Cleanspark Inc (NASDAQ: CLSK) closed the day trading at $14.85 down -6.43% from the previous closing price of $15.87. On the day, 28270842 shares were traded.
Ratios:
For a better understanding of CLSK, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 19.00 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 61.30. For the most recent quarter (mrq), Quick Ratio is recorded 4.27 and its Current Ratio is at 4.29. In the meantime, Its Debt-to-Equity ratio is 0.02 whereas as Long-Term Debt/Eq ratio is at 0.01.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, JP Morgan on December 08, 2023, Downgraded its rating to Neutral and sets its target price to $8 from $9 previously.
On October 31, 2023, Bernstein started tracking the stock assigning a Outperform rating and target price of $5.30.
On October 11, 2023, JP Morgan started tracking the stock assigning a Overweight rating and target price of $5.50.JP Morgan initiated its Overweight rating on October 11, 2023, with a $5.50 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 27 ’24 when Schultz S. Matthew sold 367,000 shares for $23.07 per share. The transaction valued at 8,466,690 led to the insider holds 2,298,975 shares of the business.
Bradford Zachary sold 443,000 shares of CLSK for $8,997,330 on Mar 21 ’24. The CEO and President now owns 2,795,863 shares after completing the transaction at $20.31 per share. On Feb 27 ’24, another insider, Schultz S. Matthew, who serves as the Executive Chairman of the company, sold 322,400 shares for $20.95 each. As a result, the insider received 6,754,280 and left with 2,698,768 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 15.61 while its Price-to-Book (P/B) ratio in mrq is 3.40.
Stock Price History:
Over the past 52 weeks, CLSK has reached a high of $24.72, while it has fallen to a 52-week low of $3.04.
Shares Statistics:
A total of 225.42M shares are outstanding, with a floating share count of 217.30M. Insiders hold about 3.60% of the company’s shares, while institutions hold 38.41% stake in the company.
Earnings Estimates
Current recommendations for the stock of the company come from CleanSpark, Inc. analysts. The consensus estimate for the next quarter is $44.74, with high estimates of $16.02 and low estimates of $1.25.
Analysts are recommending an EPS of between $Financial Services and $Healthcare for the fiscal current year, implying an average EPS of $Technology.
