Cleanspark Inc (NASDAQ:CLSK) shares, rose in value, with the stock price down by -1.21% to the previous day’s close as strong demand from buyers drove the stock to $19.54.
Actively observing the price movement in the last trading, the stock closed the session at $19.78. The value of beta (5-year monthly) was 4.06. Referring to stock’s 52-week performance, its high was $24.72, and the low was $3.33. On the whole, CLSK has fluctuated by -15.74% over the past month.
With the market capitalization of Cleanspark Inc currently standing at about $4.40 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 08, 2024 – May 13, 2024.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CLSK’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of CLSK currently trading nearly 14.61% and 10.95% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 58.50, while the 7-day volatility ratio is showing 11.15% which for the 30-day chart, stands at 10.01%. Furthermore, Cleanspark Inc (CLSK)’s beta value is 4.05, and its average true range (ATR) is 1.91.
A comparison of Cleanspark Inc (CLSK) with its peers suggests the former has fared considerably weaker in the market. CLSK showed an intraday change of -1.21% in last session, and over the past year, it grew by 432.43%%.
Data on historical trading for Cleanspark Inc (NASDAQ:CLSK) indicates that the trading volumes over the past 3 months, they’ve averaged 38.00 million. According to company’s latest data on outstanding shares, there are 225.42 million shares outstanding.
Nearly 3.60% of Cleanspark Inc’s shares belong to company insiders and institutional investors own 38.56% of the company’s shares. The stock has risen by 77.15% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CLSK stock heading into the next quarter.
