In the latest trading session, 8.83 million Cleanspark Inc (NASDAQ:CLSK) shares changed hands as the company’s beta touched 4.24. With the company’s most recent per share price at $10.40 changing hands around $0.21 or 2.06% at last look, the market valuation stands at $3.04B. CLSK’s current price is a discount, trading about -137.69% off its 52-week high of $24.72. The share price had its 52-week low at $6.41, which suggests the last value was 38.37% up since then. When we look at Cleanspark Inc’s average trading volume, we note the 10-day average is 23.72 million shares, with the 3-month average coming to 36.28 million.
Analysts gave the Cleanspark Inc (CLSK) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.38. If we narrow down to specifics, the data shows that 0 out of 4 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended CLSK as a Hold, 4 felt it is a Buy and 0 rated the stock as Underweight. Cleanspark Inc’s EPS for the current quarter is expected to be -0.06.
Cleanspark Inc (NASDAQ:CLSK) trade information
Instantly CLSK is in green as seen in intraday trades today. With action -9.01%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 12.92%, with the 5-day performance at -9.01% in the red. However, in the 30-day time frame, Cleanspark Inc (NASDAQ:CLSK) is -18.94% down. Looking at the short shares, we see there were 49.98 million shares sold at short interest cover period of 1.39 days.
The consensus price target for the stock as assigned by Wall Street analysts is 27, meaning bulls need an upside of 61.48% from its recent market value. According to analyst projections, CLSK’s forecast low is 22 with 27 as the target high. To hit the forecast high, the stock’s price needs a -159.62% plunge from its current level, while the stock would need to soar -111.54% for it to hit the projected low.
Cleanspark Inc (CLSK) estimates and forecasts
Data shows that the Cleanspark Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -34.38% over the past 6 months, a 169.23% in annual growth rate that is considerably higher than the industry average of 8.10%. Year-over-year growth is forecast to reach 96.55% up from the last financial year.
Consensus estimates given by 5 financial analysts project the company’s revenue in the current quarter to hit an average of 149.05M. 5 analysts are of the opinion that Cleanspark Inc’s revenue for the current quarter will be 189.75M. The company’s revenue for the corresponding quarters a year ago was 73.79M and 111.8M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 102.00%. The estimates for the next quarter sales put growth at 69.72%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 35.68%. The 2025 estimates are for Cleanspark Inc earnings to increase by 145.03%.
CLSK Dividends
Cleanspark Inc is expected to release its next quarterly earnings report in February.
Cleanspark Inc (NASDAQ:CLSK)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 3.00% of Cleanspark Inc shares while 43.59% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 44.94%. There are 43.59% institutions holding the Cleanspark Inc stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 8.6318% of the shares, roughly 18.07 million CLSK shares worth $288.14 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 7.5199% or 15.74 million shares worth $251.02 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Extended Market Index Fund and Vanguard Information Technology Index Fund. With 3.72 shares estimated at $38.69 million under it, the former controlled 76.26% of total outstanding shares. On the other hand, Vanguard Information Technology Index Fund held about 66.66% of the shares, roughly 3.25 shares worth around $33.82 million.
