The trading price of Cleanspark Inc (NASDAQ:CLSK) closed higher on Monday, April 22, closing at $19.09, 10.99% higher than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $24.72 and a 52-week low of $3.33. Over the past month, the stock has lost -8.09% in value.
Cleanspark Inc, whose market valuation is $4.30 billion at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0.04 per share this quarter, however they have predicted annual earnings per share of $0.48 for 2024 and $1.31 for 2025. It means analysts are expecting annual earnings per share growth of 136.10% this year and 172.90% next year.
Analysts have forecast the company to bring in revenue of $102.57 million for the current quarter, with the likely lows of $91.39 million and highs of $114.48 million. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2024 is $426.49 million. The company’s revenue is forecast to grow by 153.20% over what it did in 2024.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Cleanspark Inc no upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest CLSK has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
A quick review shows that CLSK’s price is currently 9.87% off the SMA20 and 10.81% off the SMA50. The RSI metric on the 14-day chart is currently showing 59.13, and weekly volatility stands at 10.94%. When measured over the past 30 days, the indicator reaches 10.04%. Cleanspark Inc (NASDAQ:CLSK)’s beta value is currently sitting at 4.06, while the Average True Range indicator is currently displaying 1.86.
To see how Cleanspark Inc stock has been performing in comparison to its peers in the industry, here are the numbers: CLSK stock’s performance was 10.99% in the latest trading, and 389.49% in the past year.
An evaluation of the daily trading volume of Cleanspark Inc (NASDAQ:CLSK) indicates that the 3-month average is 36.99 million.
Currently, records show that 225.42 million of the company’s shares remain outstanding. The insiders hold 3.60% of outstanding shares, whereas institutions hold 38.39%. However, since the stock’s price has seen 73.07% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
