CleanSpark, Inc. (NASDAQ:CLSK - Get Free Report)'s stock price gapped up prior to trading on Thursday . The stock had previously closed at $12.83, but opened at $13.25. CleanSpark shares last traded at $13.12, with a volume of 6,437,399 shares traded.
Analyst Upgrades and Downgrades
A number of analysts have issued reports on CLSK shares. JPMorgan Chase & Co. upgraded shares of CleanSpark from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $10.50 to $17.00 in a research note on Tuesday. Macquarie boosted their price target on CleanSpark from $20.00 to $24.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 4th. Cantor Fitzgerald reissued an "overweight" rating and set a $23.00 price objective on shares of CleanSpark in a report on Thursday, October 3rd. Finally, HC Wainwright reissued a "buy" rating and issued a $27.00 price objective on shares of CleanSpark in a research note on Tuesday, December 3rd. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, CleanSpark currently has an average rating of "Buy" and a consensus target price of $23.17.
Check Out Our Latest Stock Report on CLSK
CleanSpark Trading Down 3.9 %
The firm has a 50-day moving average of $12.66 and a two-hundred day moving average of $13.36. The firm has a market cap of $3.61 billion, a price-to-earnings ratio of -21.26 and a beta of 4.16.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the business. Hollencrest Capital Management lifted its stake in shares of CleanSpark by 33.3% in the third quarter. Hollencrest Capital Management now owns 4,000 shares of the company's stock valued at $37,000 after buying an additional 1,000 shares during the period. National Bank of Canada FI raised its holdings in CleanSpark by 470.9% in the 2nd quarter. National Bank of Canada FI now owns 2,569 shares of the company's stock valued at $41,000 after acquiring an additional 2,119 shares in the last quarter. KBC Group NV lifted its position in shares of CleanSpark by 42.0% in the 3rd quarter. KBC Group NV now owns 7,403 shares of the company's stock worth $69,000 after acquiring an additional 2,190 shares during the period. DekaBank Deutsche Girozentrale grew its holdings in shares of CleanSpark by 21.2% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 7,689 shares of the company's stock worth $75,000 after purchasing an additional 1,345 shares in the last quarter. Finally, Doliver Advisors LP bought a new stake in shares of CleanSpark during the third quarter valued at approximately $117,000. 43.12% of the stock is currently owned by institutional investors and hedge funds.
About CleanSpark
(
Get Free Report)
CleanSpark, Inc operates as a bitcoin miner in the Americas. It owns and operates data centers that primarily run on low-carbon power. Its infrastructure supports Bitcoin, a digital commodity and a tool for financial independence and inclusion. The company was formerly known as Stratean Inc and changed its name to CleanSpark, Inc in November 2016.
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