At the time of writing, Cleanspark Inc [CLSK] stock is trading at $17.84, up 4.51%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CLSK shares have gain 12.56% over the last week, with a monthly amount drifted -8.42%, and not seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
Cleanspark Inc [NASDAQ: CLSK] stock has seen the most recent analyst activity on December 08, 2023, when JP Morgan downgraded its rating to a Neutral and also revised its price target to $8 from $9. Previously, Bernstein started tracking the stock with Outperform rating on October 31, 2023, and set its price target to $5.30. On October 11, 2023, JP Morgan initiated with a Overweight rating and assigned a price target of $5.50 on the stock. Cantor Fitzgerald started tracking the stock assigning a Overweight rating and suggested a price target of $5 on December 09, 2022. Chardan Capital Markets started tracking with a Buy rating for this stock on June 03, 2022, and assigned it a price target of $12.
For the past year, the stock price of Cleanspark Inc fluctuated between $3.38 and $24.72. Currently, Wall Street analysts expect the stock to reach $25.33 within the next 12 months. Cleanspark Inc [NASDAQ: CLSK] shares were valued at $17.84 at the most recent close of the market. An investor can expect a potential return of 41.98% based on the average CLSK price forecast.
Analyzing the CLSK fundamentals
According to Cleanspark Inc [NASDAQ:CLSK], the company’s sales were 283.63M for trailing twelve months, which represents an 162.77% jump. Gross Profit Margin for this corporation currently stands at 0.35% with Operating Profit Margin at -0.13%, Pretax Profit Margin comes in at 0.29%, and Net Profit Margin reading is 0.22%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.07 and Total Capital is -0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.01.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 17.06 points at the first support level, and at 16.28 for the second support level. However, for the 1st resistance point, the stock is sitting at 18.55, and for the 2nd resistance point, it is at 19.27.
Ratios To Look Out For
It is important to note that Cleanspark Inc [NASDAQ:CLSK] has a current ratio of 12.50. Also, the Quick Ratio is 12.48, while the Cash Ratio stands at 5.87. Considering the valuation of this stock, the price to sales ratio is 14.33, the price to book ratio is 2.75 and price to earnings (TTM) ratio is 134.14.
Transactions by insiders
Recent insider trading involved Monnig Taylor, Chief Technology Officer, that happened on Jun 28 ’24 when 1350.0 shares were sold. Chief Technology Officer, Monnig Taylor completed a deal on May 31 ’24 to sell 1350.0 shares. Meanwhile, Executive Chairman Schultz S. Matthew sold 0.37 million shares on Mar 27 ’24.
