Cleanspark Inc (NASDAQ:CLSK) Shares Dropped -4.37% In A Week. Can It Continue Rising?

In last trading session, Cleanspark Inc (NASDAQ:CLSK) saw 17.08 million shares changing hands with its beta currently measuring 4.17. Company’s recent per share price level of $10.06 trading at $0.17 or 1.72% at ring of the bell on the day assigns it a market valuation of $2.82B. That closing price of CLSK’s stock is at a discount of -145.73% from its 52-week high price of $24.72 and is indicating a premium of 20.08% from its 52-week low price of $8.04.

For Cleanspark Inc (CLSK), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.30. 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 0.07 in the current quarter.

Cleanspark Inc (NASDAQ:CLSK) trade information

Upright in the green during last session for gaining 1.72%, in the last five days CLSK remained trading in the red while hitting it’s week-highest on Friday, 02/14/25 when the stock touched $10.06 price level, adding 8.04% to its value on the day. Cleanspark Inc’s shares saw a change of 9.23% in year-to-date performance and have moved -4.37% in past 5-day. Cleanspark Inc (NASDAQ:CLSK) showed a performance of -8.21% in past 30-days.

Wall Street analysts have assigned a consensus price target of 27 to the stock, which implies a rise of 62.74% 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 -118.69% in reaching the projected high whereas dropping to the targeted low would mean a loss of -118.69% for stock’s current value.

Cleanspark Inc (CLSK) estimates and forecasts

This year revenue growth is estimated to rise 141.59% from the last financial year’s standing.

5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 204.15M for the same. And 5 analysts are in estimates of company making revenue of 244.18M in the next quarter. Company posted 111.8M and 104.11M 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 35.68% during past 5 years.

Cleanspark Inc (NASDAQ:CLSK)’s Major holders

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 Fidelity Small Cap Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024 , the former fund manager was holding 3.72 shares of worth $37.39 million or 76.26% of the total outstanding shares. The later fund manager was in possession of 2.33 shares on Oct 31, 2024 , making its stake of worth around $23.49 million in the company or a holder of 47.90% of company’s stock.