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The price of Cleanspark Inc (NASDAQ: CLSK) closed at $9.34 in the last session, down -7.80% from day before closing price of $10.13. In other words, the price has decreased by -$7.80 from its previous closing price. On the day, 20.82 million shares were traded. CLSK stock price reached its highest trading level at $9.83 during the session, while it also had its lowest trading level at $9.22.
Ratios:
We take a closer look at CLSK’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 8.94 and its Current Ratio is at 8.94. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.00.
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 this company, Macquarie on September 25, 2024, initiated with a Outperform rating and assigned the stock a target price of $20.
On December 08, 2023, JP Morgan Downgraded its rating to Neutral which previously was Overweight and also lowered its target price recommendation from $9 to $8.
On October 31, 2023, Bernstein started tracking the stock assigning a Outperform rating and target price of $5.30.Bernstein initiated its Outperform rating on October 31, 2023, with a $5.30 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Sep 27 ’24 when Monnig Taylor sold 1,350 shares for $10.44 per share. The transaction valued at 14,094 led to the insider holds 209,652 shares of the business.
Monnig Taylor bought 1,350 shares of CLSK for $14,094 on Sep 27 ’24. On Sep 12 ’24, another insider, Wood Thomas Leigh, who serves as the Director of the company, sold 22,222 shares for $9.24 each. As a result, the insider received 205,331 and left with 137,050 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CLSK now has a Market Capitalization of 2565642240 and an Enterprise Value of 2202402816. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.91 while its Price-to-Book (P/B) ratio in mrq is 1.57. Its current Enterprise Value per Revenue stands at 6.436 whereas that against EBITDA is 11.097.
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 $3.38. The 50-Day Moving Average of the stock is -20.27%, while the 200-Day Moving Average is calculated to be -34.58%.
Shares Statistics:
According to the various share statistics, CLSK traded on average about 25.17M shares per day over the past 3-months and 21757680 shares per day over the past 10 days. A total of 253.14M shares are outstanding, with a floating share count of 244.79M. Insiders hold about 3.30% of the company’s shares, while institutions hold 41.08% stake in the company. Shares short for CLSK as of 1726185600 were 45039101 with a Short Ratio of 1.79, compared to 1723680000 on 38186835. Therefore, it implies a Short% of Shares Outstanding of 45039101 and a Short% of Float of 18.35.
