This trade activity should not be overlooked: Cleanspark Inc (CLSK)

With 23.87 million shares changed hands, the volume of the stock remained lighter than its average volume of 30.16 million shares. During the session, the Capital Markets company that operates in wider Financial sector, reached to the highest price of $15.75 whereas the lowest price it dropped to was $15.08. The 52-week range on CLSK shows that it touched its highest point at $24.72 and its lowest point at $3.38 during that stretch. It currently has a 1-year price target of $24.25. Beta for the stock currently stands at 4.23.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CLSK was down-trending over the past week, with a drop of -15.07%, but this was down by -6.80% over a month. Three-month performance dropped to -0.91% while six-month performance rose 49.07%. The stock gained 153.67% in the past year, while it has gained 37.99% so far this year. A look at the trailing 12-month EPS for CLSK yields 0.13 with Next year EPS estimates of 0.10. For the next quarter, that number is -0.08. This implies an EPS growth rate of 286.82% for this year and -84.74% for next year.

Float and Shares Shorts:

At present, 227.87 million CLSK shares are outstanding with a float of 220.35 million shares on hand for trading. On 2024-06-14, short shares totaled 34.37 million, which was 1507.9999999999998 higher than short shares on 1715731200. In addition to Mr. S. Matthew Schultz as the firm’s Executive Chairman, Mr. Zachary K. Bradford serves as its CEO, President & Director.

Institutional Ownership:

Through their ownership of 0.45067 of CLSK’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-03-31, CLSK reported revenue of $111799000.0 and operating income of $19467000.0. The EBITDA in the recently reported quarter was $174040000.0 and diluted EPS was $0.58.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CLSK since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.