Cleanspark Inc (NASDAQ:CLSK) traded at $18.12 at close of the session on Monday, April 29, made a downward move of -5.77% on its previous day’s price.
Looking at the stock we see that its previous close was $19.23. In terms of its 52-week price range, CLSK has a high of $24.72 and a low of $3.33. The company’s stock has lost about -14.57% over that past 30 days.
Cleanspark Inc has a market cap of $4.08 billion. Estimates by analysts give the company expected earnings per share (EPS) of $0.04, with the EPS growth for the year raised at $0.48 for 2024 and $1.31 for next year. These figures represent 136.10% and 172.90% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $102.57 million, with a low of $91.39 million and a high of $114.48 million. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $426.49 million, or 153.20% up from figures reported last year.
On the other hand, looking at the outlook for the CLSK stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Looking further, we note the current price level is 8.04% off its SMA20 and 2.31% from its 50-day simple moving average. The RSI (14) is pointing at 52.26 while the volatility over the past week is 9.67% and jumps to 9.54% over the past one month. The beta value is 4.06, while the average true range (ATR) is currently pointing at 1.86.
Coming back to Cleanspark Inc (NASDAQ:CLSK), we note that the average 3-month trading volume was 38.17 million. Current shares outstanding are 225.42 million.
The insiders hold 3.60% of the company’s shares while institutions hold 38.60%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 64.28% up in year-to-date price movement.
