In the last trading session, 37.6 million shares of the Cleanspark Inc (NASDAQ:CLSK) were traded, and its beta was 4.11. Most recently the company’s share price was $8.79, and it changed around $1.35 or 18.15% from the last close, which brings the market valuation of the company to $2.47B. CLSK currently trades at a discount to its 52-week high of $24.72, offering almost -181.23% off that amount. The share price’s 52-week low was $7.22, which indicates that the current value has risen by an impressive 17.86% since then. We note from Cleanspark Inc’s average daily trading volume that its 10-day average is 29.95 million shares, with the 3-month average coming to 24.42 million.
Cleanspark Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.30. If we narrow it down even further, the data shows that 0 out of 9 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 1 recommended CLSK as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight. Cleanspark Inc is expected to report earnings per share of 0.07 for the current quarter.
Cleanspark Inc (NASDAQ:CLSK) trade information
Instantly CLSK has showed a green trend with a performance of 18.15% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 8.87 on recent trading dayincreased the stock’s daily price by 0.9%. The company’s shares are currently down -4.56% year-to-date, but still up 8.25% over the last five days. On the other hand, Cleanspark Inc (NASDAQ:CLSK) is -4.97% down in the 30-day period. We can see from the shorts that 79.7 million shares have been sold at a short interest cover period of 3.54 day(s).
The consensus price target as assigned by Wall Street analysts is $27, which translates to bulls needing to increase their stock price by 67.44% from its current value. Analyst projections state that CLSK is forecast to be at a low of $22 and a high of $27.
Cleanspark Inc (CLSK) estimates and forecasts
The year-over-year growth rate is expected to be 126.42%, up from the previous year. Consensus estimates provided by 7 financial analysts predict the company will bring in an average of 197.46M in revenue for the current quarter. 7 analysts expect Cleanspark Inc to make 228.28M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 111.8M and 104.11M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 76.62%. Forecasts for the next quarter put sales growth at 119.27%. Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 35.68%.
Cleanspark Inc (NASDAQ:CLSK)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 2.32% of Cleanspark Inc shares, and 54.21% of them are in the hands of institutional investors. The stock currently has a share float of 55.50%. Cleanspark Inc stock is held by 371.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 8.6318% of the shares, which is about 18.07 million shares worth $288.14 million.
VANGUARD GROUP INC, with 7.5199% or 15.74 million shares worth $251.02 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Extended Market Index Fund and Fidelity Small Cap Index Fund were the top two Mutual Funds as of Dec 31, 2024 . The former held 3.88 shares worth $34.1 million, making up 79.60% of all outstanding shares. On the other hand, Fidelity Small Cap Index Fund held roughly 2.5 shares worth around $21.99 million, which represents about 51.33% of the total shares outstanding.
