Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Cleanspark Inc’s current trading price is -56.31% away from its 52-week high, while its distance from the 52-week low is 68.49%. The stock’s price range during this period has varied between $6.41 and $24.72. The company, active in the Financial sector, saw a trading volume of around 26.24 million for the day, considerably lower average daily volume of 35.55 million observed over the last three months.
Cleanspark Inc’s stock has had a tumultuous market performance. The 1-year high for the company’s stock was $24.72 on 03/27/24, and the lowest price during the same period was recorded at $6.41 on 01/19/24.
How Financial Performance Impacts Market Capitalization
Cleanspark Inc (CLSK) has experienced a quarterly rise of 22.87% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 3.61B and boasts a workforce of 270 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 11.38, with a change in price of -0.66. Similarly, Cleanspark Inc recorded 29,774,275 in trading volume during the last 100 days, posting a change of -5.76%.
How CLSK’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for CLSK stands at 0.04. Similarly, the long-term debt-to-equity ratio is also 0.00.
CLSK Stock Stochastic Average
As of today, the raw stochastic average of Cleanspark Inc over the past 50 days is 19.85%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 24.58%. Additionally, the Stochastic %K and %D values for the company were 11.02% and 6.22%, respectively, over the past 20 days.
CLSK Stock Price Performance Analysis
The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. The index has shown a price gain of 17.26% this year. Over the last six months, there has been a stronger performance of -33.13%. The price of CLSK leaped by -22.58% during the last 30 days period. For the last 5-days stocks have improved 4.25%.
