Cleanspark Inc [NASDAQ: CLSK] stock went on a downward path that fall over -1.42% on Friday, amounting to a one-week price increase of more than 13.67%.
Over the last 12 months, CLSK stock rose by 356.44%. The one-year Cleanspark Inc stock forecast points to a potential upside of 26.45. The average equity rating for CLSK stock is currently 1.50, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $4.04 billion, with 227.87 million shares outstanding and 220.35 million shares in the current float. Compared to the average trading volume of 31.37M shares, CLSK stock reached a trading volume of 36362763 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 $24.08 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 1.50. 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.
JP Morgan have made an estimate for Cleanspark Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on December 08, 2023. While these analysts kept the previous recommendation, Bernstein raised their target price to Outperform. The new note on the price target was released on October 31, 2023, representing the official price target for Cleanspark Inc stock. Previously, the target price had yet another raise to $5.50, while JP Morgan analysts kept a Overweight rating on CLSK stock.
The Average True Range (ATR) for Cleanspark Inc is set at 1.59, with the Price to Sales ratio for CLSK stock in the period of the last 12 months amounting to 14.23. The Price to Book ratio for the last quarter was 2.73, with the Price to Cash per share for the same quarter was set at 2.99. Price to Free Cash Flow for CLSK in the course of the last twelve months was 53.39 with Quick ratio for the last quarter at 12.48.
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 13.67. With this latest performance, CLSK shares gained by 3.45% in over the last four-week period, additionally plugging by 72.78% over the last 6 months – not to mention a rise of 356.44% 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 56.15, with the RSI for the last a single of trading hit 61.02, and the three-weeks RSI is set at 53.87 for Cleanspark Inc [CLSK]. The present Moving Average for the last 50 days of trading for this stock 16.70, while it was recorded at 16.91 for the last single week of trading, and 11.19 for the last 200 days.
Insight into Cleanspark Inc Fundamentals:
Cleanspark Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 12.48 and a Current Ratio set at 12.50.
Cleanspark Inc [CLSK] Institutonal Ownership Details
The top three institutional holders of CLSK stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in CLSK stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in CLSK stock with ownership which is approximately 5.8386%.