The price of Cleanspark Inc (NASDAQ:CLSK) shares last traded on Wall Street fell -2.62% to $11.16.
CLSK stock price is now -31.15% away from the 50-day moving average and -17.20% away from the 200-day moving average. The market capitalization of the company currently stands at $2.54B.
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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, Officer bought 1,350 shares of the company’s stock on Jul 26 ’24. The stock was bought for $22,910 at an average price of $16.97. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 26 ’24, Chief Technology Officer Monnig Taylor sold 1,350 shares of the business’s stock. A total of $22,910 was realized by selling the stock at an average price of $16.97. This leaves the insider owning 212,352 shares of the company worth $2.37 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 8.94, and a quick ratio of 8.94. The fifty day moving average price for CLSK is $16.1036 and a two-hundred day moving average price translates $13.510075 for the stock.
The latest earnings results from Cleanspark Inc (NASDAQ: CLSK) was released for 2024-06-30. The net profit margin was -47.31% and return on equity was -15.25% for CLSK. The company reported revenue of $104.11 million for the quarter, compared to $45.52 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 128.69 percent.
