CleanSpark, Inc. (NASDAQ:CLSK - Get Free Report)'s share price rose 8% during mid-day trading on Wednesday . The stock traded as high as $11.25 and last traded at $11.18. Approximately 12,876,219 shares traded hands during mid-day trading, a decline of 41% from the average daily volume of 21,899,061 shares. The stock had previously closed at $10.35.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on the stock. JPMorgan Chase & Co. raised shares of CleanSpark from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $10.50 to $17.00 in a research note on Tuesday, December 10th. Macquarie upped their price objective on shares of CleanSpark from $20.00 to $24.00 and gave the company an "outperform" rating in a research note on Wednesday, December 4th. HC Wainwright reissued a "buy" rating and issued a $27.00 target price on shares of CleanSpark in a research note on Tuesday, December 3rd. Finally, Cantor Fitzgerald restated an "overweight" rating and set a $23.00 price target on shares of CleanSpark in a report on Thursday, October 3rd. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $23.17.
View Our Latest Analysis on CLSK
CleanSpark Trading Up 8.2 %
The business's 50 day moving average price is $12.46 and its two-hundred day moving average price is $12.26. The stock has a market cap of $3.28 billion, a P/E ratio of -19.31 and a beta of 4.26.
Institutional Trading of CleanSpark
Several large investors have recently bought and sold shares of the company. Hollencrest Capital Management bought a new position in shares of CleanSpark in the 2nd quarter worth approximately $48,000. GAMMA Investing LLC raised its holdings in CleanSpark by 962.1% in the fourth quarter. GAMMA Investing LLC now owns 3,951 shares of the company's stock worth $36,000 after purchasing an additional 3,579 shares in the last quarter. KBC Group NV lifted its position in CleanSpark by 42.0% during the third quarter. KBC Group NV now owns 7,403 shares of the company's stock valued at $69,000 after buying an additional 2,190 shares during the period. Amalgamated Bank boosted its holdings in shares of CleanSpark by 18.4% during the 2nd quarter. Amalgamated Bank now owns 7,667 shares of the company's stock valued at $122,000 after buying an additional 1,194 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale grew its position in shares of CleanSpark by 21.2% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 7,689 shares of the company's stock worth $75,000 after buying an additional 1,345 shares during the period. 43.12% of the stock is owned by institutional investors.
CleanSpark Company Profile
(
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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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