Cleanspark Inc (NASDAQ:CLSK) price on Thursday, February 27, fall -4.70% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $7.51.
A look at the stock’s price movement, the close in the last trading session was $7.88. The PE ratio in trailing twelve months stood at 50.17. Turning to its 52-week performance, $24.72 and $7.70 were the 52-week high and 52-week low respectively. Overall, CLSK moved -25.27% over the past month.
Cleanspark Inc’s market cap currently stands at around $2.11 billion, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 202.56M for the company’s revenue for the quarter, with a low and high estimate of 191.95M and 218.1M respectively. The average forecast suggests up to a 81.18% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 905.49M, representing a 138.94% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that CLSK is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
4 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 4 recommend CLSK as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
CLSK’s current price about -24.80% and -28.17% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 28.18, while 7-day volatility ratio is 10.41% and 7.54% in the 30-day chart. Further, Cleanspark Inc (CLSK) has a beta value of 4.21, and an average true range (ATR) of 0.84. Analysts have given the company’s stock an average 52-week price target of $27, forecast between a low of $22 and high of $27. Looking at the price targets, the low is -192.94% off current price level while to achieve the yearly target high, price needs to move -259.52%. Nonetheless, investors will most likely welcome a -259.52% jump to $27 which is the analysts’ median price.
If we refocus on Cleanspark Inc (NASDAQ:CLSK), historical trading data shows that trading volumes averaged 28.45 million over the past 3 months. The company’s latest data on shares outstanding shows there are 280.81 million shares.
The 3.07% of Cleanspark Inc’s shares are in the hands of company insiders while institutional holders own 52.11% of the company’s shares. Current price change has pushed the stock -18.46% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CLSK stock continues to rise going into the next quarter.
