Cleanspark Inc [CLSK] stock prices are up 0.40% to $10.13 at the moment. 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 12.68% over the last week, with a monthly amount drifted -5.15%, 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 September 25, 2024, when Macquarie initiated its Outperform rating and assigned the stock a price target of $20. Previously, JP Morgan downgraded its rating to Neutral on December 08, 2023, and dropped its price target to $8. On October 31, 2023, Bernstein initiated with a Outperform rating and assigned a price target of $5.30 on the stock. JP Morgan started tracking the stock assigning a Overweight rating and suggested a price target of $5.50 on October 11, 2023. Cantor Fitzgerald initiated its recommendation with a Overweight and recommended $5 as its price target on December 09, 2022. In a note dated June 03, 2022, Chardan Capital Markets initiated an Buy rating and provided a target price of $12 on this stock.
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 $10.13 at the most recent close of the market. An investor can expect a potential return of 150.05% 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 9.85 points at the first support level, and at 9.56 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.44, and for the 2nd resistance point, it is at 10.75.
Ratios To Look Out For
It’s worth pointing out that Cleanspark Inc [NASDAQ:CLSK]’s Current Ratio is 8.94. Also, the Quick Ratio is 8.94, while the Cash Ratio stands at 1.93. Considering the valuation of this stock, the price to sales ratio is 7.49, the price to book ratio is 1.70.
Transactions by insiders
Recent insider trading involved Monnig Taylor, Chief Technology Officer, that happened on Sep 27 ’24 when 1350.0 shares were sold. Officer, Monnig Taylor completed a deal on Sep 27 ’24 to buy 1350.0 shares. Meanwhile, Director Wood Thomas Leigh sold 22222.0 shares on Sep 12 ’24.
