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 -41.90% away from its 52-week high, while its distance from the 52-week low is 61.81%. The stock’s price range during this period has varied between $6.45 and $17.97. The company, active in the Financial sector, saw a trading volume of around 17.81 million for the day, considerably lower average daily volume of 27.08 million observed over the last three months.
Cleanspark Inc (CLSK) has a current stock price of $10.44. During the previous trading session, the stock witnessed a notable rise, reaching a high of $25.0 after opening at $10.44. The stock’s low for the day was $15.0, and it eventually closed at $11.37.
Cleanspark Inc’s stock market performance has been consistent.
How Financial Performance Impacts Market Capitalization
Cleanspark Inc (CLSK) has experienced a quarterly rise of 20.42% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 2.93B and boasts a workforce of 270 employees.
Decoding Analysts’ Ratings for Cleanspark Inc
As of right now, 7 analysts are rating Cleanspark Inc as a BUY, 4 of the polled analysts branded the stock as an OVERWEIGHT, 1 analyst is recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 analyst is rating the stock as SELL.
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 9.49, with a change in price of +2.46. Similarly, Cleanspark Inc recorded 26,497,563 in trading volume during the last 100 days, posting a change of +30.83%.
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 0.34. Similarly, the long-term debt-to-equity ratio is also 0.34.
CLSK Stock Stochastic Average
As of today, the raw stochastic average of Cleanspark Inc over the last 50 days is at 38.78%. This shows a increasee from the raw stochastic average of the previous 20 days, which was recorded at 6.12%. Further, the company’s Stochastic %K and %D values for the last 20 days were 9.91% and 20.75%, respectively.
CLSK Stock Price Performance Analysis
Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. The index has shown a price loss of -35.91% this year. Over the last six months, there has been a stronger performance of -4.83%. The price of CLSK leaped by -16.35% during the last 30 days period. For the last 5-days stocks have slided -11.68%.
