At the time of writing, Cleanspark Inc [CLSK] stock is trading at $10.09, saw in change for the day. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CLSK shares have gain 6.77% over the last week, with a monthly amount drifted -25.59%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Cleanspark Inc [NASDAQ: CLSK] stock has seen the most recent analyst activity on December 10, 2024, when JP Morgan upgraded its rating to a Overweight and also boosted its price target to $17 from $10.50. Previously, Macquarie started tracking the stock with Outperform rating on September 25, 2024, and set its price target to $20. On December 08, 2023, downgrade downgraded it’s rating to Neutral and revised its price target to $8 on the stock. Bernstein started tracking the stock assigning a Outperform rating and suggested a price target of $5.30 on October 31, 2023. JP Morgan initiated its recommendation with a Overweight and recommended $5.50 as its price target on October 11, 2023. Cantor Fitzgerald started tracking with a Overweight rating for this stock on December 09, 2022, and assigned it a price target of $5.
For the past year, the stock price of Cleanspark Inc fluctuated between $6.41 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 $10.09 at the most recent close of the market. An investor can expect a potential return of 151.04% based on the average CLSK price forecast.
Analyzing the CLSK fundamentals
According to Cleanspark Inc [NASDAQ:CLSK], the company’s sales were 378.97M for trailing twelve months, which represents an 69.98% jump. Gross Profit Margin for this corporation currently stands at 0.32% with Operating Profit Margin at -0.7%, Pretax Profit Margin comes in at -0.38%, and Net Profit Margin reading is -0.38%. To continue investigating profitability, this company’s Return on Assets is posted at -0.07, Equity is -0.11 and Total Capital is -0.15. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.04.
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 9.75 points at the first support level, and at 9.41 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.31, and for the 2nd resistance point, it is at 10.53.
Ratios To Look Out For
It is important to note that Cleanspark Inc [NASDAQ:CLSK] has a current ratio of 3.74. As well, the Quick Ratio is 3.74, while the Cash Ratio is 0.65. Considering the valuation of this stock, the price to sales ratio is 7.79, the price to book ratio is 1.55.
Transactions by insiders
Recent insider trading involved Monnig Taylor, Chief Technology Officer, that happened on Dec 27 ’24 when 1350.0 shares were sold. Officer, Monnig Taylor completed a deal on Dec 27 ’24 to buy 1350.0 shares. Meanwhile, Chief Technology Officer Monnig Taylor sold 1350.0 shares on Nov 29 ’24.
