A share price of Cleanspark Inc [CLSK] is currently trading at $11.66, down -2.91%. An important factor to consider is whether the stock is rising or falling in short-term value. The CLSK shares have gain 5.23% over the last week, with a monthly amount drifted -35.69%, and not seem to be holding up well over a long-time horizon.
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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.
Cleanspark Inc experienced fluctuations in its stock price throughout the past year 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 $11.66 at the most recent close of the market. An investor can expect a potential return of 117.24% based on the average CLSK price forecast.
Analyzing the CLSK fundamentals
Trailing Twelve Months sales for Cleanspark Inc [NASDAQ:CLSK] were 342.21M which represents 128.69% growth. Gross Profit Margin for this corporation currently stands at 0.23% with Operating Profit Margin at -0.1%, Pretax Profit Margin comes in at -0.44%, and Net Profit Margin reading is -0.46%. To continue investigating profitability, this company’s Return on Assets is posted at -0.11, Equity is -0.15 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 11.20 points at the first support level, and at 10.73 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.28, and for the 2nd resistance point, it is at 12.89.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Cleanspark Inc [NASDAQ:CLSK] is 8.94. On the other hand, the Quick Ratio is 8.94, and the Cash Ratio is 1.93. Considering the valuation of this stock, the price to sales ratio is 8.45, the price to book ratio is 1.96.
Transactions by insiders
Recent insider trading involved Monnig Taylor, Chief Technology Officer, that happened on Jul 26 ’24 when 1350.0 shares were sold. Officer, Monnig Taylor completed a deal on Jul 26 ’24 to buy 1350.0 shares. Meanwhile, Chief Technology Officer Monnig Taylor sold 1350.0 shares on Jun 28 ’24.
