In today’s recent session, 11.5 million shares of the Cleanspark Inc (NASDAQ:CLSK) have been traded, and its beta is 4.24. Most recently the company’s share price was $9.17, and it changed around -$0.61 or -6.24% from the last close, which brings the market valuation of the company to $2.53B. CLSK at last check was trading at a discount to its 52-week high of $24.72, offering almost -169.57% off that amount. The share price’s 52-week low was $6.41, which indicates that the recent value has risen by an impressive 30.1% since then. We note from Cleanspark Inc’s average daily trading volume that its 10-day average is 35.92 million shares, with the 3-month average coming to 35.35 million.
Cleanspark Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.38. If we narrow it down even further, the data shows that 0 out of 7 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 1 recommended CLSK as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight. Cleanspark Inc is expected to report earnings per share of -0.06 for the current quarter.
Cleanspark Inc (NASDAQ:CLSK) trade information
Instantly CLSK has been showing red trend so far today with a performance of -6.24% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 11.22 on recent trading dayincreased the stock’s daily price by 18.27%. The company’s shares are currently down -16.86% year-to-date, but still down -17.68% over the last five days. On the other hand, Cleanspark Inc (NASDAQ:CLSK) is -33.84% down in the 30-day period. We can see from the shorts that 49.98 million shares have been sold at a short interest cover period of 1.39 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 66.04% 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 -42.51 percent over the past six months and at a 169.23% annual growth rate that is well above the industry average of 7.80%. The year-over-year growth rate is expected to be 96.55%, up from the previous year.
Consensus estimates provided by 5 financial analysts predict the company will bring in an average of 149.05M in revenue for the current quarter. 5 analysts expect Cleanspark Inc to make 189.25M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 73.79M and 111.8M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 102.00%. Forecasts for the next quarter put sales growth at 69.27%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 35.68%.
CLSK Dividends
Cleanspark Inc’s next quarterly earnings report is expected to be released in January.
Cleanspark Inc (NASDAQ:CLSK)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 3.00% of Cleanspark Inc shares, and 43.59% of them are in the hands of institutional investors. The stock currently has a share float of 44.94%. Cleanspark Inc stock is held by 352.0 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.
Vanguard Extended Market Index Fund and Vanguard Information Technology Index Fund were the top two Mutual Funds as of Sep 30, 2024. The former held 3.72 shares worth $34.45 million, making up 76.26% of all outstanding shares. On the other hand, Vanguard Information Technology Index Fund held roughly 3.25 shares worth around $30.11 million, which represents about 66.66% of the total shares outstanding.
