During the last session, Cleanspark Inc (NASDAQ:CLSK)’s traded shares were 22.81 million, with the beta value of the company hitting 4.14. At the end of the trading day, the stock’s price was $8.55, reflecting an intraday gain of 10.18% or $0.79. The 52-week high for the CLSK share is $24.72, that puts it down -189.12 from that peak though still a striking 15.56% gain since the share price plummeted to a 52-week low of $7.22. The company’s market capitalization is $2.40B, and the average trade volume was 27.39 million shares over the past three months.
Cleanspark Inc (CLSK) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.30. CLSK has a Sell rating from 0 analyst(s) out of 4 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 4 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.07.
Cleanspark Inc (NASDAQ:CLSK) trade information
Cleanspark Inc (CLSK) registered a 10.18% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 10.18% in intraday trading to $8.55, hitting a weekly high. The stock’s 5-day price performance is 8.50%, and it has moved by -19.26% in 30 days. Based on these gigs, the overall price performance for the year is -48.86%.
The consensus price target of analysts on Wall Street is $27, which implies an increase of 68.33% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $22 and $27 respectively. As a result, CLSK is trading at a discount of -215.79% off the target high and -157.31% off the low.
Cleanspark Inc (CLSK) estimates and forecasts
In the rating firms’ projections, revenue will increase 133.03% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 197.79M as predicted by 6 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to 229.2M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 111.8M and 104.11M respectively. In this case, analysts expect current quarter sales to grow by 76.92% and then jump by 120.16% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 35.68%. While earnings are projected to return 269.21% in 2025.
CLSK Dividends
Cleanspark Inc is due to release its next quarterly earnings in April. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
The next largest institutional holding, with 15.74 million shares, is of VANGUARD GROUP INC’s that is approximately 7.5199% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $251.02 million.
Also, the Mutual Funds coming in first place with the largest holdings of Cleanspark Inc (CLSK) shares are Vanguard Extended Market Index Fund and Amplify Transformational Data Sharing ETF . Data provided on Sep 30, 2024 indicates that Vanguard Extended Market Index Fund owns about 3.72 shares. This amounts to just over 76.26 percent of the company’s overall shares, with a $31.77 million market value. The same data shows that the other fund manager holds slightly less at 2.38, or about 48.74% of the stock, which is worth about $20.31 million.
