Cleanspark Inc (NASDAQ:CLSK) shares traded -14.89% lower at $8.80 on Wall Street last session.
In accordance with the data, 6 analysts cover Cleanspark Inc (NASDAQ:CLSK). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $14.20 and a low of $8.00, we find $12.00. Given the previous closing price of $10.34, this indicates a potential upside of 16.05 percent. CLSK stock price is now 81.57% away from the 50-day moving average and 98.54% away from the 200-day moving average. The market capitalization of the company currently stands at $1.63B.
It has been rated a hold by 1 analysts and a buy by 4. Brokers who have rated the stock have averaged $11.70 as their price target over the next twelve months.
With the price target reduced from $9 to $8, JP Morgan Downgraded its rating from Overweight to Neutral for Cleanspark Inc (NASDAQ: CLSK).
In other news, McNeill Larry, Director sold 40,000 shares of the company’s stock on Dec 08. The stock was sold for $416,800 at an average price of $10.42. Upon completion of the transaction, the Director now directly owns 249,637 shares in the company, valued at $2.2 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 16, Chief Financial Officer Vecchiarelli Gary Anthony bought 19,400 shares of the business’s stock. A total of $34,532 was incurred on buying the stock at an average price of $1.78. This leaves the insider owning 147,157 shares of the company worth $1.29 million. Insiders disposed of 1,464,502 shares of company stock worth roughly $12.89 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 $9.44 on Monday. During the past 12 months, Cleanspark Inc has had a low of $1.74 and a high of $10.45. As of last week, the company has a debt-to-equity ratio of 0.02, a current ratio of 1.38, and a quick ratio of 1.37. The fifty day moving average price for CLSK is $4.85 and a two-hundred day moving average price translates $4.43 for the stock.
The latest earnings results from Cleanspark Inc (NASDAQ: CLSK) was released for Sep, 2023. According to the Capital Markets Company, earnings per share came in at -$0.63, missing analysts’ expectations of -$0.13 by -0.5. This compares to -$0.01 EPS in the same period last year. The net profit margin was -81.11% and return on equity was -24.45% for CLSK. The company reported revenue of $52.52 million for the quarter, compared to $26.17 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 100.66 percent. For the current quarter, analysts expect CLSK to generate $63.32M in revenue.
