Is Cleanspark Inc (NASDAQ: CLSK) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Most recently, Yahoo Finance reported about the stock as it publicized that CleanSpark Releases February 2024 Bitcoin Mining Update.

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Stocks Info

CLSK belongs to the Financial sector of the NASDAQ while operating in the Capital Markets industry. The current market capitalization of Cleanspark Inc is $4.01B. A total of 57.79 million shares were traded on the day, compared to an average of 33.34M shares.

In the most recent transaction, Schultz S. Matthew sold 322,400 shares of CLSK for 20.95 per share on Feb 27 ’24. After the transaction, the Executive Chairman now owns 2,698,768 company shares. In a previous transaction on Feb 27 ’24, Vecchiarelli Gary Anthony sold 26,244 shares at 20.93 per share. CLSK shares that Chief Financial Officer owns now total 554,391.

Among the insiders who sold shares, Beynon Roger Paul disposed of 10,976 shares on Feb 14 ’24 at a per-share price of $17.85. This resulted in the Director holding 141,381 shares of CLSK after the transaction. In another insider transaction, McNeill Larry sold 40,000 shares at $10.42 per share on Dec 08 ’23. Company shares held by the Director now total 249,637.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, CLSK has a high of $23.45 and a low of $2.04.

As of this writing, CLSK has an earnings estimate of -$0.07 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of -$0.02 per share and a lower estimate of -$0.12. The company reported an EPS of -$0.63 in the last quarter, which was -384.60% lower than expectations of -$0.13.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. CLSK’s latest balance sheet shows that the firm has $38.93M in Cash & Short Term Investments as of fiscal 2021. There were $1.54M in debt and $10.06M in liabilities at the time. Its Book Value Per Share was $4.37, while its Total Shareholder’s Equity was $305.72M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. 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 4.67.

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