The price of Cleanspark Inc (NASDAQ:CLSK) shares last traded on Wall Street fell -15.62% to $9.02.
CLSK stock price is now -38.07% away from the 50-day moving average and -35.69% away from the 200-day moving average. The market capitalization of the company currently stands at $2.24B.
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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 Aug 30 ’24. The stock was sold for $14,540 at an average price of $10.77. Upon completion of the transaction, the Chief Technology Officer now directly owns 211,002 shares in the company, valued at $1.9 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 30 ’24, Officer Monnig Taylor bought 1,350 shares of the business’s stock. A total of $14,539 was incurred on buying the stock at an average price of $10.77. A total of 3.32% 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 $14.3994 and a two-hundred day moving average price translates $14.052225 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.
