CleanSpark, Inc. (CLSK, Financial) is experiencing a notable increase in bullish sentiment as evidenced by the significant rise in options trading activity. The company saw 54,816 call options change hands, surpassing the typical volume by 20%. This uptick in activity has driven the implied volatility up by nearly 16 points, reaching 106.16%.
The most heavily traded options are the 4/11 weekly $7.50 calls and the April 2025 $8 calls, with these two strikes alone accounting for approximately 23,200 contracts. This heightened interest in call options positions the Put/Call Ratio at a low 0.29, indicating a strong leaning towards bullish expectations among investors.
Market participants are closely watching CleanSpark as the company approaches its upcoming earnings announcement, scheduled for May 8th. This surge in options activity suggests that investors are positioning themselves in anticipation of potential positive developments for the firm.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 7 analysts, the average target price for Cleanspark Inc (CLSK, Financial) is $20.14 with a high estimate of $27.00 and a low estimate of $16.00. The average target implies an upside of 169.29% from the current price of $7.48. More detailed estimate data can be found on the Cleanspark Inc (CLSK) Forecast page.
Based on the consensus recommendation from 9 brokerage firms, Cleanspark Inc's (CLSK, Financial) average brokerage recommendation is currently 1.9, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Cleanspark Inc (CLSK, Financial) in one year is $10.61, suggesting a upside of 41.84% from the current price of $7.48. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Cleanspark Inc (CLSK) Summary page.
