Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
The price of Cleanspark Inc (NASDAQ: CLSK) closed at $10.96 in the last session, down -7.67% from day before closing price of $11.87. In other words, the price has decreased by -$7.67 from its previous closing price. On the day, 33.28 million shares were traded. CLSK stock price reached its highest trading level at $12.17 during the session, while it also had its lowest trading level at $10.68.
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 3.74 and its Current Ratio is at 3.74. In the meantime, Its Debt-to-Equity ratio is 0.04 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 10, 2024, Upgraded its rating to Overweight and sets its target price to $17 from $10.50 previously.
On September 25, 2024, Macquarie started tracking the stock assigning a Outperform rating and target price of $20.
JP Morgan Downgraded its Overweight to Neutral on December 08, 2023, whereas the target price for the stock was revised from $9 to $8.
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 Dec 27 ’24 when Monnig Taylor sold 1,350 shares for $10.40 per share. The transaction valued at 14,040 led to the insider holds 201,520 shares of the business.
Monnig Taylor bought 1,350 shares of CLSK for $14,040 on Dec 27 ’24. On Nov 29 ’24, another insider, Monnig Taylor, who serves as the Chief Technology Officer of the company, sold 1,350 shares for $14.35 each. As a result, the insider received 19,372 and left with 202,870 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 3333111296 and an Enterprise Value of 3346231808. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.46 while its Price-to-Book (P/B) ratio in mrq is 1.69. Its current Enterprise Value per Revenue stands at 9.778 whereas that against EBITDA is 16.86.
Stock Price History:
The Beta on a monthly basis for CLSK is 4.26, which has changed by 0.69814014 over the last 52 weeks, in comparison to a change of 0.23171377 over the same period for the S&P500. Over the past 52 weeks, CLSK has reached a high of $24.72, while it has fallen to a 52-week low of $6.41. The 50-Day Moving Average of the stock is -12.06%, while the 200-Day Moving Average is calculated to be -19.60%.
Shares Statistics:
According to the various share statistics, CLSK traded on average about 35.46M shares per day over the past 3-months and 22910490 shares per day over the past 10 days. A total of 292.56M shares are outstanding, with a floating share count of 283.96M. Insiders hold about 2.94% of the company’s shares, while institutions hold 39.02% stake in the company. Shares short for CLSK as of 1731628800 were 49979327 with a Short Ratio of 2.14, compared to 1728950400 on 50394986. Therefore, it implies a Short% of Shares Outstanding of 49979327 and a Short% of Float of 19.950001.
Earnings Estimates
Current recommendations for the stock of the company come from 1.0 analysts. The consensus estimate for the next quarter is $0.03, with high estimates of $0.03 and low estimates of $0.03.
Analysts are recommending an EPS of between $0.06 and $0.06 for the fiscal current year, implying an average EPS of $0.06. EPS for the following year is $0.54, with 1.0 analysts recommending between $0.54 and $0.54.
Revenue Estimates
According to 5 analysts, the current quarter’s revenue is expected to be $149.05M. It ranges from a high estimate of $161.8M to a low estimate of $132.19M. As of the current estimate, Cleanspark Inc’s year-ago sales were $73.79MFor the next quarter, 5 analysts are estimating revenue of $189.75M. There is a high estimate of $250.9M for the next quarter, whereas the lowest estimate is $158.62M.
A total of 5 analysts have provided revenue estimates for CLSK’s current fiscal year. The highest revenue estimate was $836.39M, while the lowest revenue estimate was $659.48M, resulting in an average revenue estimate of $744.87M. In the same quarter a year ago, actual revenue was $378.97MBased on 5 analysts’ estimates, the company’s revenue will be $992.99M in the next fiscal year. The high estimate is $1.13B and the low estimate is $804.58M.
