Cleanspark Inc (NASDAQ: CLSK) is 110.24% higher on its value in year-to-date trading and has touched a low of $2.38 and a high of $24.08 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CLSK stock was last observed hovering at around $23.40 in the last trading session, with the day’s loss setting it -0.21%.
Currently trading at $23.19, the stock is 28.24% and 66.20% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 30.29 million and changing -0.90% at the moment leaves the stock 194.94% off its SMA200. CLSK registered 762.08% gain for a year compared to 6-month gain of 499.22%. The firm has a 50-day simple moving average (SMA 50) of $20.50 and a 200-day simple moving average (SMA200) of $73.41.
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The stock witnessed a 13.96% loss in the last 1 month and extending the period to 3 months gives it a 95.04%, and is 40.63% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 13.88% over the week and 15.61% over the month.
Cleanspark Inc (CLSK) has around 131 employees, a market worth around $4.59B and $214.38M in sales. Fwd P/E is 15.34. Profit margin for the company is -38.36%. Distance from 52-week low is 874.37% and -3.70% from its 52-week high. The company has generated returns on investments over the last 12 months (-10.05%).
Cleanspark Inc quarterly earnings per share for the current quarter are estimated at -$0.02 with sales reaching $98.62M over the same period.The EPS is expected to grow by 189.00% this year, but quarterly earnings will post 142.70% year-over-year.
Cleanspark Inc (CLSK) Top Institutional Holders
245 institutions hold shares in Cleanspark Inc (CLSK), with institutional investors hold 45.88% of the company’s shares. The shares outstanding are 198.06M, and float is at 190.53M with Short Float at 12.97%. Institutions hold 44.57% of the Float.
The top institutional shareholder in the company is Toroso Investments, LLC with over 3.89 million shares valued at $16.7 million. The investor’s holdings represent 79.86% of the CLSK Shares outstanding. As of Jun 29, 2023, the second largest holder is Millennium Management Llc with 3.46 million shares valued at $14.83 million to account for 70.92% of the shares outstanding. The other top investors are Geode Capital Management, LLC which holds 2.24 million shares representing 45.92% and valued at over $9.6 million, while Renaissance Technologies, LLC holds 45.21% of the shares totaling 2.2 million with a market value of $9.45 million.
Cleanspark Inc (CLSK) Insider Activity
The most recent transaction is an insider sale by Bradford Zachary,the company’sCEO and President. SEC filings show that Bradford Zachary sold 443,000 shares of the company’s common stock on Mar 21 ’24 at a price of $20.31 per share for a total of $9.0 million. Following the sale, the insider now owns 2.8 million shares.
Cleanspark Inc disclosed in a document filed with the SEC on Feb 27 ’24 that Schultz S. Matthew (Executive Chairman) sold a total of 322,400 shares of the company’s common stock. The trade occurred on Feb 27 ’24 and was made at $20.95 per share for $6.75 million. Following the transaction, the insider now directly holds 2.7 million shares of the CLSK stock.
Still, SEC filings show that on Feb 27 ’24, Vecchiarelli Gary Anthony (Chief Financial Officer) disposed off 26,244 shares at an average price of $20.93 for $0.55 million. The insider now directly holds 554,391 shares of Cleanspark Inc (CLSK).
