Market Slump Drags Down Share Prices of These 15 Companies

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11. CleanSpark Inc. (CLSK)

CleanSpark saw a decline in its share price on the last trading day of the week, shedding 5.6 percent to finish at $9.78 apiece.

Friday’s trading day sparked a selloff, mirroring major indices, amid the lack of catalyst to perk up the market.

Over the past two months, several analysts have also posted a more pessimistic outlook on the company, downgrading their earnings per share (EPS) estimates from +$0.12 to -$0.30.

In the past 30 days, its share valuation decreased by 29 percent. Its stock has also been trading significantly below its 50-day moving average of $12.96 and its 200-day moving average of $13.07.

CleanSpark is a Bitcoin mining company which owns sustainable data centers powered by low-carbon energy sources. Its stock price mirrors Bitcoin performance which means that any volatility in Bitcoin trading will significantly affect CleanSpark’s share prices.

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