Cleanspark Inc [NASDAQ: CLSK] gained 6.23% on the last trading session, reaching $12.61 price per share at the time.
If compared to the average trading volume of 29.41M shares, CLSK reached a trading volume of 29205269 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying 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 $22.50 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 1.60. 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 1.19, with the Price to Sales ratio for CLSK stock in the period of the last 12 months amounting to 9.14. The Price to Book ratio for the last quarter was 2.12, with the Price to Cash per share for the same quarter was set at 2.19.
Trading performance analysis for CLSK stock
Cleanspark Inc [CLSK] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.50. With this latest performance, CLSK shares dropped by -22.06% in over the last four-week period, additionally sinking by -23.25% over the last 6 months – not to mention a rise of 158.93% 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 45.52, with the RSI for the last a single of trading hit 50.18, and the three-weeks RSI is set at 44.36 for Cleanspark Inc [CLSK]. The present Moving Average for the last 50 days of trading for this stock 15.32, while it was recorded at 12.11 for the last single week of trading, and 13.84 for the last 200 days.
Cleanspark Inc [CLSK]: A deeper dive into fundamental analysis
Cleanspark Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 8.94 and a Current Ratio set at 8.94.
Cleanspark Inc [CLSK]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Cleanspark Inc posted -0.63/share EPS, while the average EPS was predicted by analysts to be reported at -0.13/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.5. 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.
An analysis of Institutional ownership at Cleanspark Inc [CLSK]
There are presently around $43.31%, or 44.33%% of CLSK stock, in the hands of institutional investors. The top three institutional holders of CLSK stocks are: BLACKROCK INC. with ownership of 18.07 million shares, which is approximately 8.6318%. VANGUARD GROUP INC, holding 15.74 million shares of the stock with an approximate value of $$251.02 million in CLSK stocks shares; and VANGUARD GROUP INC, currently with $$113.62 million in CLSK stock with ownership which is approximately 3.4037%.
