In last trading session, Cleanspark Inc (NASDAQ:CLSK) saw 33.45 million shares changing hands with its beta currently measuring 4.14. Company’s recent per share price level of $13.86 trading at $0.83 or 6.37% at ring of the bell on the day assigns it a market valuation of $3.81B. That closing price of CLSK’s stock is at a discount of -78.35% from its 52-week high price of $24.72 and is indicating a premium of 62.77% from its 52-week low price of $5.16. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 40.46 million shares which gives us an average trading volume of 28.94 million if we extend that period to 3-months.
For Cleanspark Inc (CLSK), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.38. Splitting up the data highlights that, out of 4 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 4 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.16 in the current quarter.
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Cleanspark Inc (NASDAQ:CLSK) trade information
Upright in the green during last session for gaining 6.37%, in the last five days CLSK remained trading in the red while hitting it’s week-highest on Monday, 11/25/24 when the stock touched $13.86 price level, adding 12.67% to its value on the day. Cleanspark Inc’s shares saw a change of 25.66% in year-to-date performance and have moved -1.00% in past 5-day. Cleanspark Inc (NASDAQ:CLSK) showed a performance of 10.44% in past 30-days. Number of shares sold short was 49.98 million shares which calculate 1.39 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 27 to the stock, which implies a rise of 48.67% to its current value. Analysts have been projecting 22 as a low price target for the stock while placing it at a high target of 27. It follows that stock’s current price would drop -58.73% in reaching the projected high whereas dropping to the targeted low would mean a loss of -58.73% for stock’s current value.
Cleanspark Inc (CLSK) estimates and forecasts
Statistics highlight that Cleanspark Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -18.80% of value to its shares in past 6 months, showing an annual growth rate of 62.02% while that of industry is 8.50. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 129.01% from the last financial year’s standing.
4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 88.56M for the same. And 4 analysts are in estimates of company making revenue of 125.54M in the next quarter. Company posted 52.52M and 73.79M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 37.20% during past 5 years.
Cleanspark Inc (NASDAQ:CLSK)’s Major holders
Insiders are in possession of 3.00% of company’s total shares while institution are holding 43.68 percent of that, with stock having share float percentage of 45.03%. Investors also watch the number of corporate investors in a company very closely, which is 43.68% institutions for Cleanspark Inc that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at CLSK for having 18.07 million shares of worth $288.14 million. And as of 2024-06-30, it was holding 8.6318 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 15.74 million shares on 2024-06-30. The number of shares represents firm’s hold over 7.5199 of outstanding shares, having a total worth of $251.02 million.
On the other hand, Vanguard Extended Market Index Fund and Vanguard Information Technology Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024 , the former fund manager was holding 3.46 shares of worth $47.92 million or 70.95% of the total outstanding shares. The later fund manager was in possession of 3.25 shares on Aug 31, 2024 , making its stake of worth around $45.03 million in the company or a holder of 66.66% of company’s stock.
