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After finishing at $15.94 in the prior trading day, Cleanspark Inc (NASDAQ: CLSK) closed at $16.15, up 1.32%. In other words, the price has increased by $1.32 from its previous closing price. On the day, 24.73 million shares were traded. CLSK stock price reached its highest trading level at $17.38 during the session, while it also had its lowest trading level at $15.93.
Ratios:
Our goal is to gain a better understanding of CLSK by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 20.67 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 66.66. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 3640597504 and an Enterprise Value of 3164748800. For the stock, the TTM Price-to-Sale (P/S) ratio is 16.98 while its Price-to-Book (P/B) ratio in mrq is 3.70. Its current Enterprise Value per Revenue stands at 14.763 whereas that against EBITDA is 52.566.
Stock Price History:
The Beta on a monthly basis for CLSK is 4.18, which has changed by 2.759434 over the last 52 weeks, in comparison to a change of 0.22379243 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 $3.38. The 50-Day Moving Average of the stock is -8.71%, while the 200-Day Moving Average is calculated to be 69.46%.
Shares Statistics:
The stock has traded on average 38.28M shares per day over the past 3-months and 30597820 shares per day over the last 10 days, according to various share statistics. 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 38.02% stake in the company. Shares short for CLSK as of 1713139200 were 31385917 with a Short Ratio of 0.82, compared to 1710460800 on 23202647. Therefore, it implies a Short% of Shares Outstanding of 31385917 and a Short% of Float of 14.299999999999999.
Earnings Estimates
A detailed examination of Cleanspark Inc (CLSK) is currently in progress, with 4.0 analysts providing valuable insights into its market dynamics.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.
