Cleanspark Inc (NASDAQ:CLSK) shares, rose in value on Wednesday, June 18, with the stock price up by 3.15% to the previous day’s close as strong demand from buyers drove the stock to $9.18.
Actively observing the price movement in the last trading, the stock closed the session at $8.90. Referring to stock’s 52-week performance, its high was $20.64, and the low was $6.45. On the whole, CLSK has fluctuated by -6.71% over the past month.
With the market capitalization of Cleanspark Inc currently standing at about $2.58 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-May-08.
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 Hold on average. However, medium-term indicators have put the stock in the category of 25% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of CLSK currently trading nearly -2.76% and 3.54% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 48.67, while the 7-day volatility ratio is showing 5.55% which for the 30-day chart, stands at 4.76%. Furthermore, Cleanspark Inc (CLSK)’s beta value is 4.24, and its average true range (ATR) is 0.65.
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 3.15% in last session, and over the past year, it shrunk by -48.90%%.
Data on historical trading for Cleanspark Inc (NASDAQ:CLSK) indicates that the trading volumes over the past 3 months, they’ve averaged 26.80 million. According to company’s latest data on outstanding shares, there are 280.90 million shares outstanding.
Nearly 2.87% of Cleanspark Inc’s shares belong to company insiders and institutional investors own 60.77% of the company’s shares. The stock has fallen by -0.33% 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.
