Currently, there are 292.56M common shares owned by the public and among those 283.96M shares have been available to trade.
The company’s stock has a 5-day price change of 17.64% and 5.70% over the past three months. CLSK shares are trading 28.88% year to date (YTD), with the 12-month market performance up to 55.16% higher. It has a 12-month low price of $6.41 and touched a high of $24.72 over the same period. CLSK has an average intraday trading volume of 35.47 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 12.77%, -4.58%, and -13.11% respectively.
Institutional ownership of Cleanspark Inc (NASDAQ: CLSK) shares accounts for 39.02% of the company’s 292.56M shares outstanding.
It has a market capitalization of $3.47B and a beta (3y monthly) value of 4.25. The earnings-per-share (ttm) stands at -$0.54. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.03% over the week and 8.35% over the month.
Earnings per share for the fiscal year are expected to increase by 145.03%, and 139.40% 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 Overweight rating for the stock in a research note on December 10, 2024, with the firm’s price target at $10.50-$17. Macquarie coverage for the Cleanspark Inc (CLSK) stock in a research note released on September 25, 2024 offered a Outperform rating with a price target of $20. JP Morgan was of a view on December 08, 2023 that the stock is Neutral, while Bernstein gave the stock Outperform rating on October 31, 2023, issuing a price target of $5.30. JP Morgan on their part issued Overweight rating on October 11, 2023.
