At the time of writing, Cleanspark Inc [CLSK] stock is trading at $17.61, up 29.77%. An important factor to consider is whether the stock is rising or falling in short-term value. The CLSK shares have gain 70.56% over the last week, with a monthly amount glided 103.35%, and 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.
For the past year, the stock price of Cleanspark Inc fluctuated between $3.46 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 $17.61 at the most recent close of the market. An investor can expect a potential return of 43.84% based on the average CLSK price forecast.
Analyzing the CLSK fundamentals
According to Cleanspark Inc [NASDAQ:CLSK], the company’s sales were 342.21M for trailing twelve months, which represents an 128.69% jump. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.01.
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 15.67 points at the first support level, and at 13.73 for the second support level. However, for the 1st resistance point, the stock is sitting at 18.71, and for the 2nd resistance point, it is at 19.81.
Ratios To Look Out For
It is important to note that Cleanspark Inc [NASDAQ:CLSK] has a current ratio of 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 13.29, the price to book ratio is 2.96.
Transactions by insiders
Recent insider trading involved Monnig Taylor, Chief Technology Officer, that happened on Oct 25 ’24 when 1350.0 shares were sold. Officer, Monnig Taylor completed a deal on Oct 25 ’24 to buy 1350.0 shares. Meanwhile, Chief Technology Officer Monnig Taylor sold 1350.0 shares on Sep 27 ’24.
