Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
In the latest session, Cleanspark Inc (NASDAQ: CLSK) closed at $10.28 down -8.05% from its previous closing price of $11.18. In other words, the price has decreased by -$8.05 from its previous closing price. On the day, 22.45 million shares were traded. CLSK stock price reached its highest trading level at $10.951 during the session, while it also had its lowest trading level at $10.205.
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 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, Keefe Bruyette on January 27, 2025, initiated with a Outperform rating and assigned the stock a target price of $19.
On December 10, 2024, JP Morgan Upgraded its rating to Overweight which previously was Neutral and also upped its target price recommendation from $10.50 to $17.
On September 25, 2024, Macquarie started tracking the stock assigning a Outperform rating and target price of $20.Macquarie initiated its Outperform rating on September 25, 2024, with a $20 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 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 2886706176 and an Enterprise Value of 3346231808. As of this moment, Cleanspark’s Price-to-Earnings (P/E) ratio for their current fiscal year is 68.67, and their Forward P/E ratio for the next fiscal year is 9.29. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.17 while its Price-to-Book (P/B) ratio in mrq is 1.43. 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 4.17, which has changed by -0.37366945 over the last 52 weeks, in comparison to a change of 0.21313763 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 $8.04. The 50-Day Moving Average of the stock is -10.02%, while the 200-Day Moving Average is calculated to be -22.30%.
Shares Statistics:
For the past three months, CLSK has traded an average of 33.17M shares per day and 23895280 over the past ten days. A total of 280.81M shares are outstanding, with a floating share count of 272.55M. Insiders hold about 2.94% of the company’s shares, while institutions hold 42.41% stake in the company. Shares short for CLSK as of 1731628800 were 49979327 with a Short Ratio of 2.30, compared to 1728950400 on 50394986. Therefore, it implies a Short% of Shares Outstanding of 49979327 and a Short% of Float of 19.950001.
