10 Biggest Losers of This Week

7. CleanSpark Inc.  (CLSK)

Shares of CleanSpark (CLSK) dropped by 3 percent to $10.66 from the $11.08 opening price on Monday.

Despite the decline, CleanSpark’s stock remains significantly below its 50-day moving average of $12.96 and its 200-day moving average of $13.07. The company has a market cap of $3 billion and a price-to-earnings ratio of -17.69, reflecting negative earnings.

Analysts have revised their earnings per share (EPS) estimates downward from +$0.12 to -$0.30 over the past two months, signaling a more pessimistic outlook. CleanSpark is a leading Bitcoin miner, specializing in sustainable data centers powered by low-carbon energy sources. The stock price of the stock moves in tandem with bitcoin and the volatility in bitcoin price also affects CLSK’s stock price.