Cleanspark Inc (NASDAQ: CLSK) is 9.55% higher on its value in year-to-date trading and has touched a low of $6.41 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 $10.09 in the last trading session, with the day’s loss setting it 0.0%.
Currently trading at $10.09, the stock is -7.32% and -19.29% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 17.68 million and changing 0.00% at the moment leaves the stock -27.59% off its SMA200. CLSK registered -5.92% loss for a year compared to 6-month loss of -33.53%. The firm has a 50-day simple moving average (SMA 50) of $12.5226 and a 200-day simple moving average (SMA200) of $13.88595.
The stock witnessed a -25.59% gain in the last 1 month and extending the period to 3 months gives it a 12.11%, and is 6.77% 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 8.69% over the week and 8.95% over the month.
Cleanspark Inc (CLSK) has around 270 employees, a market worth around $2.95B and $378.97M in sales. Fwd P/E is 13.57. Profit margin for the company is -39.37%. Distance from 52-week low is 57.41% and -59.18% from its 52-week high. The company has generated returns on investments over the last 12 months (-8.44%).
with sales reaching $149.05M over the same period.The EPS is expected to grow by 145.03% this year, but quarterly earnings will post 96.55% year-over-year. Quarterly sales are estimated to grow 102.00% in year-over-year returns.
Cleanspark Inc (CLSK) Top Institutional Holders
352.0 institutions hold shares in Cleanspark Inc (CLSK), with institutional investors hold 44.94% of the company’s shares. The shares outstanding are 292.56M, and float is at 282.42M with Short Float at 26.81%. Institutions hold 43.59% 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 Dec 27 ’24 at a price of $10.40 per share for a total of $14040.0. Following the sale, the insider now owns 0.2 million shares.
Still, SEC filings show that on Nov 29 ’24, Monnig Taylor (Chief Technology Officer) disposed off 1,350 shares at an average price of $14.35 for $19372.0. The insider now directly holds 202,870 shares of Cleanspark Inc (CLSK).
