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Tuesday, March 21, 2023

CleanSpark Inc. (NASDAQ: CLSK) May Be Attracting Institutional Investments

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for CleanSpark Inc. (CLSK) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.09, or 4.33%, to $2.17. The CleanSpark Inc. has recorded 19,708 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that CleanSpark Releases February 2023 Bitcoin Mining Update.

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Stocks Info

CleanSpark Inc. is listed on the NASDAQ as a member of the Technology sector and is a part of the Software – Application industry. At the end of the last regular session, the stock closed at $2.08 and fluctuated between $2.2500 as its day high and $2.0350 as its day low. The current market capitalization of CleanSpark Inc. is $166.50M. A total of 2.98 million shares were traded on the day, compared to an average of 3.78M shares.

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, CLSK has seen 1 BUY and 0 SELL insider trades, representing the acquisition of 19,400 and the disposition of 0 shares. Over the last 12 months, there were 13 BUYs and 3 SELLs from insiders. Insiders purchased 4,633,316 shares during that period but sold 360,860.

In the most recent transaction, Vecchiarelli Gary Anthony bought 19,400 shares of CLSK for 1.78 per share on Dec 16. After the transaction, the Chief Financial Officer now owns 147,157 company shares.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for CLSK in the last 3 months, the mean price target is $7.50 with high estimates of $12.00 and low estimates of $5.00. In terms of 52-week highs and lows, CLSK has a high of $13.91 and a low of $1.74.

As of this writing, CLSK has an earnings estimate of -$0.54 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of -$0.31 per share and a lower estimate of -$0.69. The company reported an EPS of -$0.99 in the last quarter, which was -141.50% lower than expectations of -$0.41.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 4 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CLSK is Buy with a score of 5.00. A total of 4 analysts rated the stock as Buy while 0 rated it as Overweight while 0 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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