Cleanspark Inc (NASDAQ: CLSK) is 35.81% higher on its value in year-to-date trading and has touched a low of $3.60 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 $17.63 in the last trading session, with the day’s loss setting it -2.65%.
Currently trading at $14.98, the stock is 19.18% and 41.72% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 56.9 million and changing -15.03% at the moment leaves the stock 2.98% off its SMA200. CLSK registered 300.53% gain for a year compared to 6-month loss of -2.47%. The firm has a 50-day simple moving average (SMA 50) of $10.5418 and a 200-day simple moving average (SMA200) of $14.539325.
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The stock witnessed a 38.58% gain in the last 1 month and extending the period to 3 months gives it a 36.31%, and is 41.86% 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 15.38% over the week and 9.87% over the month.
Cleanspark Inc (CLSK) has around 131 employees, a market worth around $3.87B and $342.21M in sales. Fwd P/E is 13.25. Profit margin for the company is -47.31%. Distance from 52-week low is 316.11% and -39.40% from its 52-week high. The company has generated returns on investments over the last 12 months (-11.53%).
The EPS is expected to shrink by -395.62% this year
361.0 institutions hold shares in Cleanspark Inc (CLSK), with institutional investors hold 44.77% of the company’s shares. The shares outstanding are 258.17M, and float is at 249.32M with Short Float at 22.21%. Institutions hold 43.43% 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 Oct 25 ’24 at a price of $11.88 per share for a total of $16038.0. Following the sale, the insider now owns 0.2 million shares.
Still, SEC filings show that on Sep 27 ’24, Monnig Taylor (Chief Technology Officer) disposed off 1,350 shares at an average price of $10.44 for $14094.0. The insider now directly holds 209,652 shares of Cleanspark Inc (CLSK).
