In the past week, CLSK stock has gone up by 11.80%, with a monthly decline of -16.79% and a quarterly surge of 140.07%. The volatility ratio for the week is 10.46%, and the volatility levels for the last 30 days are 9.81% for Cleanspark Inc The simple moving average for the past 20 days is 13.98% for CLSK’s stock, with a 107.32% simple moving average for the past 200 days.
Is It Worth Investing in Cleanspark Inc (NASDAQ: CLSK) Right Now?
Company’s 36-month beta value is 4.05.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for CLSK is 217.30M, and currently, short sellers hold a 14.44% ratio of that floaft. The average trading volume of CLSK on April 29, 2024 was 38.23M shares.
CLSK) stock’s latest price update
The stock of Cleanspark Inc (NASDAQ: CLSK) has decreased by -1.59 when compared to last closing price of 19.54. Despite this, the company has experienced a 11.80% gain in its stock price over the last five trading sessions. The Motley Fool reported 2024-04-27 that Coinbase Global, CleanSpark, and MicroStrategy have all been soaring in value since the start of last year. These companies all have varying exposure to crypto, with some being much riskier stocks than others.
Analysts’ Opinion of CLSK
Many brokerage firms have already submitted their reports for CLSK stocks, with JP Morgan repeating the rating for CLSK by listing it as a “Neutral.” The predicted price for CLSK in the upcoming period, according to JP Morgan is $8 based on the research report published on December 08, 2023 of the previous year 2023.
Bernstein, on the other hand, stated in their research note that they expect to see CLSK reach a price target of $5.30. The rating they have provided for CLSK stocks is “Outperform” according to the report published on October 31st, 2023.
JP Morgan gave a rating of “Overweight” to CLSK, setting the target price at $5.50 in the report published on October 11th of the previous year.
CLSK Trading at 8.74% 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 -22.21% of loss for the given period.
Volatility was left at 9.81%, however, over the last 30 days, the volatility rate increased by 10.46%, as shares sank -9.34% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.73% upper at present.
During the last 5 trading sessions, CLSK rose by +11.80%, which changed the moving average for the period of 200-days by +190.48% in comparison to the 20-day moving average, which settled at $16.77. In addition, Cleanspark Inc saw 74.34% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CLSK starting from Schultz S. Matthew, who sale 367,000 shares at the price of $23.07 back on Mar 27 ’24. After this action, Schultz S. Matthew now owns 2,298,975 shares of Cleanspark Inc, valued at $8,466,690 using the latest closing price.
Bradford Zachary, the CEO and President of Cleanspark Inc, sale 443,000 shares at $20.31 during a trade that took place back on Mar 21 ’24, which means that Bradford Zachary is holding 2,795,863 shares at $8,997,330 based on the most recent closing price.
Stock Fundamentals for CLSK
Current profitability levels for the company are sitting at:
- -0.35 for the present operating margin
- 0.43 for the gross margin
The net margin for Cleanspark Inc stands at -0.38. The total capital return value is set at -0.09. Equity return is now at value -12.24, with -11.23 for asset returns.
Based on Cleanspark Inc (CLSK), the company’s capital structure generated 0.02 points at debt to capital in total, while cash flow to debt ratio is standing at -0.12. The debt to equity ratio resting at 0.02. The interest coverage ratio of the stock is -48.52.
Currently, EBITDA for the company is -2.09 million with net debt to EBITDA at -0.54. When we switch over and look at the enterprise to sales, we see a ratio of 20.15. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.29.
Conclusion
In a nutshell, Cleanspark Inc (CLSK) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
