Shares of CleanSpark, Inc. (NASDAQ:CLSK - Get Free Report) rose 0.5% during mid-day trading on Thursday . The company traded as high as $12.15 and last traded at $11.38. Approximately 12,893,030 shares changed hands during mid-day trading, a decline of 59% from the average daily volume of 31,665,242 shares. The stock had previously closed at $11.32.
Analysts Set New Price Targets
CLSK has been the topic of several research analyst reports. Macquarie boosted their price objective on CleanSpark from $20.00 to $24.00 and gave the company an "outperform" rating in a research report on Wednesday, December 4th. JPMorgan Chase & Co. raised CleanSpark from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $10.50 to $17.00 in a report on Tuesday, December 10th. HC Wainwright reaffirmed a "buy" rating and set a $27.00 price objective on shares of CleanSpark in a report on Tuesday, December 3rd. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $23.00 target price on shares of CleanSpark in a report on Thursday, October 3rd. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $23.17.
Read Our Latest Analysis on CleanSpark
CleanSpark Trading Down 3.6 %
The firm has a market cap of $3.19 billion, a P/E ratio of -18.81 and a beta of 4.16. The stock has a 50 day simple moving average of $12.90 and a 200-day simple moving average of $13.20.
Institutional Investors Weigh In On CleanSpark
Several large investors have recently bought and sold shares of the business. National Bank of Canada FI grew its stake in shares of CleanSpark by 470.9% in the 2nd quarter. National Bank of Canada FI now owns 2,569 shares of the company's stock worth $41,000 after buying an additional 2,119 shares in the last quarter. Hollencrest Capital Management bought a new stake in CleanSpark during the second quarter worth approximately $48,000. KBC Group NV increased its stake in CleanSpark by 42.0% during the third 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 last quarter. Amalgamated Bank raised its position in CleanSpark by 18.4% during the second quarter. Amalgamated Bank now owns 7,667 shares of the company's stock valued at $122,000 after purchasing an additional 1,194 shares during the period. Finally, DekaBank Deutsche Girozentrale lifted its stake in shares of CleanSpark by 21.2% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 7,689 shares of the company's stock valued at $75,000 after purchasing an additional 1,345 shares during the last quarter. Institutional investors own 43.12% of the company's stock.
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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