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As of close of business last night, Cleanspark Inc’s stock clocked out at $14.98, down -15.03% from its previous closing price of $17.63. In other words, the price has decreased by -$15.03 from its previous closing price. On the day, 56.9 million shares were traded. CLSK stock price reached its highest trading level at $17.9699 during the session, while it also had its lowest trading level at $14.81.
Ratios:
To gain a deeper understanding of CLSK’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 8.94 and its Current Ratio is at 8.94. 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 this company, Macquarie on September 25, 2024, initiated with a Outperform rating and assigned the stock a target price of $20.
On December 08, 2023, JP Morgan Downgraded its rating to Neutral which previously was Overweight and also lowered its target price recommendation from $9 to $8.
On October 31, 2023, Bernstein started tracking the stock assigning a Outperform rating and target price of $5.30.Bernstein initiated its Outperform rating on October 31, 2023, with a $5.30 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 Oct 25 ’24 when Monnig Taylor sold 1,350 shares for $11.88 per share. The transaction valued at 16,038 led to the insider holds 204,220 shares of the business.
Monnig Taylor bought 1,350 shares of CLSK for $16,039 on Oct 25 ’24. On Sep 27 ’24, another insider, Monnig Taylor, who serves as the Chief Technology Officer of the company, sold 1,350 shares for $10.44 each. As a result, the insider received 14,094 and left with 209,652 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 3867341568 and an Enterprise Value of 3601794560. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.30 while its Price-to-Book (P/B) ratio in mrq is 2.52. Its current Enterprise Value per Revenue stands at 10.525 whereas that against EBITDA is 18.148.
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 $3.60. The 50-Day Moving Average of the stock is 41.72%, while the 200-Day Moving Average is calculated to be 2.98%.
Shares Statistics:
It appears that CLSK traded 25.42M shares on average per day over the past three months and 33669530 shares per day over the past ten days. A total of 258.17M shares are outstanding, with a floating share count of 249.32M. Insiders hold about 3.43% of the company’s shares, while institutions hold 42.10% stake in the company. Shares short for CLSK as of 1730332800 were 55378196 with a Short Ratio of 2.18, compared to 1727654400 on 46235586. Therefore, it implies a Short% of Shares Outstanding of 55378196 and a Short% of Float of 22.1.
