Cleanspark Inc (NASDAQ: CLSK) is 16.59% higher on its value in year-to-date trading and has touched a low of $3.46 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 $11.72 in the last trading session, with the day’s gains setting it 1.14%.
Currently trading at $12.86, the stock is 30.55% and 26.88% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 41.63 million and changing 9.73% at the moment leaves the stock -9.36% off its SMA200. CLSK registered 221.50% gain for a year compared to 6-month loss of -25.23%. The firm has a 50-day simple moving average (SMA 50) of $10.1359 and a 200-day simple moving average (SMA200) of $14.188675.
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The stock witnessed a 42.41% gain in the last 1 month and extending the period to 3 months gives it a -29.07%, and is 34.10% 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 9.30% over the week and 7.42% over the month.
Cleanspark Inc (CLSK) has around 131 employees, a market worth around $3.26B and $342.21M in sales. Fwd P/E is 106.88. Profit margin for the company is -47.31%. Distance from 52-week low is 271.68% and -47.98% from its 52-week high. The company has generated returns on investments over the last 12 months (-11.53%).
with sales reaching $88.56M over the same period.The EPS is expected to shrink by -453.50% this year, but quarterly earnings will post 137.80% year-over-year. Quarterly sales are estimated to grow 68.60% in year-over-year returns.
Cleanspark Inc (CLSK) Top Institutional Holders
351.0 institutions hold shares in Cleanspark Inc (CLSK), with institutional investors hold 43.92% of the company’s shares. The shares outstanding are 253.14M, and float is at 244.46M with Short Float at 18.91%. Institutions hold 42.66% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 18.07 million shares valued at $288.14 million. The investor’s holdings represent 8.6318% of the CLSK Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 15.74 million shares valued at $251.02 million to account for 7.5199 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 7.12 million shares representing 3.4037% and valued at over $113.62 million, while STATE STREET CORP holds 2.7774 of the shares totaling 5.81 million with a market value of $92.71 million.
Cleanspark Inc (CLSK) Insider Activity
The most recent transaction is an insider sale by Monnig Taylor, the company’s Chief Technology Officer. SEC filings show that Monnig Taylor sold 1,350 shares of the company’s common stock on Sep 27 ’24 at a price of $10.44 per share for a total of $14094.0. Following the sale, the insider now owns 0.21 million shares.
Still, SEC filings show that on Sep 12 ’24, Wood Thomas Leigh (Director) disposed off 22,222 shares at an average price of $9.24 for $0.21 million. The insider now directly holds 137,050 shares of Cleanspark Inc (CLSK).
