Cleanspark Inc [NASDAQ: CLSK] stock went on a downward path that fall over -1.59% on Friday, amounting to a one-week price decrease of less than -7.33%.
Over the last 12 months, CLSK stock dropped by -34.40%. The one-year Cleanspark Inc stock forecast points to a potential upside of 54.99. The average equity rating for CLSK stock is currently 1.30, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $2.95 billion, with 280.81 million shares outstanding and 272.15 million shares in the current float. Compared to the average trading volume of 31.29M shares, CLSK stock reached a trading volume of 18943553 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 $23.33 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 1.30. 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.
Needham have made an estimate for Cleanspark Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on February 12, 2025. While these analysts kept the previous recommendation, Keefe Bruyette raised their target price to Outperform. The new note on the price target was released on January 27, 2025, representing the official price target for Cleanspark Inc stock. Previously, the target price had yet another raise from $10.50 to $17, while JP Morgan kept a Overweight rating on CLSK stock.
The Average True Range (ATR) for Cleanspark Inc is set at 0.89, with the Price to Sales ratio for CLSK stock in the period of the last 12 months amounting to 6.31. The Price to Book ratio for the last quarter was 1.46, with the Price to Cash per share for the same quarter was set at 4.31.
CLSK Stock Performance Analysis:
Cleanspark Inc [CLSK] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.33. With this latest performance, CLSK shares dropped by -6.25% in over the last four-week period, additionally sinking by -5.23% over the last 6 months – not to mention a drop of -34.40% 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 47.24, with the RSI for the last a single of trading hit 46.98, and the three-weeks RSI is set at 47.29 for Cleanspark Inc [CLSK]. The present Moving Average for the last 50 days of trading for this stock 11.20, while it was recorded at 10.63 for the last single week of trading, and 13.10 for the last 200 days.
Insight into Cleanspark Inc Fundamentals:
Cleanspark Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 12.67 and a Current Ratio set at 12.67.
Cleanspark Inc [CLSK] Institutonal Ownership Details
There are presently around $54.14%, or 55.42%% 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 3.1156%.
