Cleanspark Inc [NASDAQ: CLSK] surged by $0.77 during the normal trading session on while it closed the day at $17.84.
Cleanspark Inc stock has also gained 12.56% of its value over the past 7 days. However, CLSK stock has inclined by 9.92% in the 3 months of the year. Over the past six months meanwhile, it has gained 159.30% and gained 61.74% year-on date.
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The market cap for CLSK stock reached $4.07 billion, with 227.87 million shares outstanding and 220.35 million shares in the current float. Compared to the average trading volume of 31.07M shares, CLSK reached a trading volume of 32699151 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]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CLSK shares is $24.25 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 1.50. 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 1.60, with the Price to Sales ratio for CLSK stock in the period of the last 12 months amounting to 14.33. The Price to Book ratio for the last quarter was 2.75, 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 53.79 with Quick ratio for the last quarter at 12.48.
CLSK stock trade performance evaluation
Cleanspark Inc [CLSK] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 12.56. With this latest performance, CLSK shares dropped by -8.42% in over the last four-week period, additionally plugging by 159.30% over the last 6 months – not to mention a rise of 155.95% 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 53.77, with the RSI for the last a single of trading hit 54.76, and the three-weeks RSI is set at 52.91 for Cleanspark Inc [CLSK]. The present Moving Average for the last 50 days of trading for this stock 16.86, while it was recorded at 18.41 for the last single week of trading, and 12.66 for the last 200 days.
Cleanspark Inc [CLSK]: An insightful look at the core 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.
Earnings per share (EPS) analysis for Cleanspark Inc [CLSK] stock
With the latest financial reports released by the company, Cleanspark Inc posted 0/share EPS, while the average EPS was predicted by analysts to be reported at -0.17/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 100.00%. 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]: Institutional Ownership
The top three institutional holders of CLSK stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in CLSK stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in CLSK stock with ownership which is approximately 5.1238%.
