On November 20, 2023, Cleanspark Inc (NASDAQ: CLSK) opened at $4.04, higher 16.50% from the last session. During the day, the shares moved up to $4.65 and dropped to $4.04 before settling in for the closing price of $3.94. Price fluctuations for CLSK have ranged from $1.74 to $7.60 over the past 52 weeks.
Financial Sector giant saw their annual sales surged by 332.78% over the last five years. Company’s average yearly earnings per share was noted -156.03% at the time writing. With a float of $144.98 million, this company’s outstanding shares have now reached $152.64 million.
The firm has a total of 130 workers. Let’s measure their productivity. In terms of profitability, gross margin is +0.25, operating margin of -12.60, and the pretax margin is -30.48.
Cleanspark Inc (CLSK) Breakdown of a Key Holders of the stock
A key investor’s attitude towards the stock of the Capital Markets industry is another important factor to consider. The insider ownership of Cleanspark Inc is 5.02%, while institutional ownership is 44.56%. The most recent insider transaction that took place on Dec 16, was worth 34,532. In this transaction Chief Financial Officer of this company bought 19,400 shares at a rate of $1.78, taking the stock ownership to the 147,157 shares.
Cleanspark Inc (CLSK) Recent Fiscal highlights
If we go through the results of last quarter, which was made public on 6/29/2023, the company posted $0 earnings per share (EPS) for the quarter, besting the agreed prediction (set at -$0.17) by $0.17. This company achieved a net margin of -30.48 while generating a return on equity of -11.30. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.13 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -156.03% per share during the next fiscal year.
Cleanspark Inc (NASDAQ: CLSK) Trading Performance Indicators
Check out the current performance indicators for Cleanspark Inc (CLSK). In the past quarter, the stock posted a quick ratio of 1.38. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.93. Likewise, its price to free cash flow for the trailing twelve months is 7.18.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.55, a number that is poised to hit -0.13 in the next quarter and is forecasted to reach -0.27 in one year’s time.
Technical Analysis of Cleanspark Inc (CLSK)
Analysing the last 5-days average volume posted by the [Cleanspark Inc, CLSK], we can find that recorded value of 15.76 million was better than the volume posted last year of 9.27 million. As of the previous 9 days, the stock’s Stochastic %D was 57.97%. Additionally, its Average True Range was 0.42.
During the past 100 days, Cleanspark Inc’s (CLSK) raw stochastic average was set at 28.68%, which indicates a significant decrease from 91.87% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 107.88% in the past 14 days, which was higher than the 91.95% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $4.04, while its 200-day Moving Average is $4.17. Now, the first resistance to watch is $4.81. This is followed by the second major resistance level at $5.04. The third major resistance level sits at $5.42. If the price goes on to break the first support level at $4.20, it is likely to go to the next support level at $3.82. Now, if the price goes above the second support level, the third support stands at $3.59.
Cleanspark Inc (NASDAQ: CLSK) Key Stats
There are currently 152,643K shares outstanding in the company with a market cap of 700.62 million. Presently, the company’s annual sales total 131,520 K according to its annual income of -57,330 K. Last quarter, the company’s sales amounted to 45,520 K and its income totaled -14,220 K.