CleanSpark Inc (CLSK) stock is higher by 55.51% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.
What is Stock Sentiment?
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With CLSK Stock Today?
CleanSpark Inc (CLSK) stock is up 18.39% while the S&P 500 is lower by -0.93% as of 10:50 AM on Thursday, Jul 9. CLSK is higher by $0.57 from the previous closing price of $3.10 on volume of 18,783,998 shares. Over the past year the S&P 500 is higher by 5.40% while CLSK is lower by -80.48%. CLSK lost -$5.10 per share in the over the last 12 months.
To see InvestorsObserver's Sentiment Score for CleanSpark Inc click here.
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.
