Cleanspark Inc (NASDAQ:CLSK)’s traded shares stood at 14.85 million during the last session, with the company’s beta value hitting 4.22. At the close of trading, the stock’s price was $8.79, to imply an increase of 2.09% or $0.18 in intraday trading. The CLSK share’s 52-week high remains $24.72, putting it -181.23% down since that peak but still an impressive 61.55% since price per share fell to its 52-week low of $3.38. The company has a valuation of $2.23B, with an average of 22.07 million shares in intraday trading volume over the past 10 days and average of 24.70 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Cleanspark Inc (CLSK), translating to a mean rating of 1.43. Of 4 analyst(s) looking at the stock, 0 analyst(s) give CLSK a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 4 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.15.
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Cleanspark Inc (NASDAQ:CLSK) trade information
After registering a 2.09% upside in the last session, Cleanspark Inc (CLSK) has traded red over the past five days. The 5-day price performance for the stock is -5.89%, and -2.55% over 30 days. With these gigs, the year-to-date price performance is -20.31%. Short interest in Cleanspark Inc (NASDAQ:CLSK) saw shorts transact 45.04 million shares and set a 2.31 days time to cover.
The extremes give us $22 and $27 for target low and target high price respectively. As such, CLSK has been trading -207.17% off suggested target high and -150.28% from its likely low.
Cleanspark Inc (CLSK) estimates and forecasts
Looking at statistics comparing Cleanspark Inc share performance against respective industry, we note that the company has outperformed competitors. Cleanspark Inc (CLSK) shares are -45.69% down over the last 6 months, with its year-to-date growth rate higher than industry average at 62.02% against 8.20%. Revenue is forecast to grow 76.20% this quarter before falling -128.60% for the next one. The rating firms project that company’s revenue will grow 138.40% compared to the previous financial year.
Revenue forecast for the current quarter as set by 4 analysts is 90.26M. Meanwhile, for the current quarter, a total of 4 analyst(s) estimate revenue growth to 126.31M.Earnings reports from the last fiscal year show that sales brought in 52.52M and 70.41M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 71.90% before jumping 79.40% in the following quarter.
CLSK Dividends
Cleanspark Inc has its next earnings report out in November. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Cleanspark Inc (NASDAQ:CLSK)’s Major holders
Cleanspark Inc insiders hold 2.87% of total outstanding shares, with institutional holders owning 42.43% of the shares at 43.68% float percentage. In total, 42.43% institutions holds shares in the company, led by BLACKROCK INC.. As of 2024-06-30, the company held over 18.07 million shares (or 8.6318% of shares), all amounting to roughly $288.14 million.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 15.74 million shares, or about 7.5199% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $251.02 million.
