In the latest trading session, 5.36 million Cleanspark Inc (NASDAQ:CLSK) shares changed hands as the company’s beta touched 4.19. With the company’s most recent per share price at $8.77 changed hands at -$0.48 or -5.14% at last look, the market valuation stands at $2.46B. CLSK’s current price is a discount, trading about -181.87% off its 52-week high of $24.72. The share price had its 52-week low at $8.04, which suggests the last value was 8.32% up since then.
Analysts gave the Cleanspark Inc (CLSK) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.30. 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 0.07.
Cleanspark Inc (NASDAQ:CLSK) trade information
Instantly CLSK was in red as seen in intraday trades today. With action -16.43%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -4.72%, with the 5-day performance at -16.43% in the red. However, in the 30-day time frame, Cleanspark Inc (NASDAQ:CLSK) is -23.09% down.
The consensus price target for the stock as assigned by Wall Street analysts is 27, meaning bulls need an upside of 67.52% 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 -207.87% plunge from its current level, while the stock would need to soar -150.86% for it to hit the projected low.
Cleanspark Inc (CLSK) estimates and forecasts
Year-over-year growth is forecast to reach 141.59% 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 204.15M. 5 analysts are of the opinion that Cleanspark Inc’s revenue for the current quarter will be 244.18M. The company’s revenue for the corresponding quarters a year ago was 111.8M and 104.11M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 82.60%. The estimates for the next quarter sales put growth at 134.55%.
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 264.86%.
Cleanspark Inc (NASDAQ:CLSK)’s Major holders
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 Fidelity Small Cap Index Fund. With 3.72 shares estimated at $32.96 million under it, the former controlled 76.26% of total outstanding shares. On the other hand, Fidelity Small Cap Index Fund held about 47.90% of the shares, roughly 2.33 shares worth around $20.71 million.
