Cleanspark Inc (CLSK): A Great Stock For Handling Current Market Conditions?

Currently, there are 225.42M common shares owned by the public and among those 217.30M shares have been available to trade.

The company’s stock has a 5-day price change of -4.81% and 60.37% over the past three months. CLSK shares are trading 34.63% year to date (YTD), with the 12-month market performance up to 355.52% higher. It has a 12-month low price of $3.04 and touched a high of $24.72 over the same period. CLSK has an average intraday trading volume of 36.21 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -18.26%, -9.40%, and 71.17% respectively.

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Institutional ownership of Cleanspark Inc (NASDAQ: CLSK) shares accounts for 38.41% of the company’s 225.42M shares outstanding.

It has a market capitalization of $3.35B and a beta (3y monthly) value of 4.09. The earnings-per-share (ttm) stands at -$0.68. Price movements for the stock have been influenced by the stock’s volatility, which stands at 9.05% over the week and 11.12% over the month.

Analysts forecast that Cleanspark Inc (CLSK) will achieve an EPS of $Celestica, Inc. for the current quarter, $44.74 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Clearside Biomedical, Inc. while analysts give the company a high EPS estimate of $Columbia Financial, Inc.. Comparatively, EPS for the current quarter was $Catalyst Bancorp, Inc. a year ago. Earnings per share for the fiscal year are expected to increase by 154.96%, and 287.00% over the next financial year.

Looking at the support for the CLSK, a number of firms have released research notes about the stock. JP Morgan stated their Neutral rating for the stock in a research note on December 08, 2023, with the firm’s price target at $9-$8. Bernstein coverage for the Cleanspark Inc (CLSK) stock in a research note released on October 31, 2023 offered a Outperform rating with a price target of $5.30. JP Morgan was of a view on October 11, 2023 that the stock is Overweight, while Cantor Fitzgerald gave the stock Overweight rating on December 09, 2022, issuing a price target of $5. H.C. Wainwright on their part issued Buy rating on July 26, 2022.

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