Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
The price of Cleanspark Inc (NASDAQ: CLSK) closed at $8.26 in the last session, up 3.51% from day before closing price of $7.98. In other words, the price has increased by $3.51 from its previous closing price. On the day, 21.39 million shares were traded.
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 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:
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 Feb 14 ’25 when Monnig Taylor sold 239 shares for $10.64 per share. The transaction valued at 2,543 led to the insider holds 201,281 shares of the business.
Schultz S. Matthew sold 9,010 shares of CLSK for $95,861 on Feb 14 ’25. The Executive Chairman now owns 2,450,010 shares after completing the transaction at $10.64 per share. On Feb 14 ’25, another insider, Garrison Scott Eugene, who serves as the Chief Operating Officer of the company, sold 1,337 shares for $10.64 each. As a result, the insider received 14,225 and left with 196,059 shares of the company.
Valuation Measures:
As of this moment, Cleanspark’s Price-to-Earnings (P/E) ratio for their current fiscal year is 55.18, and their Forward P/E ratio for the next fiscal year is 6.76. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.96 while its Price-to-Book (P/B) ratio in mrq is 1.15.
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 $7.22. The 50-Day Moving Average of the stock is -16.89%, while the 200-Day Moving Average is calculated to be -33.72%.
Shares Statistics:
A total of 280.81M shares are outstanding, with a floating share count of 272.18M. Insiders hold about 3.07% of the company’s shares, while institutions hold 52.18% stake in the company.
