What shareholders can do to beat the market with CleanSpark Inc. (CLSK) stock

In the latest session, CleanSpark Inc. (NASDAQ: CLSK) closed at $2.02 down -11.40% from its previous closing price of $2.28. In other words, the price has decreased by -$0.2600 from its previous closing price. On the day, 3337302 shares were traded. CLSK stock price reached its highest trading level at $2.2575 during the session, while it also had its lowest trading level at $2.0100.

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Ratios:

For a deeper understanding of CleanSpark Inc.’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.50 and its Current Ratio is at 1.50. In the meantime, Its Debt-to-Equity ratio is 0.05 whereas as Long-Term Debt/Eq ratio is at 0.04.

Upgrades & Downgrades

On June 03, 2022, Chardan Capital Markets started tracking the stock assigning a Buy rating and target price of $12.

Insider Transactions:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Feb 17 when Vecchiarelli Gary Anthony bought 4,400 shares for $10.25 per share. The transaction valued at 45,100 led to the insider holds 77,757 shares of the business.

Vecchiarelli Gary Anthony bought 3,357 shares of CLSK for $37,531 on Feb 16. The Chief Financial Officer now owns 73,357 shares after completing the transaction at $11.18 per share. On Feb 14, another insider, Wood Thomas Leigh, who serves as the Director of the company, bought 15,000 shares for $8.70 each. As a result, the insider paid 130,500 and bolstered with 60,196 shares of the company.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 0.69 while its Price-to-Book (P/B) ratio in mrq is 0.22.

Stock Price History:

Over the past 52 weeks, CLSK has reached a high of $18.66, while it has fallen to a 52-week low of $2.26. The 50-Day Moving Average of the stock is 3.1799, while the 200-Day Moving Average is calculated to be 6.0066.

Shares Statistics:

For the past three months, CLSK has traded an average of 2.79M shares per day and 3.26M over the past ten days. A total of 47.10M shares are outstanding, with a floating share count of 41.33M. Insiders hold about 9.90% of the company’s shares, while institutions hold 36.60% stake in the company. Shares short for CLSK as of Oct 13, 2022 were 6.75M with a Short Ratio of 6.44M, compared to 6.19M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 14.33% and a Short% of Float of 14.83%.

Earnings Estimates

There are 3 different market analysts currently analyzing its stock. On average, analysts expect EPS of -$0.39 for the current quarter, with a high estimate of -$0.37 and a low estimate of -$0.4, while EPS last year was -$0.15. The consensus estimate for the next quarter is -$0.23, with high estimates of -$0.23 and low estimates of -$0.24.

Analysts are recommending an EPS of between -$0.44 and -$0.47 for the fiscal current year, implying an average EPS of -$0.45. EPS for the following year is -$0.56, with 3 analysts recommending between $0.24 and -$1.8.

Revenue Estimates

A total of 3 analysts believe the company’s revenue will be $24.87M this quarter.It ranges from a high estimate of $25.7M to a low estimate of $24.3M. As of the current estimate, CleanSpark Inc.’s year-ago sales were $27.14M, an estimated decrease of -8.40% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $36.7M, a decrease of -11.20% less than the figure of -$8.40% in the same quarter last year. There is a high estimate of $38.4M for the next quarter, whereas the lowest estimate is $34.1M.

A total of 3 analysts have provided revenue estimates for CLSK’s current fiscal year. The highest revenue estimate was $139.57M, while the lowest revenue estimate was $138.3M, resulting in an average revenue estimate of $138.82M. In the same quarter a year ago, actual revenue was $49.44M, up 180.80% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $225.03M in the next fiscal year. The high estimate is $237.09M and the low estimate is $217.8M. The average revenue growth estimate for next year is up 62.10% from the average revenue estimate for this year.