compared to its average ratio and a 36-month beta value of 3.03. Analysts have mixed views on the stock, with 5 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
The average price point forecasted by analysts for Cleanspark Inc (CLSK) is $9.97, which is $6.03 above the current market price. The public float for CLSK is 144.98M, and currently, short sellers hold a 9.45% ratio of that float. The average trading volume of CLSK on November 20, 2023 was 12.89M shares.
CLSK) stock’s latest price update
The stock of Cleanspark Inc (NASDAQ: CLSK) has increased by 2.60 when compared to last closing price of 3.84.Despite this, the company has seen a gain of 5.35% in its stock price over the last five trading days. Zacks Investment Research reported 2023-11-13 that In the latest trading session, CleanSpark (CLSK) closed at $3.81, marking a +1.87% move from the previous day.
CLSK’s Market Performance
Cleanspark Inc (CLSK) has seen a 5.35% rise in stock performance for the week, with a 1.81% gain in the past month and a -20.56% plunge in the past quarter. The volatility ratio for the week is 8.13%, and the volatility levels for the past 30 days are at 10.54% for CLSK. The simple moving average for the past 20 days is -5.13% for CLSK’s stock, with a -5.39% simple moving average for the past 200 days.
Analysts’ Opinion of CLSK
Many brokerage firms have already submitted their reports for CLSK stocks, with Bernstein repeating the rating for CLSK by listing it as a “Outperform.” The predicted price for CLSK in the upcoming period, according to Bernstein is $5.30 based on the research report published on October 31, 2023 of the current year 2023.
CLSK Trading at -2.41% from the 50-Day Moving Average
After a stumble in the market that brought CLSK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -48.15% of loss for the given period.
Volatility was left at 10.54%, however, over the last 30 days, the volatility rate increased by 8.13%, as shares surge +0.51% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.45% lower at present.
During the last 5 trading sessions, CLSK rose by +5.35%, which changed the moving average for the period of 200-days by +8.24% in comparison to the 20-day moving average, which settled at $4.15. In addition, Cleanspark Inc saw 93.14% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at CLSK starting from Vecchiarelli Gary Anthony, who purchase 19,400 shares at the price of $1.78 back on Dec 16. After this action, Vecchiarelli Gary Anthony now owns 147,157 shares of Cleanspark Inc, valued at $34,532 using the latest closing price.
Stock Fundamentals for CLSK
Current profitability levels for the company are sitting at:
- -12.60 for the present operating margin
- +0.25 for the gross margin
The net margin for Cleanspark Inc stands at -30.48. The total capital return value is set at -4.51, while invested capital returns managed to touch -11.05. Equity return is now at value -21.20, with -19.54 for asset returns.
Based on Cleanspark Inc (CLSK), the company’s capital structure generated 5.50 points at debt to equity in total, while total debt to capital is 5.21. Total debt to assets is 4.91, with long-term debt to equity ratio resting at 3.48. Finally, the long-term debt to capital ratio is 3.30.
When we switch over and look at the enterprise to sales, we see a ratio of 4.16, with the company’s debt to enterprise value settled at 0.18. The receivables turnover for the company is 99.38 and the total asset turnover is 0.34. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.49.
To put it simply, Cleanspark Inc (CLSK) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.