Cleanspark Inc (NASDAQ:CLSK) shares traded 1.63% higher at $18.13 on Wall Street last session.
CLSK stock price is now 7.55% away from the 50-day moving average and 43.26% away from the 200-day moving average. The market capitalization of the company currently stands at $4.13B.
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With the price target reduced from $9 to $8, JP Morgan Downgraded its rating from Overweight to Neutral for Cleanspark Inc (NASDAQ: CLSK). On October 31, 2023, Bernstein recently initiated its ‘Outperform’ rating on the stock quoting a target price of $5.30, while ‘JP Morgan’ rates the stock as ‘Overweight’
In other news, Monnig Taylor, Chief Technology Officer sold 1,350 shares of the company’s stock on Jun 28 ’24. The stock was sold for $21,640 at an average price of $16.03. Upon completion of the transaction, the Chief Technology Officer now directly owns 213,702 shares in the company, valued at $3.87 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 31 ’24, Chief Technology Officer Monnig Taylor sold 1,350 shares of the business’s stock. A total of $22,477 was realized by selling the stock at an average price of $16.65. This leaves the insider owning 215,052 shares of the company worth $3.9 million. A total of 3.30% of the company’s stock is owned by insiders.
During the past 12 months, Cleanspark Inc has had a low of $3.38 and a high of $24.72. As of last week, the company has a debt-to-equity ratio of 0.01, a current ratio of 12.50, and a quick ratio of 12.48. The fifty day moving average price for CLSK is $16.893 and a two-hundred day moving average price translates $12.72905 for the stock.
The latest earnings results from Cleanspark Inc (NASDAQ: CLSK) was released for 2024-03-31. The net profit margin was 21.20% and return on equity was 7.14% for CLSK. The company reported revenue of $111.8 million for the quarter, compared to $42.55 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 162.77 percent.
