For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
In the latest session, Cleanspark Inc (NASDAQ: CLSK) closed at $10.69 down -1.11% from its previous closing price of $10.81. In other words, the price has decreased by -$1.11 from its previous closing price. On the day, 15.63 million shares were traded. CLSK stock price reached its highest trading level at $10.96 during the session, while it also had its lowest trading level at $10.62.
Ratios:
For a deeper understanding of Cleanspark Inc’s stock, let’s take a closer look at its various ratios. 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:
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 Aug 30 ’24 when Monnig Taylor sold 1,350 shares for $10.77 per share. The transaction valued at 14,540 led to the insider holds 211,002 shares of the business.
Monnig Taylor bought 1,350 shares of CLSK for $14,539 on Aug 30 ’24. On Jul 26 ’24, another insider, Monnig Taylor, who serves as the Chief Technology Officer of the company, sold 1,350 shares for $16.97 each. As a result, the insider received 22,910 and left with 212,352 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 2652392192 and an Enterprise Value of 2537363456. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.75 while its Price-to-Book (P/B) ratio in mrq is 1.80. Its current Enterprise Value per Revenue stands at 7.415 whereas that against EBITDA is 12.785.
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 -27.45%, while the 200-Day Moving Average is calculated to be -23.60%.
Shares Statistics:
For the past three months, CLSK has traded an average of 28.64M shares per day and 19511550 over the past ten days. A total of 248.12M shares are outstanding, with a floating share count of 239.89M. Insiders hold about 3.32% of the company’s shares, while institutions hold 41.79% stake in the company. Shares short for CLSK as of 1723680000 were 38186835 with a Short Ratio of 1.33, compared to 1721001600 on 36758545. Therefore, it implies a Short% of Shares Outstanding of 38186835 and a Short% of Float of 15.770000000000001.
Earnings Estimates
As of right now, 3.0 analysts gave their recommendation on the stock of the company. The consensus estimate for the next quarter is $0.05, with high estimates of $0.36 and low estimates of -$0.11.
Analysts are recommending an EPS of between $1.4 and -$0.49 for the fiscal current year, implying an average EPS of $0.2. EPS for the following year is $1.03, with 3.0 analysts recommending between $3.43 and -$0.44.
Revenue Estimates
A total of 3 analysts believe the company’s revenue will be $94.6M this quarter.It ranges from a high estimate of $106.6M to a low estimate of $85.5M. As of the current estimate, Cleanspark Inc’s year-ago sales were $52.52MFor the next quarter, 3 analysts are estimating revenue of $125.7M. There is a high estimate of $139.8M for the next quarter, whereas the lowest estimate is $107M.
A total of 3 analysts have provided revenue estimates for CLSK’s current fiscal year. The highest revenue estimate was $396.3M, while the lowest revenue estimate was $375.2M, resulting in an average revenue estimate of $384.3M. In the same quarter a year ago, actual revenue was $168.41MBased on 3 analysts’ estimates, the company’s revenue will be $700.47M in the next fiscal year. The high estimate is $915.3M and the low estimate is $507.1M.
