Financial Snapshot: Analyzing Cleanspark Inc (CLSK)’s Key Ratio Metrics

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The closing price of Cleanspark Inc (NASDAQ: CLSK) was $15.58 for the day, down -4.59% from the previous closing price of $16.33. In other words, the price has decreased by -$4.59 from its previous closing price. On the day, 44.41 million shares were traded. CLSK stock price reached its highest trading level at $17.96 during the session, while it also had its lowest trading level at $15.565.


Our analysis of CLSK’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.21 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 46.97. For the most recent quarter (mrq), Quick Ratio is recorded 12.48 and its Current Ratio is at 12.50. 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:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on May 31 ’24 when Monnig Taylor sold 1,350 shares for $16.65 per share. The transaction valued at 22,477 led to the insider holds 215,052 shares of the business.

Schultz S. Matthew sold 367,000 shares of CLSK for $8,466,690 on Mar 27 ’24. The Executive Chairman now owns 2,298,975 shares after completing the transaction at $23.07 per share. On Mar 21 ’24, another insider, Bradford Zachary, who serves as the CEO and President of the company, sold 443,000 shares for $20.31 each. As a result, the insider received 8,997,330 and left with 2,795,863 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 3550214656 and an Enterprise Value of 3242812672. As of this moment, Cleanspark’s Price-to-Earnings (P/E) ratio for their current fiscal year is 117.14, and their Forward P/E ratio for the next fiscal year is 47.14. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.52 while its Price-to-Book (P/B) ratio in mrq is 2.40. Its current Enterprise Value per Revenue stands at 11.433 whereas that against EBITDA is 14.483.

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 -7.98%, while the 200-Day Moving Average is calculated to be 43.87%.

Shares Statistics:

CLSK traded an average of 31.92M shares per day over the past three months and 30299790 shares per day over the past ten days. A total of 227.87M shares are outstanding, with a floating share count of 220.26M. Insiders hold about 3.34% of the company’s shares, while institutions hold 43.87% stake in the company. Shares short for CLSK as of 1715731200 were 38163125 with a Short Ratio of 1.20, compared to 1713139200 on 31385917. Therefore, it implies a Short% of Shares Outstanding of 38163125 and a Short% of Float of 17.2.

Earnings Estimates

A comprehensive evaluation of Cleanspark Inc (CLSK) is underway, with the input of 5.0 analysts contributing to its current rating.On average, analysts expect EPS of $0.0 for the current quarter, with a high estimate of $0.13 and a low estimate of -$0.05, while EPS last year was $0. The consensus estimate for the next quarter is -$0.09, with high estimates of $0.01 and low estimates of -$0.23.

Analysts are recommending an EPS of between $1.4 and $0.4 for the fiscal current year, implying an average EPS of $0.76. EPS for the following year is $0.05, with 4.0 analysts recommending between $0.9 and -$0.61.

Revenue Estimates

For the next quarter, 5 analysts are estimating revenue of $109.26M. There is a high estimate of $153.12M for the next quarter, whereas the lowest estimate is $77.8M.

A total of 6 analysts have provided revenue estimates for CLSK’s current fiscal year. The highest revenue estimate was $484.71M, while the lowest revenue estimate was $359.6M, resulting in an average revenue estimate of $419.36M. In the same quarter a year ago, actual revenue was $168.41MBased on 6 analysts’ estimates, the company’s revenue will be $768.52M in the next fiscal year. The high estimate is $1.31B and the low estimate is $501M.

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