Cleanspark Inc (NASDAQ:CLSK) shares, rose in value on Wednesday, March 26, with the stock price down by -6.99% to the previous day’s close as strong demand from buyers drove the stock to $8.12.
Actively observing the price movement in the last trading, the stock closed the session at $8.73, falling within a range of $8.05 and $8.74. The value of beta (5-year monthly) was 4.213 whereas the PE ratio was 54.24 over 12-month period. Referring to stock’s 52-week performance, its high was $24.72, and the low was $7.22. On the whole, CLSK has fluctuated by -0.37% over the past month.
With the market capitalization of Cleanspark Inc currently standing at about $2.28 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-05.
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 50% 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 0.79% and -14.27% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 46.33, while the 7-day volatility ratio is showing 8.65% which for the 30-day chart, stands at 9.68%. Furthermore, Cleanspark Inc (CLSK)’s beta value is 4.10, and its average true range (ATR) is 0.76.
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 -6.99% in last session, and over the past year, it shrunk by -60.91%%.
Data on historical trading for Cleanspark Inc (NASDAQ:CLSK) indicates that the trading volumes over the past 10 days have averaged 30.4 and over the past 3 months, they’ve averaged 24.78 million. According to company’s latest data on outstanding shares, there are 280.81 million shares outstanding.
Nearly 3.07% of Cleanspark Inc’s shares belong to company insiders and institutional investors own 52.22% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 80.63 million shares as on 2025-03-14, resulting in a short ratio of 3.53. According to the data, the short interest in Cleanspark Inc (CLSK) stood at 2950.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 74.9 million. The stock has fallen by -11.83% 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.
