Cleanspark Inc (NASDAQ:CLSK) shares traded -3.15% lower at $4.31 on Wall Street last session.
In accordance with the data, 6 analysts cover Cleanspark Inc (NASDAQ:CLSK). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $14.00 and a low of $5.30, we find $10.00. Given the previous closing price of $4.45, this indicates a potential upside of 124.72 percent. CLSK stock price is now 3.12% away from the 50-day moving average and 4.70% away from the 200-day moving average. The market capitalization of the company currently stands at $657.88M.
It has been rated a hold by 0 analysts and a buy by 5. Brokers who have rated the stock have averaged $9.97 as their price target over the next twelve months.
With the price target of $5.30, Bernstein recently initiated with Outperform rating for Cleanspark Inc (NASDAQ: CLSK).
In other news, Vecchiarelli Gary Anthony, Chief Financial Officer bought 19,400 shares of the company’s stock on Dec 16. The stock was bought for $34,532 at an average price of $1.78. Upon completion of the transaction, the Chief Financial Officer now directly owns 147,157 shares in the company, valued at $0.63 million. Insiders disposed of 1,305,492 shares of company stock worth roughly $5.63 million over the past 1 year. A total of 4.94% of the company’s stock is owned by insiders.
Cleanspark Inc (NASDAQ: CLSK) opened at $4.6100 on Monday. During the past 12 months, Cleanspark Inc has had a low of $1.74 and a high of $7.60. As of last week, the company has a debt-to-equity ratio of 0.03, a current ratio of 1.41, and a quick ratio of 1.38. The fifty day moving average price for CLSK is $4.1795 and a two-hundred day moving average price translates $4.1164 for the stock.
The latest earnings results from Cleanspark Inc (NASDAQ: CLSK) was released for Jun, 2023. According to the Capital Markets Company, earnings per share came in at $0, beating analysts’ expectations of -$0.17 by 0.17. This compares to -$0.31 EPS in the same period last year. The net profit margin was -73.22% and return on equity was -21.20% for CLSK. The company reported revenue of $45.52 million for the quarter, compared to $31.03 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 46.71 percent. For the current quarter, analysts expect CLSK to generate $55.44M in revenue.
