Cleanspark Inc [CLSK] stock prices are up 5.02% to $9.63 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CLSK shares have gain 5.25% over the last week, with a monthly amount drifted -23.63%, 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.
The stock price of Cleanspark Inc [CLSK] has been fluctuating between $3.38 and $24.72 over the past year. Currently, Wall Street analysts expect the stock to reach $25.33 within the next 12 months. Cleanspark Inc [NASDAQ: CLSK] shares were valued at $9.63 at the most recent close of the market. An investor can expect a potential return of 163.03% based on the average CLSK price forecast.
Analyzing the CLSK fundamentals
The Cleanspark Inc [NASDAQ:CLSK] reported sales of 342.21M for trailing twelve months, representing a surge of 128.69%. 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 9.26 points at the first support level, and at 8.88 for the second support level. However, for the 1st resistance point, the stock is sitting at 9.83, and for the 2nd resistance point, it is at 10.03.
Ratios To Look Out For
It’s worth pointing out that Cleanspark Inc [NASDAQ:CLSK]’s Current Ratio is 8.94. Further, the Quick Ratio stands at 8.94, while the Cash Ratio is 1.93. Considering the valuation of this stock, the price to sales ratio is 7.12, the price to book ratio is 1.62.
Transactions by insiders
Recent insider trading involved Wood Thomas Leigh, Director, that happened on Sep 12 ’24 when 22222.0 shares were sold. Director, Wood Thomas Leigh completed a deal on Sep 12 ’24 to buy 22222.0 shares. Meanwhile, Chief Technology Officer Monnig Taylor sold 1350.0 shares on Aug 30 ’24.
