Cleanspark Inc (NASDAQ:CLSK) shares, rose in value on Wednesday, February 12, with the stock price up by 2.33% to the previous day’s close as strong demand from buyers drove the stock to $10.52.
Actively observing the price movement in the last trading, the stock closed the session at $10.28, falling within a range of $9.97 and $10.61. The value of beta (5-year monthly) was 4.195 whereas the PE ratio was 70.27 over 12-month period. Referring to stock’s 52-week performance, its high was $24.72, and the low was $8.04. On the whole, CLSK has fluctuated by 3.24% over the past month.
With the market capitalization of Cleanspark Inc currently standing at about $2.95 billion, investors are eagerly awaiting this quarter’s results, scheduled for in March.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 915.53M, with a low estimate of 191.95M and a high estimate of 218.1M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 204.15M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CLSK’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of CLSK currently trading nearly -2.93% and -7.38% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 47.36, while the 7-day volatility ratio is showing 7.35% which for the 30-day chart, stands at 7.98%. Furthermore, Cleanspark Inc (CLSK)’s beta value is 4.18, and its average true range (ATR) is 0.96.
A comparison of Cleanspark Inc (CLSK) with its peers suggests the former has fared considerably weaker in the market. CLSK showed an intraday change of 2.33% in last session, and over the past year, it grew by 0.19%%.
Data on historical trading for Cleanspark Inc (NASDAQ:CLSK) indicates that the trading volumes over the past 10 days have averaged 24.32 and over the past 3 months, they’ve averaged 32.42 million. According to company’s latest data on outstanding shares, there are 280.81 million shares outstanding.
Nearly 2.94% of Cleanspark Inc’s shares belong to company insiders and institutional investors own 44.29% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 49.98 million shares as on 2024-11-15, resulting in a short ratio of 1.39. According to the data, the short interest in Cleanspark Inc (CLSK) stood at 1995.00 of shares outstanding as of 2024-11-15; the number of short shares registered in 2024-10-15 reached 50.39 million. The stock has risen by 14.22% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CLSK stock heading into the next quarter.
