Cleanspark Inc (NASDAQ:CLSK) has a beta value of 4.19 and has seen 23.79 million shares traded in the last trading session. The company, currently valued at $2.59B, closed the last trade at $10.32 per share which meant it lost -$0.29 on the day or -2.69% during that session. The CLSK stock price is -139.53% off its 52-week high price of $24.72 and 66.47% above the 52-week low of $3.46. If we look at the company’s 10-day average daily trading volume, we find that it stood at 34.25 million shares traded. The 3-month trading volume is 24.33 million shares.
The consensus among analysts is that Cleanspark Inc (CLSK) is Buy stock at the moment, with a recommendation rating of 1.43. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 4 have rated it as a Hold, with 4 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.18.
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Cleanspark Inc (NASDAQ:CLSK) trade information
Sporting -2.69% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the CLSK stock price touched $10.32 or saw a rise of 22.23%. Year-to-date, Cleanspark Inc shares have moved -6.39%, while the 5-day performance has seen it change -9.35%. Over the past 30 days, the shares of Cleanspark Inc (NASDAQ:CLSK) have changed 19.23%. Short interest in the company has seen 50.39 million shares shorted with days to cover at 2.32.
Wall Street analysts have a consensus price target for the stock at $27, which means that the shares’ value could jump 61.78% from current levels. The projected low price target is $22.0 while the price target rests at a high of $27.0. In that case, then, we find that the current price level is -161.63% off the targeted high while a plunge would see the stock gain -113.18% from current levels.
Cleanspark Inc (CLSK) estimates and forecasts
Figures show that Cleanspark Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -36.07% over the past 6 months, with this year growth rate of 62.02%, compared to 10.80% for the industry. Revenue growth from the last financial year stood is estimated to be 135.90%.
5 analysts offering their estimates for the company have set an average revenue estimate of 88.64M for the current quarter. 4 have an estimated revenue figure of 125.54M for the next ending quarter. Year-ago sales stood 52.52M and 70.41M respectively for this quarter and the next, and analysts expect sales will grow by 68.80% for the current quarter and 135.90% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 37.20% over the past 5 years.
CLSK Dividends
Cleanspark Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Cleanspark Inc (NASDAQ:CLSK)’s Major holders
Insiders own 3.00% of the company shares, while shares held by institutions stand at 42.23% with a share float percentage of 43.54%. Investors are also buoyed by the number of investors in a company, with Cleanspark Inc having a total of 353.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 18.07 million shares worth more than $288.14 million. As of 2024-06-30, BLACKROCK INC. held 8.6318% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 15.74 million shares as of 2024-06-30. The firm’s total holdings are worth over $251.02 million and represent 7.5199% of shares outstanding.
