Investing In Cleanspark Inc (NASDAQ: CLSK): Why Should You?

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. Earlier, Yahoo Finance discussed this stock as it revealed CleanSpark Releases February 2024 Bitcoin Mining Update.

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Stocks Info

The company is listed on the NASDAQ and operates within the Capital Markets industry segment. The current market capitalization of Cleanspark Inc is $4.63B. A total of 47.95 million shares were traded on the day, compared to an average of 35.30M shares.

In the most recent transaction, Bradford Zachary sold 443,000 shares of CLSK for 20.31 per share on Mar 21 ’24. After the transaction, the CEO and President now owns 2,795,863 company shares. In a previous transaction on Feb 27 ’24, Schultz S. Matthew sold 322,400 shares at 20.95 per share. CLSK shares that Executive Chairman owns now total 2,698,768.

Among the insiders who sold shares, Vecchiarelli Gary Anthony disposed of 26,244 shares on Feb 27 ’24 at a per-share price of $20.93. This resulted in the Chief Financial Officer holding 554,391 shares of CLSK after the transaction. In another insider transaction, Beynon Roger Paul sold 10,976 shares at $17.85 per share on Feb 14 ’24. Company shares held by the Director now total 141,381.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, CLSK has a high of $23.45 and a low of $2.38.

As of this writing, CLSK has an earnings estimate of -$0.02 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $0.07 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 equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. 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 $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 may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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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