Market Watch: Cleanspark Inc (CLSK)’s Noteworthy Drop, Closing at 15.55

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As of close of business last night, Cleanspark Inc’s stock clocked out at $15.55, down -0.13% from its previous closing price of $15.57. In other words, the price has decreased by -$0.13 from its previous closing price. On the day, 25.08 million shares were traded. CLSK stock price reached its highest trading level at $17.1 during the session, while it also had its lowest trading level at $15.41.

Ratios:

To gain a deeper understanding of CLSK’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.14 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 46.38. For the most recent quarter (mrq), Quick Ratio is recorded 12.48 and its Current Ratio is at 12.50. 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:

Investing in insider trades can also provide an investor with insight into how management views future 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 3543378432 and an Enterprise Value of 3235976448. As of this moment, Cleanspark’s Price-to-Earnings (P/E) ratio for their current fiscal year is 116.92, and their Forward P/E ratio for the next fiscal year is 9.43. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.36 while its Price-to-Book (P/B) ratio in mrq is 2.40. Its current Enterprise Value per Revenue stands at 11.409 whereas that against EBITDA is 14.453.

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 -11.01%, while the 200-Day Moving Average is calculated to be 58.16%.

Shares Statistics:

It appears that CLSK traded 37.17M shares on average per day over the past three months and 25344440 shares per day over the past ten days. A total of 225.42M shares are outstanding, with a floating share count of 216.86M. Insiders hold about 3.80% of the company’s shares, while institutions hold 41.84% stake in the company. Shares short for CLSK as of 1714435200 were 34108871 with a Short Ratio of 0.92, compared to 1711584000 on 26255923. Therefore, it implies a Short% of Shares Outstanding of 34108871 and a Short% of Float of 15.540000000000001.

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