In the last trading session, 27.47 million shares of the Cleanspark Inc (NASDAQ:CLSK) were traded, and its beta was 4.32. Most recently the company’s share price was $9.86, and it changed around $0.5 or 5.34% from the last close, which brings the market valuation of the company to $2.77B. CLSK currently trades at a discount to its 52-week high of $20.64, offering almost -109.33% off that amount. The share price’s 52-week low was $6.45, which indicates that the current value has risen by an impressive 34.58% since then. We note from Cleanspark Inc’s average daily trading volume that its 10-day average is 30.88 million shares, with the 3-month average coming to 26.55 million.
Cleanspark Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.27. If we narrow it down even further, the data shows that 0 out of 10 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 1 recommended CLSK as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight.
Cleanspark Inc (NASDAQ:CLSK) trade information
Instantly CLSK has showed a green trend with a performance of 5.34% 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 11.04 on recent trading dayincreased the stock’s daily price by 10.69%. The company’s shares are currently up 7.06% year-to-date, but still up 0.20% over the last five days. On the other hand, Cleanspark Inc (NASDAQ:CLSK) is 9.43% up in the 30-day period. We can see from the shorts that 86.81 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 63.48% from its current value. Analyst projections state that CLSK is forecast to be at a low of $22 and a high of $27.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 35.68%.
CLSK Dividends
Cleanspark Inc’s next quarterly earnings report is expected to be released on 2025-May-07.
Cleanspark Inc (NASDAQ:CLSK)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 2.31% of Cleanspark Inc shares, and 63.07% of them are in the hands of institutional investors. The stock currently has a share float of 64.56%. Cleanspark Inc stock is held by 417.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 7.9011% of the shares, which is about 18.07 million shares worth $288.14 million.
VANGUARD GROUP INC, with 6.8833% or 15.74 million shares worth $251.02 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
VANGUARD INDEX FUNDS-Vanguard Extended Market Index Fund and iShares Trust-iShares S&P Small-Cap 600 Growth ETF were the top two Mutual Funds as of Dec 31, 2024 . The former held 3.88 shares worth $38.25 million, making up 79.60% of all outstanding shares. On the other hand, iShares Trust-iShares S&P Small-Cap 600 Growth ETF held roughly 2.48 shares worth around $24.48 million, which represents about 50.95% of the total shares outstanding.
