In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
The closing price of Cleanspark Inc (NASDAQ: CLSK) was $6.74 for the day, down -9.29% from the previous closing price of $7.43. In other words, the price has decreased by -$9.29 from its previous closing price. On the day, 23.15 million shares were traded.
Ratios:
Our analysis of CLSK’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 12.67 and its Current Ratio is at 12.67. In the meantime, Its Debt-to-Equity ratio is 0.32 whereas as Long-Term Debt/Eq ratio is at 0.32.
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 this company, Needham on February 12, 2025, initiated with a Buy rating and assigned the stock a target price of $20.
On January 27, 2025, Keefe Bruyette started tracking the stock assigning a Outperform rating and target price of $19.
JP Morgan Upgraded its Neutral to Overweight on December 10, 2024, whereas the target price for the stock was revised from $10.50 to $17.
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 Mar 24 ’25 when Wood Thomas Leigh sold 44,444 shares for $8.04 per share. The transaction valued at 357,330 led to the insider holds 126,736 shares of the business.
Wood Thomas Leigh bought 44,444 shares of CLSK for $357,401 on Mar 24 ’25. On Mar 24 ’25, another insider, Cavaleri Amanda, who serves as the Director of the company, sold 13,000 shares for $7.97 each. As a result, the insider received 103,600 and left with 140,289 shares of the company.
Valuation Measures:
As of this moment, Cleanspark’s Price-to-Earnings (P/E) ratio for their current fiscal year is 45.02, and their Forward P/E ratio for the next fiscal year is 8.27. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.05 while its Price-to-Book (P/B) ratio in mrq is 0.94.
Stock Price History:
Over the past 52 weeks, CLSK has reached a high of $21.39, while it has fallen to a 52-week low of $6.45. The 50-Day Moving Average of the stock is -23.39%, while the 200-Day Moving Average is calculated to be -41.52%.
Shares Statistics:
A total of 280.81M shares are outstanding, with a floating share count of 272.24M. Insiders hold about 3.05% of the company’s shares, while institutions hold 52.28% stake in the company.
