The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
The price of Cleanspark Inc (NASDAQ: CLSK) closed at $11.53 in the last session, up 1.05% from day before closing price of $11.41. In other words, the price has increased by $1.05 from its previous closing price. On the day, 25.21 million shares were traded. CLSK stock price reached its highest trading level at $12.23 during the session, while it also had its lowest trading level at $11.4.
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 3.74 and its Current Ratio is at 3.74. In the meantime, Its Debt-to-Equity ratio is 0.04 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 10, 2024, Upgraded its rating to Overweight and sets its target price to $17 from $10.50 previously.
On September 25, 2024, Macquarie started tracking the stock assigning a Outperform rating and target price of $20.
JP Morgan Downgraded its Overweight to Neutral on December 08, 2023, whereas the target price for the stock was revised from $9 to $8.
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 Dec 27 ’24 when Monnig Taylor sold 1,350 shares for $10.40 per share. The transaction valued at 14,040 led to the insider holds 201,520 shares of the business.
Monnig Taylor bought 1,350 shares of CLSK for $14,040 on Dec 27 ’24. On Nov 29 ’24, another insider, Monnig Taylor, who serves as the Chief Technology Officer of the company, sold 1,350 shares for $14.35 each. As a result, the insider received 19,372 and left with 202,870 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 3237693184 and an Enterprise Value of 3346231808. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.54 while its Price-to-Book (P/B) ratio in mrq is 1.77. Its current Enterprise Value per Revenue stands at 9.778 whereas that against EBITDA is 16.86.
Stock Price History:
The Beta on a monthly basis for CLSK is 4.26, which has changed by 0.35169983 over the last 52 weeks, in comparison to a change of 0.23809385 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 $6.95. The 50-Day Moving Average of the stock is -7.03%, while the 200-Day Moving Average is calculated to be -15.00%.
Shares Statistics:
According to the various share statistics, CLSK traded on average about 35.05M shares per day over the past 3-months and 23622160 shares per day over the past 10 days. A total of 280.81M shares are outstanding, with a floating share count of 272.55M. Insiders hold about 2.94% of the company’s shares, while institutions hold 40.70% stake in the company. Shares short for CLSK as of 1731628800 were 49979327 with a Short Ratio of 2.16, compared to 1728950400 on 50394986. Therefore, it implies a Short% of Shares Outstanding of 49979327 and a Short% of Float of 19.950001.
