The stock has a 36-month beta value of 4.21. Opinions on the stock are mixed, with 3 analysts rating it as a “buy,” 2 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for CLSK is 245.38M, and at present, short sellers hold a 16.88% of that float. On September 13, 2024, the average trading volume of CLSK was 26.87M shares.
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CLSK) stock’s latest price update
Cleanspark Inc (NASDAQ: CLSK)’s stock price has plunge by 2.11relation to previous closing price of 9.25. Nevertheless, the company has seen a 16.76% surge in its stock price over the last five trading sessions. zacks.com reported 2024-09-12 that Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock’s price, do they really matter?
CLSK’s Market Performance
Cleanspark Inc (CLSK) has seen a 16.76% rise in stock performance for the week, with a -14.05% decline in the past month and a -47.42% plunge in the past quarter. The volatility ratio for the week is 8.11%, and the volatility levels for the past 30 days are at 7.27% for CLSK. The simple moving average for the past 20 days is -10.31% for CLSK’s stock, with a -33.51% simple moving average for the past 200 days.
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 -29.09% 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 -61.79% of loss for the given period.
Volatility was left at 7.27%, however, over the last 30 days, the volatility rate increased by 8.11%, as shares sank -16.68% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -41.55% lower at present.
During the last 5 trading sessions, CLSK rose by +16.69%, which changed the moving average for the period of 200-days by +69.18% in comparison to the 20-day moving average, which settled at $10.44. In addition, Cleanspark Inc saw -14.37% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CLSK starting from Wood Thomas Leigh, who sale 22,222 shares at the price of $9.24 back on Sep 12 ’24. After this action, Wood Thomas Leigh now owns 137,050 shares of Cleanspark Inc, valued at $205,331 using the latest closing price.
Wood Thomas Leigh, the Director of Cleanspark Inc, proposed sale 22,222 shares at $9.24 during a trade that took place back on Sep 12 ’24, which means that Wood Thomas Leigh is holding shares at $205,322 based on the most recent closing price.
Stock Fundamentals for CLSK
Current profitability levels for the company are sitting at:
- -0.1 for the present operating margin
- 0.23 for the gross margin
The net margin for Cleanspark Inc stands at -0.46. The total capital return value is set at -0.02. Equity return is now at value -15.25, with -14.38 for asset returns.
Based on Cleanspark Inc (CLSK), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at -17.4. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is -30.67.
Currently, EBITDA for the company is -2.09 million with net debt to EBITDA at -0.88. When we switch over and look at the enterprise to sales, we see a ratio of 6.73. The receivables turnover for the company is 7.4for trailing twelve months and the total asset turnover is 0.23. The liquidity ratio also appears to be rather interesting for investors as it stands at 8.94.
Conclusion
To sum up, Cleanspark Inc (CLSK) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing 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.
