CleanSpark Inc. [NASDAQ: CLSK] plunged by -$3.07 during the normal trading session on Monday and reaching a high of $19.18 during the day while it closed the day at $16.23. The company report on May 7, 2021 that CleanSpark, Inc. Reports Quarterly Financial Results for the Quarter Ended March 31, 2021.
CleanSpark Achieves Profitability.
Three-month revenue increased 122% to $8.1 million from one year ago quarter.
CleanSpark Inc. stock has also loss -21.78% of its value over the past 7 days. However, CLSK stock has declined by -53.19% in the 3 months of the year. Over the past six months meanwhile, it has gained 74.52% and lost -44.13% year-on date.
The market cap for CLSK stock reached $519.04 million, with 22.15 million shares outstanding and 21.35 million shares in the current float. Compared to the average trading volume of 2.64M shares, CLSK reached a trading volume of 3295976 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about CleanSpark Inc. [CLSK]:
BTIG Research have made an estimate for CleanSpark Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on March 11, 2021. While these analysts kept the previous recommendation, H.C. Wainwright raised their target price from $24 to $50. The new note on the price target was released on February 16, 2021, representing the official price target for CleanSpark Inc. stock. Previously, the target price had yet another raise from $18 to $24, while H.C. Wainwright kept a Buy rating on CLSK stock.
The Average True Range (ATR) for CleanSpark Inc. is set at 1.95, with the Price to Sales ratio for CLSK stock in the period of the last 12 months amounting to 45.93. The Price to Book ratio for the last quarter was 4.99, with the Price to Cash per share for the same quarter was set at 0.82.
CLSK stock trade performance evaluation
CleanSpark Inc. [CLSK] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -21.78. With this latest performance, CLSK shares dropped by -26.53% in over the last four-week period, additionally plugging by 74.52% over the last 6 months – not to mention a rise of 754.21% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CLSK stock in for the last two-week period is set at 35.90, with the RSI for the last a single of trading hit 30.69, and the three-weeks RSI is set at 39.34 for CleanSpark Inc. [CLSK]. The present Moving Average for the last 50 days of trading for this stock 22.28, while it was recorded at 18.53 for the last single week of trading, and 17.85 for the last 200 days.
CleanSpark Inc. [CLSK]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and CleanSpark Inc. [CLSK] shares currently have an operating margin of -151.00 and a Gross Margin at -75.07. CleanSpark Inc.’s Net Margin is presently recorded at -232.79.
Return on Total Capital for CLSK is now -77.66, given the latest momentum, and Return on Invested Capital for the company is -120.06. Return on Equity for this stock declined to -132.23, with Return on Assets sitting at -102.01. When it comes to the capital structure of this company, CleanSpark Inc. [CLSK] has a Total Debt to Total Equity ratio set at 3.49. Additionally, CLSK Total Debt to Total Capital is recorded at 3.37, with Total Debt to Total Assets ending up at 2.56. Long-Term Debt to Equity for the company is recorded at 3.23, with the Long-Term Debt to Total Capital now at 3.12.
Reflecting on the efficiency of the workforce at the company, CleanSpark Inc. [CLSK] managed to generate an average of -$376,551 per employee. Receivables Turnover for the company is 10.63 with a Total Asset Turnover recorded at a value of 0.44.CleanSpark Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 7.20 and a Current Ratio set at 7.20.
Earnings per share (EPS) analysis for CleanSpark Inc. [CLSK] stock
With the latest financial reports released by the company, CleanSpark Inc. posted -0.77/share EPS, while the average EPS was predicted by analysts to be reported at -1.03/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 25.20%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CLSK.
CleanSpark Inc. [CLSK]: Insider Ownership positions
There are presently around $77 million, or 14.30% of CLSK stock, in the hands of institutional investors. The top three institutional holders of CLSK stocks are: VANGUARD GROUP INC with ownership of 963,509, which is approximately 18.15% of the company’s market cap and around 2.80% of the total institutional ownership; SUSQUEHANNA INTERNATIONAL GROUP, LLP, holding 774,227 shares of the stock with an approximate value of $14.94 million in CLSK stocks shares; and BLACKROCK INC., currently with $10.33 million in CLSK stock with ownership of nearly 54.723% of the company’s market capitalization.
Positions in CleanSpark Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 46 institutional holders increased their position in CleanSpark Inc. [NASDAQ:CLSK] by around 2,191,834 shares. Additionally, 10 investors decreased positions by around 604,915 shares, while 11 investors held positions by with 1,206,029 shares. The mentioned changes placed institutional holdings at 4,002,778 shares, according to the latest SEC report filing. CLSK stock had 31 new institutional investments in for a total of 753,027 shares, while 5 institutional investors sold positions of 305,786 shares during the same period.