Cleanspark Inc (NASDAQ:CLSK) has a beta value of 4.19 and has seen 41.51 million shares traded in the last trading session. The company, currently valued at $4.50B, closed the last trade at $14.95 per share which meant it lost -$0.15 on the day or -0.99% during that session. The CLSK stock price is -65.35% off its 52-week high price of $24.72 and 67.42% above the 52-week low of $4.87. If we look at the company’s 10-day average daily trading volume, we find that it stood at 46.53 million shares traded. The 3-month trading volume is 28.43 million shares.
The consensus among analysts is that Cleanspark Inc (CLSK) is Buy stock at the moment, with a recommendation rating of 1.38. 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 -0.16.
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Cleanspark Inc (NASDAQ:CLSK) trade information
Sporting -0.99% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the CLSK stock price touched $14.95 or saw a rise of 5.8%. Year-to-date, Cleanspark Inc shares have moved 35.54%, while the 5-day performance has seen it change 11.73%. Over the past 30 days, the shares of Cleanspark Inc (NASDAQ:CLSK) have changed 25.00%. Short interest in the company has seen 55.38 million shares shorted with days to cover at 1.92.
Wall Street analysts have a consensus price target for the stock at $27, which means that the shares’ value could jump 44.63% 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 -80.6% off the targeted high while a plunge would see the stock gain -47.16% 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 -15.20% over the past 6 months, with this year growth rate of 62.02%, compared to 8.60% for the industry. Revenue growth from the last financial year stood is estimated to be 129.01%.
4 analysts offering their estimates for the company have set an average revenue estimate of 88.56M 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 73.79M respectively for this quarter and the next, and analysts expect sales will grow by 68.61% for the current quarter and 129.01% 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 43.67% with a share float percentage of 45.02%. Investors are also buoyed by the number of investors in a company, with Cleanspark Inc having a total of 351.0 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.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Extended Market Index Fund and Vanguard Information Technology Index Fund . As of Jun 30, 2024 , the former fund manager holds about 70.95% shares in the company for having 3.46 shares of worth $51.69 million while later fund manager owns 3.25 shares of worth $48.57 million as of Aug 31, 2024 , which makes it owner of about 66.66% of company’s outstanding stock.
