CleanSpark, Inc. (NASDAQ:CLSK – Get Free Report) was the target of unusually large options trading on Monday. Stock investors bought 16,063 call options on the stock. This is an increase of approximately 90% compared to the typical daily volume of 8,456 call options.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on CLSK shares. TheStreet downgraded shares of CleanSpark from a “c-” rating to a “d” rating in a research report on Monday, September 11th. Chardan Capital increased their target price on CleanSpark from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Friday, August 11th. HC Wainwright boosted their price target on CleanSpark from $12.00 to $14.00 and gave the company a “buy” rating in a report on Thursday, August 10th. Cantor Fitzgerald reiterated an “overweight” rating and set a $10.00 price objective on shares of CleanSpark in a report on Monday. Finally, Sanford C. Bernstein began coverage on CleanSpark in a research report on Tuesday, October 31st. They issued an “outperform” rating and a $5.30 target price on the stock. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $9.30.
Institutional Investors Weigh In On CleanSpark
CleanSpark Stock Performance
CLSK opened at $4.59 on Tuesday. The business has a fifty day simple moving average of $4.04 and a 200 day simple moving average of $4.65. CleanSpark has a 1 year low of $1.74 and a 1 year high of $7.60.
CleanSpark, Inc engages in bitcoin mining operations. It develops sustainable infrastructure for Bitcoin, a tool for financial independence and inclusion. The company also provides traditional data center services to its clients, such as providing customers with rack space, power, and equipment, as well as cloud services, including virtual services, virtual storage, and data backup services.
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