Beyond market averages, investors seeking exceptional growth focus on the art of stock selection. The right picks can significantly contribute to the expansion of your 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
The price of Cleanspark Inc (NASDAQ: CLSK) closed at $11.84 in the last session, up 4.50% from day before closing price of $11.33. In other words, the price has increased by $4.50 from its previous closing price. On the day, 21.71 million shares were traded. CLSK stock price reached its highest trading level at $12.04 during the session, while it also had its lowest trading level at $11.18.
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 Jul 26 ’24 when Monnig Taylor sold 1,350 shares for $16.97 per share. The transaction valued at 22,910 led to the insider holds 212,352 shares of the business.
Monnig Taylor bought 1,350 shares of CLSK for $22,910 on Jul 26 ’24. On Jun 28 ’24, another insider, Monnig Taylor, who serves as the Chief Technology Officer of the company, sold 1,350 shares for $16.03 each. As a result, the insider received 21,640 and left with 213,702 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 2937729024 and an Enterprise Value of 2696159744. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.58 while its Price-to-Book (P/B) ratio in mrq is 1.99. Its current Enterprise Value per Revenue stands at 7.879 whereas that against EBITDA is 13.585.
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 -25.14%, while the 200-Day Moving Average is calculated to be -13.01%.
Shares Statistics:
According to the various share statistics, CLSK traded on average about 30.37M shares per day over the past 3-months and 24570300 shares per day over the past 10 days. A total of 248.12M shares are outstanding, with a floating share count of 239.68M. Insiders hold about 3.30% of the company’s shares, while institutions hold 41.78% stake in the company. Shares short for CLSK as of 1722384000 were 37322433 with a Short Ratio of 1.23, compared to 1719532800 on 36721265. Therefore, it implies a Short% of Shares Outstanding of 37322433 and a Short% of Float of 16.259999999999998.
