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After finishing at $12.69 in the prior trading day, Cleanspark Inc (NASDAQ: CLSK) closed at $12.23, down -3.62%. In other words, the price has decreased by -$3.62 from its previous closing price. On the day, 29.8 million shares were traded. CLSK stock price reached its highest trading level at $12.62 during the session, while it also had its lowest trading level at $11.96.
Ratios:
Our goal is to gain a better understanding of CLSK by taking a closer look at 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:
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 Sep 27 ’24 when Monnig Taylor sold 1,350 shares for $10.44 per share. The transaction valued at 14,094 led to the insider holds 209,652 shares of the business.
Monnig Taylor bought 1,350 shares of CLSK for $14,094 on Sep 27 ’24. On Sep 12 ’24, another insider, Wood Thomas Leigh, who serves as the Director of the company, sold 22,222 shares for $9.24 each. As a result, the insider received 205,331 and left with 137,050 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 3095853056 and an Enterprise Value of 2919467008. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.05 while its Price-to-Book (P/B) ratio in mrq is 2.05. Its current Enterprise Value per Revenue stands at 8.531 whereas that against EBITDA is 14.71.
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 $3.46. The 50-Day Moving Average of the stock is 20.12%, while the 200-Day Moving Average is calculated to be -13.92%.
Shares Statistics:
The stock has traded on average 23.27M shares per day over the past 3-months and 28510230 shares per day over the last 10 days, according to various share statistics. A total of 253.14M shares are outstanding, with a floating share count of 244.46M. Insiders hold about 3.43% of the company’s shares, while institutions hold 41.44% stake in the company. Shares short for CLSK as of 1727654400 were 46235586 with a Short Ratio of 1.99, compared to 1724976000 on 41423237. Therefore, it implies a Short% of Shares Outstanding of 46235586 and a Short% of Float of 18.83.
