Cleanspark Inc (NASDAQ: CLSK) closed the day trading at $16.91 down -16.45% from the previous closing price of $20.24. In other words, the price has decreased by -$3.33 from its previous closing price. On the day, 46339242 shares were traded.
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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 19.01 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 61.33. 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 Feb 27 ’24 when Schultz S. Matthew sold 322,400 shares for $20.95 per share. The transaction valued at 6,754,280 led to the insider holds 2,698,768 shares of the business.
Vecchiarelli Gary Anthony sold 26,244 shares of CLSK for $549,287 on Feb 27 ’24. The Chief Financial Officer now owns 554,391 shares after completing the transaction at $20.93 per share. On Feb 14 ’24, another insider, Beynon Roger Paul, who serves as the Director of the company, sold 10,976 shares for $17.85 each. As a result, the insider received 195,922 and left with 141,381 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 4.01B and an Enterprise Value of 3.85B. For the stock, the TTM Price-to-Sale (P/S) ratio is 15.62 while its Price-to-Book (P/B) ratio in mrq is 3.87. Its current Enterprise Value per Revenue stands at 17.79 whereas that against EBITDA is 63.74.
Stock Price History:
Over the past 52 weeks, CLSK has reached a high of $23.45, while it has fallen to a 52-week low of $2.04. The 50-Day Moving Average of the stock is 12.33, while the 200-Day Moving Average is calculated to be 7.09.
Shares Statistics:
Over the past 3-months, CLSK traded about 33.77M shares per day on average, while over the past 10 days, CLSK traded about 54.63M shares per day. A total of 198.06M shares are outstanding, with a floating share count of 190.04M. Insiders hold about 4.05% of the company’s shares, while institutions hold 43.58% stake in the company. Shares short for CLSK as of Feb 15, 2024 were 24.56M with a Short Ratio of 0.73, compared to 18.86M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 12.40% and a Short% of Float of 12.79%.
Earnings Estimates
Current recommendations for the stock of the company come from 2 analysts. On average, analysts expect EPS of -$0.07 for the current quarter, with a high estimate of -$0.02 and a low estimate of -$0.12, while EPS last year was -$0.23. The consensus estimate for the next quarter is -$0.09, with high estimates of -$0.05 and low estimates of -$0.13.
Analysts are recommending an EPS of between $2.4 and -$0.54 for the fiscal current year, implying an average EPS of $0.66. EPS for the following year is $0.87, with 2 analysts recommending between $1.48 and $0.26.
Revenue Estimates
A total of 3 analysts have provided revenue estimates for CLSK’s current fiscal year. The highest revenue estimate was $376M, while the lowest revenue estimate was $338.9M, resulting in an average revenue estimate of $358.37M. In the same quarter a year ago, actual revenue was $168.41M, up 112.80% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $542.94M in the next fiscal year. The high estimate is $691.02M and the low estimate is $430M. The average revenue growth estimate for next year is up 51.50% from the average revenue estimate for this year.
