Cleanspark Inc (NASDAQ: CLSK) is 7.38% higher on its value in year-to-date trading and has touched a low of $8.04 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 $10.08 in the last trading session, with the day’s loss setting it -0.19%.
Currently trading at $9.89, the stock is -6.99% and -10.35% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 14.55 million and changing -1.88% at the moment leaves the stock -24.06% off its SMA200. CLSK registered -44.59% loss for a year compared to 6-month gain of -12.71%.
The stock witnessed a -16.68% loss in the last 1 month and extending the period to 3 months gives it a -29.26%, and is -3.79% 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 5.00% over the week and 7.65% over the month.
Cleanspark Inc (CLSK) has around 270 employees, a market worth around $2.78B and $467.49M in sales. Current P/E ratio is 66.07 and Fwd P/E is 12.07. Profit margin for the company is 14.36%. Distance from 52-week low is 23.01% and -59.99% from its 52-week high. The company has generated returns on investments over the last 12 months (2.52%).
with sales reaching $204.15M over the same period.The EPS is expected to grow by 264.86% this year, but quarterly earnings will post 141.59% year-over-year. Quarterly sales are estimated to grow 82.60% in year-over-year returns.
The shares outstanding are 280.81M, and float is at 272.15M with Short Float at 27.32%.
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 3.1156 and valued at over $113.62 million, while GEODE CAPITAL MANAGEMENT, LLC holds 2.6826 of the shares totaling 5.61 million with a market value of $89.57 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 239 shares of the company’s common stock on Feb 14 ’25 at a price of $10.64 per share for a total of $2543.0. Following the sale, the insider now owns 0.2 million shares.
Cleanspark Inc disclosed in a document filed with the SEC on Feb 14 ’25 that Schultz S. Matthew (Executive Chairman) sold a total of 9,010 shares of the company’s common stock. The trade occurred on Feb 14 ’25 and was made at $10.64 per share for $95861.0. Following the transaction, the insider now directly holds 2.45 million shares of the CLSK stock.
Still, SEC filings show that on Feb 14 ’25, Garrison Scott Eugene (Chief Operating Officer) disposed off 1,337 shares at an average price of $10.64 for $14225.0. The insider now directly holds 196,059 shares of Cleanspark Inc (CLSK).
