Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
The price of Cleanspark Inc (NASDAQ: CLSK) closed at $20.73 in the last session, up 8.59% from day before closing price of $19.09. In other words, the price has increased by $8.59 from its previous closing price. On the day, 39.55 million shares were traded. CLSK stock price reached its highest trading level at $21.05 during the session, while it also had its lowest trading level at $18.615.
Ratios:
We take a closer look at CLSK’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 26.53 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 85.57. For the most recent quarter (mrq), Quick Ratio is recorded 4.27 and its Current Ratio is at 4.29. In the meantime, Its Debt-to-Equity ratio is 0.02 whereas as Long-Term Debt/Eq ratio is at 0.01.
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 Mar 27 ’24 when Schultz S. Matthew sold 367,000 shares for $23.07 per share. The transaction valued at 8,466,690 led to the insider holds 2,298,975 shares of the business.
Bradford Zachary sold 443,000 shares of CLSK for $8,997,330 on Mar 21 ’24. The CEO and President now owns 2,795,863 shares after completing the transaction at $20.31 per share. On Feb 27 ’24, another insider, Schultz S. Matthew, who serves as the Executive Chairman of the company, sold 322,400 shares for $20.95 each. As a result, the insider received 6,754,280 and left with 2,698,768 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 4673039360 and an Enterprise Value of 3747059200. For the stock, the TTM Price-to-Sale (P/S) ratio is 21.80 while its Price-to-Book (P/B) ratio in mrq is 4.75. Its current Enterprise Value per Revenue stands at 17.479 whereas that against EBITDA is 62.238.
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 $3.33. The 50-Day Moving Average of the stock is 19.14%, while the 200-Day Moving Average is calculated to be 128.58%.
Shares Statistics:
According to the various share statistics, CLSK traded on average about 37.39M shares per day over the past 3-months and 33474120 shares per day over the past 10 days. A total of 225.42M shares are outstanding, with a floating share count of 217.30M. Insiders hold about 3.60% of the company’s shares, while institutions hold 38.39% stake in the company. Shares short for CLSK as of 1711584000 were 26255923 with a Short Ratio of 0.70, compared to 1709164800 on 24706979. Therefore, it implies a Short% of Shares Outstanding of 26255923 and a Short% of Float of 11.959999999999999.
Earnings Estimates
As of right now, 4.0 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.04 for the current quarter, with a high estimate of $0.09 and a low estimate of $0.0, while EPS last year was -$0.23. The consensus estimate for the next quarter is $0.08, with high estimates of $0.39 and low estimates of -$0.13.
Analysts are recommending an EPS of between $1.4 and -$0.14 for the fiscal current year, implying an average EPS of $0.48. EPS for the following year is $1.31, with 4.0 analysts recommending between $3.68 and -$0.18.
Revenue Estimates
For the next quarter, 5 analysts are estimating revenue of $114.52M. There is a high estimate of $164M for the next quarter, whereas the lowest estimate is $81.8M.
A total of 6 analysts have provided revenue estimates for CLSK’s current fiscal year. The highest revenue estimate was $538M, while the lowest revenue estimate was $338.9M, resulting in an average revenue estimate of $426.49M. In the same quarter a year ago, actual revenue was $168.41MBased on 6 analysts’ estimates, the company’s revenue will be $791.03M in the next fiscal year. The high estimate is $1.31B and the low estimate is $459.2M.
