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Cleanspark Inc (CLSK) Stock Could Soon Reward Patient Investors

Cleanspark Inc (NASDAQ: CLSK) is 39.26% higher on its value in year-to-date trading and has touched a low of $3.38 and a high of $24.72 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 $15.55 in the last trading session, with the day’s loss setting it -0.19%.

Currently trading at $15.36, the stock is -10.04% and -11.86% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 22.64 million and changing -1.22% at the moment leaves the stock 55.46% off its SMA200. CLSK registered 258.88% gain for a year compared to 6-month gain of 310.70%.

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The stock witnessed a 4.56% loss in the last 1 month and extending the period to 3 months gives it a -3.34%, and is -7.13% down 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 10.15% over the week and 9.84% over the month.

Cleanspark Inc (CLSK) has around 131 employees, a market worth around $3.50B and $283.63M in sales. Current P/E ratio is 115.49 and Fwd P/E is 9.32. Profit margin for the company is 21.20%. Distance from 52-week low is 354.44% and -37.86% from its 52-week high. The company has generated returns on investments over the last 12 months (4.09%).

The EPS is expected to grow by 274.39% this year.

Cleanspark Inc (CLSK) Top Institutional Holders

The shares outstanding are 227.87M, and float is at 219.21M with Short Float at 15.56%.

Cleanspark Inc (CLSK) Insider Activity

The most recent transaction is an insider sale by Schultz S. Matthew,the company’sExecutive Chairman. SEC filings show that Schultz S. Matthew sold 367,000 shares of the company’s common stock on Mar 27 ’24 at a price of $23.07 per share for a total of $8.47 million. Following the sale, the insider now owns 2.3 million shares.

Cleanspark Inc disclosed in a document filed with the SEC on Mar 21 ’24 that Bradford Zachary (CEO and President) sold a total of 443,000 shares of the company’s common stock. The trade occurred on Mar 21 ’24 and was made at $20.31 per share for $9.0 million. Following the transaction, the insider now directly holds 2.8 million shares of the CLSK stock.

Still, SEC filings show that on Feb 27 ’24, Schultz S. Matthew (Executive Chairman) disposed off 322,400 shares at an average price of $20.95 for $6.75 million. The insider now directly holds 2,698,768 shares of Cleanspark Inc (CLSK).

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