Cleanspark Inc (NASDAQ: CLSK) is 79.42% 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 $18.30 in the last trading session, with the day’s gains setting it 1.49%.
Currently trading at $19.79, the stock is 17.77% and 18.48% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 49.04 million and changing 8.14% at the moment leaves the stock 60.07% off its SMA200. CLSK registered 186.81% gain for a year compared to 6-month gain of 143.12%.
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The stock witnessed a 10.16% loss in the last 1 month and extending the period to 3 months gives it a 34.72%, and is 30.03% 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 8.03% over the week and 7.85% over the month.
Cleanspark Inc (CLSK) has around 131 employees, a market worth around $4.51B and $283.63M in sales. Current P/E ratio is 148.80 and Fwd P/E is 201.71. Profit margin for the company is 21.20%. Distance from 52-week low is 485.50% and -19.94% from its 52-week high. The company has generated returns on investments over the last 12 months (4.09%).
with sales reaching $110.88M over the same period.The EPS is expected to grow by 286.82% this year, but quarterly earnings will post 151.50% year-over-year.
Cleanspark Inc (CLSK) Top Institutional Holders
The shares outstanding are 227.87M, and float is at 220.35M with Short Float at 16.66%.
Cleanspark Inc (CLSK) Insider Activity
The most recent transaction is an insider sale by Monnig Taylor,the company’sChief Technology Officer. SEC filings show that Monnig Taylor sold 1,350 shares of the company’s common stock on Jun 28 ’24 at a price of $16.03 per share for a total of $21640.0. Following the sale, the insider now owns 0.21 million shares.
Cleanspark Inc disclosed in a document filed with the SEC on May 31 ’24 that Monnig Taylor (Chief Technology Officer) sold a total of 1,350 shares of the company’s common stock. The trade occurred on May 31 ’24 and was made at $16.65 per share for $22477.0. Following the transaction, the insider now directly holds 0.22 million shares of the CLSK stock.
Still, SEC filings show that on Mar 27 ’24, Schultz S. Matthew (Executive Chairman) disposed off 367,000 shares at an average price of $23.07 for $8.47 million. The insider now directly holds 2,298,975 shares of Cleanspark Inc (CLSK).
