLSK’s stock is at a discount of -740.0% from its 52-week high price of $18.48 and is indicating a premium of 8.64% from its 52-week low price of $2.01. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 3.02 million shares which gives us an average trading volume of 2.82 million if we extend that period to 3-months.

CleanSpark Inc. (NASDAQ:CLSK) trade information

Upright in the green during last session for gaining 2.33%, in the last five days CLSK remained trading in the red while hitting it’s week-highest on Friday, 11/18/22 when the stock touched $2.20 price level, adding 8.71% to its value on the day. CleanSpark Inc.’s shares saw a change of -76.89% in year-to-date performance and have moved -8.33% in past 5-day. CleanSpark Inc. (NASDAQ:CLSK) showed a performance of -36.42% in past 30-days. Number of shares sold short was 6.75 million shares which calculate 2.37 days to cover the short interests.

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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 lost -58.25% of value to its shares in past 6 months, showing an annual growth rate of -14.63% while that of industry is 14.10. Apart from that, the company came lowering its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to decrease by -160.00% in the current quarter and calculating -165.70% decrease in the next quarter. This year revenue growth is estimated to rise 180.80% from the last financial year’s standing.

3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $24.87 million for the same. And 3 analysts are in estimates of company making revenue of $36.7 million in the next quarter that will end on Dec 2022. Company posted $27.14 million and $41.35 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to shrink by -8.40% while estimating it to be -11.20% for the next quarter.

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 7.90% during past 5 years.

CLSK Dividends

CleanSpark Inc. is more likely to be releasing its next quarterly report between December 12 and December 16 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

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

Insiders are in possession of 12.24% of company’s total shares while institution are holding 32.03 percent of that, with stock having share float percentage of 36.50%. Investors also watch the number of corporate investors in a company very closely, which is 32.03% institutions for CleanSpark Inc. that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at CLSK for having 2.69 million shares of worth $10.56 million. And as of Jun 29, 2022, it was holding 55.28% of the company’s outstanding shares.

The second largest institutional holder is Vanguard Group, Inc. (The), which was holding about 1.95 million shares on Jun 29, 2022. The number of shares represents firm’s hold over 39.94% of outstanding shares, having a total worth of $7.63 million.

On the other hand, Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Jun 29, 2022, the former fund manager was holding 1.1 million shares of worth $4.33 million or 22.67% of the total outstanding shares. The later fund manager was in possession of 0.98 million shares on Sep 29, 2022, making its stake of worth around $3.12 million in the company or a holder of 20.16% of company’s stock.

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