In the last trading session, 23.62 million Cleanspark Inc (NASDAQ:CLSK) shares changed hands as the company’s beta touched 4.32. With the company’s per share price at $8.57 changed hands at -$0.44 or -4.88% during last session, the market valuation stood at $2.41B. CLSK’s last price was a discount, traded about -140.84% off its 52-week high of $20.64. The share price had its 52-week low at $6.45, which suggests the last value was 24.74% up since then. When we look at Cleanspark Inc’s average trading volume, we note the 10-day average is 26.19 million shares, with the 3-month average coming to 25.06 million.
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 at the end of in last trading. With action 14.73%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -6.95%, with the 5-day performance at 14.73% in the green. However, in the 30-day time frame, Cleanspark Inc (NASDAQ:CLSK) is 9.24% up. Looking at the short shares, we see there were 90.71 million shares sold at short interest cover period of 3.34 days.
The consensus price target for the stock as assigned by Wall Street analysts is 27, meaning bulls need an upside of 68.26% from its current 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 -215.05% plunge from its current level, while the stock would need to soar -156.71% for it to hit the projected low.
Cleanspark Inc (CLSK) estimates and forecasts
Year-over-year growth is forecast to reach 120.20% up from the last financial year.
Consensus estimates given by 7 financial analysts project the company’s revenue in the current quarter to hit an average of 195.59M. 7 analysts are of the opinion that Cleanspark Inc’s revenue for the current quarter will be 215.52M. 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 74.95%. The estimates for the next quarter sales put growth at 107.02%.
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 257.56%.
CLSK Dividends
Cleanspark Inc is expected to release its next quarterly earnings report on 2025-Feb-05.
Cleanspark Inc (NASDAQ:CLSK)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 2.32% of Cleanspark Inc shares while 53.30% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 54.57%. There are 53.30% institutions holding the Cleanspark Inc stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 7.9011% of the shares, roughly 18.07 million CLSK shares worth $288.14 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 6.8833% or 15.74 million shares worth $251.02 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were VANGUARD INDEX FUNDS-Vanguard Extended Market Index Fund and iShares Trust-iShares S&P Small-Cap 600 Growth ETF . With 3.88 shares estimated at $33.24 million under it, the former controlled 79.60% of total outstanding shares. On the other hand, iShares Trust-iShares S&P Small-Cap 600 Growth ETF held about 52.04% of the shares, roughly 2.54 shares worth around $21.73 million.
