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The price of Cleanspark Inc (NASDAQ: CLSK) closed at $15.42 in the last session, down -3.93% from day before closing price of $16.05. In other words, the price has decreased by -$3.93 from its previous closing price. On the day, 32.5 million shares were traded. CLSK stock price reached its highest trading level at $16.56 during the session, while it also had its lowest trading level at $15.17.
Ratios:
We take a closer look at CLSK’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.15 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 46.49. 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:
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 Jun 28 ’24 when Monnig Taylor sold 1,350 shares for $16.03 per share. The transaction valued at 21,640 led to the insider holds 213,702 shares of the business.
Monnig Taylor sold 1,350 shares of CLSK for $22,477 on May 31 ’24. The Chief Technology Officer now owns 215,052 shares after completing the transaction at $16.65 per share. On Mar 27 ’24, another insider, Schultz S. Matthew, who serves as the Executive Chairman of the company, sold 367,000 shares for $23.07 each. As a result, the insider received 8,466,690 and left with 2,298,975 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 3513755392 and an Enterprise Value of 3206353408. As of this moment, Cleanspark’s Price-to-Earnings (P/E) ratio for their current fiscal year is 115.94, and their Forward P/E ratio for the next fiscal year is 157.17. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.39 while its Price-to-Book (P/B) ratio in mrq is 2.38. Its current Enterprise Value per Revenue stands at 11.305 whereas that against EBITDA is 14.321.
Stock Price History:
The Beta on a monthly basis for CLSK is 4.24, which has changed by 1.401869 over the last 52 weeks, in comparison to a change of 0.2553556 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 -9.18%, while the 200-Day Moving Average is calculated to be 28.40%.
Shares Statistics:
According to the various share statistics, CLSK traded on average about 30.12M shares per day over the past 3-months and 28819830 shares per day over the past 10 days. A total of 227.87M shares are outstanding, with a floating share count of 220.35M. Insiders hold about 3.30% of the company’s shares, while institutions hold 43.76% stake in the company. Shares short for CLSK as of 1718323200 were 34367474 with a Short Ratio of 1.14, compared to 1715731200 on 38163125. Therefore, it implies a Short% of Shares Outstanding of 34367474 and a Short% of Float of 15.49.
