CleanSpark (OTCMKTS:CLSK) Shares Gap Up to $2.52

CleanSpark Inc (OTCMKTS:CLSK) shares gapped up before the market opened on Monday . The stock had previously closed at $2.64, but opened at $2.52. CleanSpark shares last traded at $2.94, with a volume of 20,636,261 shares.

A number of research firms have commented on CLSK. Zacks Investment Research cut shares of CleanSpark from a “buy” rating to a “hold” rating in a report on Monday, May 25th. HC Wainwright restated a “buy” rating and issued a $18.00 price target on shares of CleanSpark in a report on Sunday, April 12th.

The company has a quick ratio of 6.58, a current ratio of 6.58 and a debt-to-equity ratio of 0.15. The business’s fifty day simple moving average is $2.10 and its 200 day simple moving average is $3.01.

CleanSpark (OTCMKTS:CLSK) last posted its quarterly earnings results on Tuesday, May 12th. The company reported ($1.13) EPS for the quarter, missing analysts’ consensus estimates of ($1.06) by ($0.07). The business had revenue of $3.66 million for the quarter, compared to analyst estimates of $2.31 million. Equities analysts predict that CleanSpark Inc will post -6.25 EPS for the current fiscal year.

A hedge fund recently bought a new stake in CleanSpark stock. Townsquare Capital LLC acquired a new stake in shares of CleanSpark Inc (OTCMKTS:CLSK) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 24,425 shares of the company’s stock, valued at approximately $33,000. Townsquare Capital LLC owned about 0.50% of CleanSpark at the end of the most recent reporting period.

CleanSpark Company Profile (OTCMKTS:CLSK)

CleanSpark, Inc provides energy software and control technology in the United States. The company offers an integrated distributed energy management control platform that provides energy generation with storage devices, as well as controls facility loads to provide energy security in real time to commercial, industrial, mining, defense, campus, and residential users.

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