In the latest trading session, 6.45 million shares of the Cleanspark Inc (NASDAQ:CLSK) were traded, and its beta was 4.21. Most recently the company’s share price was $9.12, and it changed around -$0.26 or -2.72% from the last close, which brings the market valuation of the company to $2.31B. CLSK currently trades at a discount to its 52-week high of $24.72, offering almost -171.05% off that amount. The share price’s 52-week low was $3.38, which indicates that the current value has risen by an impressive 62.94% since then. We note from Cleanspark Inc’s average daily trading volume that its 10-day average is 18.87 million shares, with the 3-month average coming to 26.63 million.

Cleanspark Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.50. If we narrow it down even further, the data shows that 0 out of 6 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 1 recommended CLSK as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight. Cleanspark Inc is expected to report earnings per share of -0.13 for the current quarter.

Cleanspark Inc (NASDAQ:CLSK) trade information

Instantly CLSK has showed a red trend with a performance of -2.72% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 9.75 on recent trading dayincreased the stock’s daily price by 6.46%. The company’s shares are currently down -17.27% year-to-date, but still up 3.34% over the last five days. On the other hand, Cleanspark Inc (NASDAQ:CLSK) is -19.46% down in the 30-day period. We can see from the shorts that 41.42 million shares have been sold at a short interest cover period of 1.82 day(s).

The consensus price target as assigned by Wall Street analysts is $27, which translates to bulls needing to increase their stock price by 66.22% from its current value. Analyst projections state that CLSK is forecast to be at a low of $22 and a high of $27.

Cleanspark Inc (CLSK) estimates and forecasts

Cleanspark Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -47.65 percent over the past six months and at a 62.02% annual growth rate that is well above the industry average of 8.70%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 79.40% in revenue this quarter, and will report a decrease of -78.60% in the next quarter. The year-over-year growth rate is expected to be 138.80%, up from the previous year.

Consensus estimates provided by 3 financial analysts predict the company will bring in an average of 91.17M in revenue for the current quarter. 3 analysts expect Cleanspark Inc to make 122.57M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 52.52M and 70.41M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 73.60%. Forecasts for the next quarter put sales growth at 74.10%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 37.20%.

CLSK Dividends

Cleanspark Inc’s next quarterly earnings report is expected to be released on 2024-Nov-28.

Cleanspark Inc (NASDAQ:CLSK)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 2.66% of Cleanspark Inc shares, and 42.55% of them are in the hands of institutional investors. The stock currently has a share float of 43.72%. Cleanspark Inc stock is held by 351.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 8.6318% of the shares, which is about 18.07 million shares worth $288.14 million.

VANGUARD GROUP INC, with 7.5199% or 15.74 million shares worth $251.02 million as of 2024-06-30, holds the second largest percentage of outstanding shares.