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How to Buy Cleanspark Stock

Cleanspark Inc

CleanSpark, Inc. provides bitcoin mining and energy technology solutions worldwide. It operates in two segments, Digital Currency Mining and Energy. The Digital Currency Mining segment engages in mining of bitcoin.

Cleanspark stock last closed at $14.69, down 1.08% from the previous day, and has increased 234.62% in one year. It has overperformed other stocks in the Capital Markets industry by 2.23 percentage points. Cleanspark stock is currently +341.14% from its 52-week low of $3.33, and -40.57% from its 52-week high of $24.72.

At the moment, there are 198.06M shares of CLSK outstanding. The market value of CLSK is $2.91B. In the past 24 hours, 29.44M CLSK shares were traded.

How to Buy Cleanspark Stock

Not sure how to invest in Cleanspark stock? Here's how.
  1. Decide where to buy Cleanspark stock: You need to pick a stock brokerage, but don't worry - we've analyzed dozens of online brokerages and apps to help you choose where to buy Cleanspark stock.
  2. Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
  3. Put funds into your investment account: Select your method of payment and add your info.
  4. Research Cleanspark stock: The Cleanspark ticker symbol is CLSK. Is Cleanspark stock a good investment? Should you buy shares of CLSK? How do CLSK's underlying business fundamentals look? Do top analysts think Cleanspark is a good buy? Why has CLSK's stock price moved recently? (Hint: Our stock research tools can help you decide if CLSK is a good stock to buy).
  5. Make your CLSK trade: Decide if you will purchase CLSK shares at the current market price or use a limit order to purchase CLSK shares at a particular price.
  6. Monitor your investment in CLSK: Create a watchlist to get live updates on your position in Cleanspark stock.

Step 1: Decide where to buy Cleanspark stock

You need an online brokerage account in order to access the NASDAQ market and buy CLSK stock.

A brokerage account allows you to buy and sell a number of investments, including stocks, bonds, mutual funds, and ETFs.

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Step 2: Open your brokerage account

Now that you've picked the best brokerage, you need to fill out some personal information so you are able to invest in CLSK stock today.

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Step 3: Put funds into your investment account

Now that you have filled out your info on app for stock, you need to deposit funds:

Check out the walkthrough below to see the process of transferring funds into your brokerage account.

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Step 4: Research Cleanspark stock

After you have chosen the best place to buy Cleanspark stock, it's crucial to research their stock prior to investing, so you can comprehend the risk and upside.

Cleanspark shares data

CLSK Price
$14.69
1w %
-4.36%
1y %
234.62%
5y %
-55.75%
P/E
-17.7x
P/B
3.59x
P/S
12.25x
PEG
N/A
Revenue
$214.38M
Earnings
-$82.23M
Fore. Rev. Growth
55.4%
Fore. Earn. Growth
N/A
Market Cap
$2.91B
Next Earnings
May 8, 2024
Next Dividend
N/A

Cleanspark Due Diligence Checks

WallStreetZen was designed to help everyday investors perform better fundamental analysis.

You can see all of the due diligence checks on CLSK's stock page.

Is CLSK stock overvalued?

Analysts use many financial metrics, analyses, models, and charts to gauge CLSK's true value.

Using relative valuations methods:

  • CLSK may be overvalued based on its P/B ratio of 3.59x, relative to Capital Markets industry P/B ratio of 1.77x

You can access more valuation analysis on CLSK's stock here.

CLSK Financial Health Overview

Passed Financial Due Diligence Checks:

  • There are more short-term assets than short-term liabilities on the CLSK balance sheet.
  • There are more short-term assets than long-term liabilities on the CLSK balance sheet.
  • Total CLSK debt is lower than 5 years ago, relative to shareholder equity.
  • CLSK has a low debt to equity ratio of 0.06.

Failed Financial Due Diligence Checks:

  • CLSK profit margin has gone up by 0.44 percentage points in the past year, but the company is still unprofitable.
  • CLSK has $177.62M in cash and short term investments. This is not sufficient to cover its annual cash burn of $417.18M.
  • CLSK has cash burn of 417175000. It does not have sufficient cash and short-term investments to cover this.

Do Wall Street analysts think it's a good time to buy CLSK stock

Out of 6 Equities analysts who track CLSK, the consensus analyst rating on CLSK is a Strong Buy

Please keep in mind that analyst forecasts are not recommendations, nor are they investment advice.

Most Recent CLSK Analyst Forecasts

Gautam Chhugani, a top 36% analyst from Bernstein initiates coverage on CLSK with a buy rating and announces their CLSK price target of $5.30, on Oct 31, 2023.

You can dive deeper into what analysts are projecting on the Cleanspark stock forecast page.

CLSK Momentum

SMA10
15.57
SMA20
17.98
SMA50
16.65
SMA100
12.75
SMA200
8.78
MACD
-0.62
MACD Signal
-0.03
MACD Histogram
-0.6
RSI
41.48
Stochastic %K
5.59
Stochastic %D
6.52
StochRSI %K
4.82
StochRSI %D
4.76

CLSK Performance Metrics

Last year, CLSK revenue was $214.38M. In the past 5 year, CLSK's revenue has gone up by 204.16% per year. This was faster than the Capital Markets industry average of 12.86%.

You can analyze CLSK's earnings and revenue performance here.

Latest Insiders Trades at CLSK

Over the last year, executives and large shareholders at CLSK have sold more shares than they have bought.

S. Matthew Schultz, Executive Chairman of CLSK, was the latest CLSK insider to sell. They sold $8,466,690.00 worth of CLSK shares on Mar 27, 2024.

Research more about who owns CLSK shares here.

Does CLSK provide a stable income stream?

No, Cleanspark doesn't provide an income stream by paying out dividends.

CLSK Social Trading Data

One of the reasons eToro is our top-rated brokerage is because of its social trading community.

Click below to see what other community members have to say.

Step 5: Make your CLSK trade

There are two primary options:

  • Market order: A market order is an order to buy or sell a stock at the best price on the market.
    Market orders are generally fine for most investors.
  • Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
    If you want to make sure you're buying or selling at a given price limit, use a limit order.

Hit the Open button and eToro will execute your order.

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Step 6: Monitor your investment in CLSK

Now that you own some shares in CLSK, you'll want to stay up-to-date on your shares.

Start a watchlist to keep track of your CLSK stock.

CLSK Feed

How to Buy Stock in Cleanspark

To reiterate, here are the 6 steps you need to take to buy Cleanspark stock right now:

  1. Decide where to buy Cleanspark stock
  2. Open your brokerage account
  3. Put funds into your investment account
  4. Research Cleanspark stock
  5. Make your CLSK trade
  6. Monitor your investment in CLSK

If you need a place to buy stocks, eToro is our recommended venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to track your new investment in Cleanspark, get started below.

NASDAQ: CLSK
$14.69-0.16 (-1.08%)
Updated Apr 15, 2024
Open eToro Account
NASDAQ: CLSK
$14.69-0.16 (-1.08%)
Updated Apr 15, 2024
Open eToro Account

FAQ

How much does it cost to buy one Cleanspark share?

As of Apr 15, 2024, it costs $14.69 to buy one share of Cleanspark stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $7, you can buy 0.477 shares of CLSK.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Cleanspark stock?

According to 6 Wall Street analysts who monitor Cleanspark, their consensus recommendation is to buy Cleanspark stock.

What is the best way to buy Cleanspark stock?

One way to place an order for Cleanspark stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.