Cleanspark Inc (NASDAQ:CLSK) shares traded 5.34% higher at $9.86 on Wall Street last session.
CLSK stock price is now 18.02% away from the 50-day moving average and -3.90% away from the 200-day moving average. The market capitalization of the company currently stands at $2.77B.
On February 12, 2025, Needham recently initiated its ‘Buy’ rating on the stock quoting a target price of $20, while ‘Keefe Bruyette’ rates the stock as ‘Outperform’
In other news, Beynon Roger Paul, Director sold 50,000 shares of the company’s stock on May 21 ’25. The stock was sold for $525,285 at an average price of $10.51. Upon completion of the transaction, the Director now directly owns 125,511 shares in the company, valued at $1.24 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 21 ’25, Director Beynon Roger Paul bought 50,000 shares of the business’s stock. A total of $525,287 was incurred on buying the stock at an average price of $10.51. A total of 2.87% of the company’s stock is owned by insiders.
During the past 12 months, Cleanspark Inc has had a low of $6.45 and a high of $20.64. As of last week, the company has a debt-to-equity ratio of 0.34, a current ratio of 8.67, and a quick ratio of 8.67.
The net profit margin was -36.39% and return on equity was -11.36% for CLSK. The company reported revenue of $181.71 million for the quarter, compared to $111.8 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 62.53 percent.
