Cleanspark Inc [NASDAQ: CLSK] plunged by -$0.31 during the normal trading session on while it closed the day at $12.02.
Cleanspark Inc stock has also loss -19.71% of its value over the past 7 days. However, CLSK stock has inclined by 28.14% in the 3 months of the year. Over the past six months meanwhile, it has lost -33.09% and gained 8.98% year-on date.
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The market cap for CLSK stock reached $3.43 billion, with 292.56 million shares outstanding and 282.78 million shares in the current float. Compared to the average trading volume of 32.69M shares, CLSK reached a trading volume of 65664051 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 $24.29 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 1.38. 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 Overweight, with their previous recommendation back on December 10, 2024. While these analysts kept the previous recommendation, Macquarie raised their target price to Outperform. The new note on the price target was released on September 25, 2024, representing the official price target for Cleanspark Inc stock. Previously, the target price had yet another drop from $9 to $8, while JP Morgan kept a Neutral rating on CLSK stock.
The Average True Range (ATR) for Cleanspark Inc is set at 1.48, with the Price to Sales ratio for CLSK stock in the period of the last 12 months amounting to 9.05. The Price to Book ratio for the last quarter was 1.85, with the Price to Cash per share for the same quarter was set at 1.95.
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 -19.71. With this latest performance, CLSK shares dropped by -19.76% in over the last four-week period, additionally sinking by -33.09% over the last 6 months – not to mention a rise of 36.98% 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 43.35, with the RSI for the last a single of trading hit 37.59, and the three-weeks RSI is set at 46.36 for Cleanspark Inc [CLSK]. The present Moving Average for the last 50 days of trading for this stock 12.53, while it was recorded at 12.74 for the last single week of trading, and 14.53 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 3.74 and a Current Ratio set at 3.74.
Cleanspark Inc [CLSK]: Institutional Ownership
There are presently around $43.59%, or 44.94%% 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%.
