During the recent session, Cleanspark Inc (NASDAQ:CLSK)’s traded shares were 7.38 million, with the beta value of the company hitting 4.21. At the last check today, the stock’s price was $11.24, reflecting an intraday gain of 5.29% or $0.56. The 52-week high for the CLSK share is $24.72, that puts it down -119.93 from that peak though still a striking 69.93% gain since the share price plummeted to a 52-week low of $3.38. The company’s market capitalization is $2.79B, and the average intraday trading volume over the past 10 days was 20.31 million shares, and the average trade volume was 28.67 million shares over the past three months.
Cleanspark Inc (CLSK) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.60. CLSK has a Sell rating from 0 analyst(s) out of 4 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 4 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.09.
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Cleanspark Inc (NASDAQ:CLSK) trade information
Cleanspark Inc (CLSK) registered a 5.29% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 5.29% in intraday trading to $11.24, hitting a weekly high. The stock’s 5-day price performance is -5.27%, and it has moved by -29.72% in 30 days. Based on these gigs, the overall price performance for the year is 114.19%. The short interest in Cleanspark Inc (NASDAQ:CLSK) is 38.19 million shares and it means that shorts have 1.27 day(s) to cover.
The consensus price target of analysts on Wall Street is $27, which implies an increase of 58.37% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $22 and $27 respectively. As a result, CLSK is trading at a discount of -140.21% off the target high and -95.73% off the low.
Cleanspark Inc (CLSK) estimates and forecasts
Statistics show that Cleanspark Inc has outperformed its competitors in share price, compared to the industry in which it operates. Cleanspark Inc (CLSK) shares have gone down -32.75% during the last six months, with a year-to-date growth rate more than the industry average at 62.02% against 8.50. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 85.70% this quarter and then drop -64.30% in the quarter after that. In the rating firms’ projections, revenue will increase 128.20% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 94.6M as predicted by 3 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to 125.7M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 52.52M and 70.41M respectively. In this case, analysts expect current quarter sales to grow by 80.10% and then jump by 78.50% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 37.20%. While earnings are projected to return -431.97% in 2024.
CLSK Dividends
Cleanspark Inc is due to release its next quarterly earnings on 2024-Nov-28. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Cleanspark Inc (NASDAQ:CLSK)’s Major holders
Cleanspark Inc insiders own 2.29% of total outstanding shares while institutional holders control 43.30%, with the float percentage being 44.32%. BLACKROCK INC. is the largest shareholder of the company, while 347.0 institutions own stock in it. As of 2024-06-30, the company held over 18.07 million shares (or 8.6318% of all shares), a total value of $288.14 million in shares.
The next largest institutional holding, with 15.74 million shares, is of VANGUARD GROUP INC’s that is approximately 7.5199% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $251.02 million.
Also, the Mutual Funds coming in first place with the largest holdings of Cleanspark Inc (CLSK) shares are iShares Russell 2000 ETF and Vanguard Extended Market Index Fund . Data provided on Jun 30, 2024 indicates that iShares Russell 2000 ETF owns about 4.52 shares. This amounts to just over 92.71 percent of the company’s overall shares, with a $50.85 million market value. The same data shows that the other fund manager holds slightly less at 2.96, or about 60.84% of the stock, which is worth about $33.37 million.
