On Monday, Cleanspark Inc (NASDAQ: CLSK) opened higher 9.15% from the last session, before settling in for the closing price of $8.09. Price fluctuations for CLSK have ranged from $3.38 to $24.72 over the past 52 weeks.
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A company in the Financial sector has jumped its sales by 271.83% annually for the last half of the decade. Company’s average yearly earnings per share was noted -463.33% at the time writing. With a float of $239.84 million, this company’s outstanding shares have now reached $248.12 million.
In an organization with 131 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 23.44%, operating margin of -9.57%, and the pretax margin is -43.53%.
Cleanspark Inc (CLSK) Insider Updates
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 3.34%, while institutional ownership is 41.79%. The most recent insider transaction that took place on Aug 30 ’24, was worth 14,540. In this transaction Chief Technology Officer of this company sold 1,350 shares at a rate of $10.77, taking the stock ownership to the 211,002 shares. Before that another transaction happened on Aug 30 ’24, when Company’s Officer proposed sale 1,350 for $10.77, making the entire transaction worth $14,539.
Cleanspark Inc (CLSK) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted -0.63 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at -0.13) by -0.5. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.03 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -463.33% 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 8.94. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 6.40.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.78, a number that is poised to hit -0.17 in the next quarter and is forecasted to reach -0.07 in one year’s time.
Technical Analysis of Cleanspark Inc (CLSK)
Let’s dig in a bit further. During the last 5-days, its volume was 20.59 million. That was inferior than the volume of 31.16 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 8.60%. Additionally, its Average True Range was 0.97.
During the past 100 days, Cleanspark Inc’s (CLSK) raw stochastic average was set at 5.92%, which indicates a significant decrease from 16.77% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 98.94% in the past 14 days, which was higher than the 91.11% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $13.78, while its 200-day Moving Average is $14.14. However, in the short run, Cleanspark Inc’s stock first resistance to watch stands at $9.04. Second resistance stands at $9.25. The third major resistance level sits at $9.66. If the price goes on to break the first support level at $8.42, it is likely to go to the next support level at $8.01. Assuming the price breaks the second support level, the third support level stands at $7.80.
Cleanspark Inc (NASDAQ: CLSK) Key Stats
There are currently 227,870K shares outstanding in the company with a market cap of 2.19 billion. Presently, the company’s annual sales total 168,410 K according to its annual income of -136,590 K. Last quarter, the company’s sales amounted to 104,110 K and its income totaled -236,240 K.
