Cleanspark Inc (NASDAQ: CLSK) Shares Fall :-242.64% From The Trough – But Can It Keep Going?

Cleanspark Inc (NASDAQ:CLSK)’s traded shares stood at 22.0 million during the last session, with the company’s beta value hitting 4.21. At the close of trading, the stock’s price was $7.88, to imply a decrease of -3.31% or -$0.27 in intraday trading. The CLSK share’s 52-week high remains $24.72, putting it -213.71% down since that peak but still an impressive 1.9% since price per share fell to its 52-week low of $7.73.

Analysts have given a consensus recommendation of Buy for Cleanspark Inc (CLSK), translating to a mean rating of 1.30. 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.

Cleanspark Inc (NASDAQ:CLSK) trade information

After registering a -3.31% downside in the last session, Cleanspark Inc (CLSK) has traded red over the past five days. The 5-day price performance for the stock is -20.32%, and -23.53% over 30 days. With these gigs, the year-to-date price performance is -14.44%.

The extremes give us $22 and $27 for target low and target high price respectively. As such, CLSK has been trading -242.64% off suggested target high and -179.19% from its likely low.

CLSK Dividends

Cleanspark Inc has its next earnings report out in March. 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

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 Amplify Transformational Data Sharing ETF 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 $29.28 million. Data from the same date shows that the other fund manager holds a little less at 2.38, or 48.74% of the shares, all valued at about 18.72 million.