CleanSpark Inc (CLSK) stock has risen 35.58% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With CLSK Stock Today?
CleanSpark Inc (CLSK) stock is up 12.38% while the S&P 500 is lower by -0.03% as of 10:08 AM on Thursday, Dec 10. CLSK is up $1.62 from the previous closing price of $13.09 on volume of 1,174,445 shares. Over the past year the S&P 500 has risen 17.21% while CLSK is up 123.22%. CLSK lost -$4.97 per share in the over the last 12 months.
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More About CleanSpark Inc
Cleanspark Inc is engaged in acquiring, licensing and marketing patents and technology to create sustainable energy for its energy customers. Its technology includes FLEX power system, Microgrid Technology, and Microgrid-as-a-service. In addition, the company converts various materials, including municipal solid waste, municipal sewage sludge, food and cooking waste, petroleum sludge and oily wastes, animal manures, cellulosic and non-cellulosic biomass, energy crops, scrap tires, and coal into SynGas. Its SynGas is used as clean, renewable, environmentally friendly, and warming fuel for power plants and motor vehicles, and as feedstock for the generation of di-methyl ether.
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