CleanSpark Inc. [CLSK] Stock trading around $4.51 per share: What’s Next?

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CleanSpark Inc. [NASDAQ: CLSK] stock went on an upward path that rose over 2.04% on Monday, amounting to a one-week price increase of more than 7.64%. The company report on September 5, 2023 at 9:00 AM that CleanSpark Releases August 2023 Bitcoin Mining Update.

Bitcoin holdings continue to grow, now at 1,677 BTC.

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Monthly production among industry leaders at 659 bitcoin mined for August.

Over the last 12 months, CLSK stock rose by 11.36%. The one-year CleanSpark Inc. stock forecast points to a potential upside of 59.91. The average equity rating for CLSK stock is currently 1.70, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $721.10 million, with 152.64 million shares outstanding and 149.03 million shares in the current float. Compared to the average trading volume of 11.52M shares, CLSK stock reached a trading volume of 12693497 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on CleanSpark Inc. [CLSK]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CLSK shares is $11.25 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CLSK stock is a recommendation set at 1.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Cantor Fitzgerald have made an estimate for CleanSpark Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on December 09, 2022.

The Average True Range (ATR) for CleanSpark Inc. is set at 0.42, with the Price to Sales ratio for CLSK stock in the period of the last 12 months amounting to 5.07. The Price to Book ratio for the last quarter was 0.86, with the Price to Cash per share for the same quarter was set at 0.14.

CLSK Stock Performance Analysis:

CleanSpark Inc. [CLSK] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.64. With this latest performance, CLSK shares dropped by -17.40% in over the last four-week period, additionally plugging by 84.08% over the last 6 months – not to mention a rise of 11.36% 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 43.77, with the RSI for the last a single of trading hit 45.08, and the three-weeks RSI is set at 44.53 for CleanSpark Inc. [CLSK]. The present Moving Average for the last 50 days of trading for this stock 5.51, while it was recorded at 4.44 for the last single week of trading, and 3.81 for the last 200 days.

Insight into CleanSpark Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and CleanSpark Inc. [CLSK] shares currently have an operating margin of -12.60 and a Gross Margin at +0.25. CleanSpark Inc.’s Net Margin is presently recorded at -30.48.

Return on Total Capital for CLSK is now -4.51, given the latest momentum, and Return on Invested Capital for the company is -11.05. Return on Equity for this stock declined to -11.30, with Return on Assets sitting at -10.41. When it comes to the capital structure of this company, CleanSpark Inc. [CLSK] has a Total Debt to Total Equity ratio set at 5.50. Additionally, CLSK Total Debt to Total Capital is recorded at 5.21, with Total Debt to Total Assets ending up at 4.91. Long-Term Debt to Equity for the company is recorded at 3.48, with the Long-Term Debt to Total Capital now at 3.30.

Reflecting on the efficiency of the workforce at the company, CleanSpark Inc. [CLSK] managed to generate an average of -$308,380 per employee. Receivables Turnover for the company is 99.38 with a Total Asset Turnover recorded at a value of 0.34.CleanSpark Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.40 and a Current Ratio set at 1.40.

CleanSpark Inc. [CLSK] Institutonal Ownership Details

The top three institutional holders of CLSK stocks are: VANGUARD GROUP INC with ownership of 1.31 billion shares, which is approximately 8.2089%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $170.67 trillion in CLSK stocks shares; and BERKSHIRE HATHAWAY INC, currently with $150.98 trillion in CLSK stock with ownership which is approximately 5.7381%.

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