Cleanspark Inc (NASDAQ:CLSK) has a beta value of 4.11 and has seen 22.92 million shares traded in the last trading session. The company, currently valued at $2.48B, closed the last trade at $8.83 per share which meant it gained $0.68 on the day or 8.34% during that session. The CLSK stock price is -179.95% off its 52-week high price of $24.72 and 18.23% above the 52-week low of $7.22.
The consensus among analysts is that Cleanspark Inc (CLSK) is Buy stock at the moment, with a recommendation rating of 1.30. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 4 have rated it as a Hold, with 4 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.07.
Cleanspark Inc (NASDAQ:CLSK) trade information
Sporting 8.34% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the CLSK stock price touched $8.83 or saw a rise of 1.12%. Year-to-date, Cleanspark Inc shares have moved -4.13%, while the 5-day performance has seen it change 10.51%. Over the past 30 days, the shares of Cleanspark Inc (NASDAQ:CLSK) have changed -14.35%.
Wall Street analysts have a consensus price target for the stock at $27, which means that the shares’ value could jump 67.3% from current levels. The projected low price target is $22.0 while the price target rests at a high of $27.0. In that case, then, we find that the current price level is -205.78% off the targeted high while a plunge would see the stock gain -149.15% from current levels.
Cleanspark Inc (CLSK) estimates and forecasts
The company’s shares have lost -2.11% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 133.03%.
6 analysts offering their estimates for the company have set an average revenue estimate of 197.79M for the current quarter. 6 have an estimated revenue figure of 229.2M for the next ending quarter. Year-ago sales stood 111.8M and 104.11M respectively for this quarter and the next, and analysts expect sales will grow by 76.92% for the current quarter and 133.03% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 35.68% over the past 5 years.
CLSK Dividends
Cleanspark Inc is expected to release its next earnings report in April this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Cleanspark Inc (NASDAQ:CLSK)’s Major holders
The top two institutional holders are BLACKROCK INC. with over 18.07 million shares worth more than $288.14 million. As of 2024-06-30, BLACKROCK INC. held 8.6318% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 15.74 million shares as of 2024-06-30. The firm’s total holdings are worth over $251.02 million and represent 7.5199% of shares outstanding.
