In the latest session, Cleanspark Inc (NASDAQ: CLSK) closed at $23.19 down -0.90% from its previous closing price of $23.40. On the day, 30285978 shares were traded.
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Ratios:
For a deeper understanding of Cleanspark Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 26.07 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 84.11. 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:
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 Mar 21 ’24 when Bradford Zachary sold 443,000 shares for $20.31 per share. The transaction valued at 8,997,330 led to the insider holds 2,795,863 shares of the business.
Schultz S. Matthew sold 322,400 shares of CLSK for $6,754,280 on Feb 27 ’24. The Executive Chairman now owns 2,698,768 shares after completing the transaction at $20.95 per share. On Feb 27 ’24, another insider, Vecchiarelli Gary Anthony, who serves as the Chief Financial Officer of the company, sold 26,244 shares for $20.93 each. As a result, the insider received 549,287 and left with 554,391 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 4.59B and an Enterprise Value of 4.43B. For the stock, the TTM Price-to-Sale (P/S) ratio is 21.42 while its Price-to-Book (P/B) ratio in mrq is 5.31. Its current Enterprise Value per Revenue stands at 20.50 whereas that against EBITDA is 73.41.
Stock Price History:
Over the past 52 weeks, CLSK has reached a high of $24.08, while it has fallen to a 52-week low of $2.38. The 50-Day Moving Average of the stock is 14.25, while the 200-Day Moving Average is calculated to be 7.96.
Shares Statistics:
For the past three months, CLSK has traded an average of 35.51M shares per day and 37.69M over the past ten days. A total of 198.06M shares are outstanding, with a floating share count of 190.53M. Insiders hold about 3.81% of the company’s shares, while institutions hold 43.59% stake in the company. Shares short for CLSK as of Feb 29, 2024 were 24.71M with a Short Ratio of 0.70, compared to 24.42M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 12.47% and a Short% of Float of 12.86%.
Earnings Estimates
There are 3 different market analysts currently analyzing its stock. On average, analysts expect EPS of -$0.02 for the current quarter, with a high estimate of $0.07 and a low estimate of -$0.12, while EPS last year was -$0.23. The consensus estimate for the next quarter is -$0.03, with high estimates of $0.08 and low estimates of -$0.13.
Analysts are recommending an EPS of between $1.4 and -$0.54 for the fiscal current year, implying an average EPS of $0.32. EPS for the following year is $0.59, with 3 analysts recommending between $1.48 and $0.04.
Revenue Estimates
A total of 5 analysts have provided revenue estimates for CLSK’s current fiscal year. The highest revenue estimate was $484.71M, while the lowest revenue estimate was $338.9M, resulting in an average revenue estimate of $408.67M. In the same quarter a year ago, actual revenue was $168.41M, up 142.70% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $749.67M in the next fiscal year. The high estimate is $1.31B and the low estimate is $430M. The average revenue growth estimate for next year is up 83.40% from the average revenue estimate for this year.
