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The price of Cleanspark Inc (NASDAQ: CLSK) closed at $9.17 in the last session, up 2.00% from day before closing price of $8.99. In other words, the price has increased by $2.00 from its previous closing price. On the day, 17.01 million shares were traded. CLSK stock price reached its highest trading level at $9.35 during the session, while it also had its lowest trading level at $8.95.
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 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:
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 12 ’24 when Wood Thomas Leigh sold 22,222 shares for $9.24 per share. The transaction valued at 205,331 led to the insider holds 137,050 shares of the business.
Wood Thomas Leigh bought 22,222 shares of CLSK for $205,322 on Sep 12 ’24. On Aug 30 ’24, another insider, Monnig Taylor, who serves as the Chief Technology Officer of the company, sold 1,350 shares for $10.77 each. As a result, the insider received 14,540 and left with 211,002 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 2321257216 and an Enterprise Value of 2115560960. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.78 while its Price-to-Book (P/B) ratio in mrq is 1.54. Its current Enterprise Value per Revenue stands at 6.182 whereas that against EBITDA is 10.659.
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 -26.93%, while the 200-Day Moving Average is calculated to be -35.74%.
Shares Statistics:
According to the various share statistics, CLSK traded on average about 25.47M shares per day over the past 3-months and 17761470 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 41.06% stake in the company. Shares short for CLSK as of 1724976000 were 41423237 with a Short Ratio of 1.63, compared to 1722384000 on 37322433. Therefore, it implies a Short% of Shares Outstanding of 41423237 and a Short% of Float of 17.1.
