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Friday, June 9, 2023

The Street Is Finally Waking Up To CleanSpark Inc. (NASDAQ: CLSK)

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 broken, with the stock’s consolidated last price falling by -$0.03, or -0.70%, to $4.24. The CleanSpark Inc. has recorded 47,552 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed CleanSpark Releases April 2023 Bitcoin Mining Update.

<25-cent Stock Takes $11T Commodities Sector Digital

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All the details are in the FREE online report you can get here.


Stocks Info

CleanSpark Inc. is listed on the NASDAQ as a member of the Financial sector and is a part of the Capital Markets industry. At the end of the last regular session, the stock closed at $4.27 and fluctuated between $4.4500 as its day high and $4.2150 as its day low. The current market capitalization of CleanSpark Inc. is $316.41M. A total of 5.79 million shares were traded on the day, compared to an average of 6.21M shares.

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, CLSK has seen 3 BUY and 3 SELL insider trades, representing the acquisition of 1,342,500 and the disposition of 539,961 shares. Over the last 12 months, there were 15 BUYs and 6 SELLs from insiders. Insiders purchased 5,972,452 shares during that period but sold 900,821.

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 $7.75 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 $6.84 and a low of $1.74.

As of this writing, CLSK has an earnings estimate of -$0.33 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of -$0.21 per share and a lower estimate of -$0.52. 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. CLSK’s latest balance sheet shows that the firm has $42.40M in Cash & Short Term Investments as of fiscal 2021. There were $2.36M in debt and $10.06M in liabilities at the time. Its Book Value Per Share was $6.43, while its Total Shareholder’s Equity was $305.72M.

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, 0 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.

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