Analysts Mean recommendation for CleanSpark Inc. (CLSK) was 1.50: Is this the key time?

CleanSpark Inc. (CLSK) is priced at $20.68 after the most recent trading session. At the very opening of the session, the stock price was $22.063 and reached a high price of $22.37, prior to closing the session it reached the value of $22.76. The stock touched a low price of $20.05.

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Recently in News on March 26, 2021, CleanSpark Purchases Bitcoin Mining Equipment and Infrastructure; Discloses Current 95% Carbon-Free Mining. CleanSpark, Inc. (Nasdaq: CLSK) (the “Company” or “CleanSpark”), a diversified software, services, and Bitcoin mining company, today announced the order of 4,778 additional Bitmain S19 model Bitcoin mining rigs. The Company expects to receive 1,298 of the units for deployment in summer 2021 and the remaining 3,480 units in twelve equal monthly shipments starting in November 2021. These rigs are expected to deliver an estimated 740 PH/s of additional mining capacity. CleanSpark also purchased 48 custom-designed mobile mining data centers to house the units. The Company also updated current energy data on the carbon impact of its facility, progressing towards the stated goal of being the lowest energy cost, cleanest Bitcoin miner in the United States. You can read further details here


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CleanSpark Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $42.60 on 01/08/21, with the lowest value was $17.20 for the same time period, recorded on 03/25/21.

CleanSpark Inc. (CLSK) full year performance was 1783.88%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, CleanSpark Inc. shares are logging -51.45% during the 52-week period from high price, and 1870.00% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $1.05 and $42.60.

The company’s shares, operating in the sector of Technology managed to top a trading volume set approximately around 2244986 for the day, which was evidently lower, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the CleanSpark Inc. (CLSK) recorded performance in the market was -28.80%, having the revenues showcasing -24.97% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 726.04M, as it employees total of 62 workers.

The Analysts eye on CleanSpark Inc. (CLSK)

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 23.49, with a change in the price was noted +11.95. In a similar fashion, CleanSpark Inc. posted a movement of +136.94% for the period of last 100 days, recording 3,043,135 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for CLSK is recording 0.02 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.02.

Technical rundown of CleanSpark Inc. (CLSK)

Raw Stochastic average of CleanSpark Inc. in the period of last 50 days is set at 14.96%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 23.95%. In the last 20 days, the company’s Stochastic %K was 33.46% and its Stochastic %D was recorded 37.13%.

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Considering, the past performance of CleanSpark Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -28.80%. Additionally, trading for the stock in the period of the last six months notably improved by 69.55%, alongside a boost of 1783.88% for the period of the last 12 months. The shares increased approximately by -4.28% in the 7-day charts and went down by -2.48% in the period of the last 30 days. Common stock shares were lifted by -24.97% during last recorded quarter.

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