Cleanspark Inc (NASDAQ:CLSK)’s traded shares stood at 9.93 million during the latest session, with the company’s beta value hitting 4.25. At the last check today, the stock’s price was $12.22, to imply an increase of 9.26% or $1.04 in intraday trading. The CLSK share’s 52-week high remains $24.72, putting it -102.29% down since that peak but still an impressive 47.55% since price per share fell to its 52-week low of $6.41. The company has a valuation of $3.57B, with an average of 22.81 million shares in intraday trading volume over the past 10 days and average of 35.47 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Cleanspark Inc (CLSK), translating to a mean rating of 1.38. Of 4 analyst(s) looking at the stock, 0 analyst(s) give CLSK a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 4 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.06.
Cleanspark Inc (NASDAQ:CLSK) trade information
After registering a 9.26% upside in the latest session, Cleanspark Inc (CLSK) has traded red over the past five days. The 5-day price performance for the stock is 21.06%, and -2.12% over 30 days. With these gigs, the year-to-date price performance is 32.63%. Short interest in Cleanspark Inc (NASDAQ:CLSK) saw shorts transact 49.98 million shares and set a 1.39 days time to cover.
The extremes give us $22 and $27 for target low and target high price respectively. As such, CLSK has been trading -120.95% off suggested target high and -80.03% from its likely low.
Cleanspark Inc (CLSK) estimates and forecasts
Looking at statistics comparing Cleanspark Inc share performance against respective industry, we note that the company has outperformed competitors. Cleanspark Inc (CLSK) shares are -35.95% down over the last 6 months, with its year-to-date growth rate higher than industry average at 169.23% against 8.50%. The rating firms project that company’s revenue will grow 96.55% compared to the previous financial year.
Revenue forecast for the current quarter as set by 5 analysts is 149.05M. Meanwhile, for the current quarter, a total of 5 analyst(s) estimate revenue growth to 189.75M.Earnings reports from the last fiscal year show that sales brought in 73.79M and 111.8M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 102.00% before jumping 69.72% in the following quarter.
CLSK Dividends
Cleanspark Inc has its next earnings report out in February. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Cleanspark Inc (NASDAQ:CLSK)’s Major holders
Cleanspark Inc insiders hold 3.00% of total outstanding shares, with institutional holders owning 43.59% of the shares at 44.94% float percentage. In total, 43.59% institutions holds shares in the company, led by BLACKROCK INC. As of 2024-06-30, the company held over 18.07 million shares (or 8.6318% of shares), all amounting to roughly $288.14 million.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 15.74 million shares, or about 7.5199% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $251.02 million.
We also have Vanguard Extended Market Index Fund and Vanguard Information Technology Index Fund as the top two Mutual Funds with the largest holdings of the Cleanspark Inc (CLSK) shares. Going by data provided on Sep 30, 2024, Vanguard Extended Market Index Fund holds roughly 3.72 shares. This is just over 76.26% of the total shares, with a market valuation of $45.77 million. Data from the same date shows that the other fund manager holds a little less at 3.25, or 66.66% of the shares, all valued at about 40.01 million.
