Cleanspark Stock Today
| CLSK Stock | USD 19.78 0.95 4.58% |
Performance16 of 100
| Odds Of DistressLess than 41
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CleanSpark is selling for 19.78 as of the 25th of April 2024. This is a -4.58 percent decrease since the beginning of the trading day. The stock's last reported lowest price was 19.21. CleanSpark has about a 41 percent probability of financial distress in the next few years of operation but had a somewhat solid performance during the last 90 days. Equity ratings for CleanSpark are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 26th of March 2024 and ending today, the 25th of April 2024. Click here to learn more.
Business Domain Software & Services | IPO Date 29th of January 2016 | Category Financial Services | Classification Information Technology |
CleanSpark, Inc. provides bitcoin mining and energy technology solutions worldwide. CleanSpark, Inc. was incorporated in 1987 and is headquartered in Henderson, Nevada. Cleanspark operates under SoftwareApplication classification in the United States and is traded on NASDAQ Exchange. The company has 225.42 M outstanding shares of which 26.26 M shares are currently shorted by private and institutional investors with about 0.6 trading days to cover. More on CleanSpark
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CleanSpark Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. CleanSpark's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding CleanSpark or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| President CEO | Zachary Bradford | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Idea | Cleaning (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Application Software, Software & Services, Information Technology, NASDAQ Composite, Cleaning, Information Technology, Software, Software—Application, Technology (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering CleanSpark report their recommendations after researching CleanSpark's financial statements, talking to executives and customers, or listening in on CleanSpark's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering CleanSpark. The CleanSpark consensus assessment is calculated by taking the average forecast from all of the analysts covering CleanSpark. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the analysis of CleanSpark's profitability, liquidity, and operating efficiency, CleanSpark is not in a good financial situation at the present time. It has a very high chance of going through financial crunch in May. Financial strength of CleanSpark is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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CleanSpark's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to CleanSpark's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand CleanSpark's financial leverage. It provides some insight into what part of CleanSpark's total assets is financed by creditors.
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CleanSpark (CLSK) is traded on NASDAQ Exchange in USA. It is located in 10624 S. Eastern Ave., Henderson, NV, United States, 89052 and employs 130 people. CleanSpark is listed under Application Software category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 4.47 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate CleanSpark's market, we take the total number of its shares issued and multiply it by CleanSpark's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. CleanSpark conducts business under Software sector and is part of Information Technology industry. The entity has 225.42 M outstanding shares of which 26.26 M shares are currently shorted by private and institutional investors with about 0.6 trading days to cover.
CleanSpark currently holds about 3.48 M in cash with (30.39 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.07.
Check CleanSpark Probability Of Bankruptcy
Ownership AllocationCleanSpark retains a total of 225.42 Million outstanding shares. 30% of CleanSpark outstanding shares are owned by other corporate entities. Institutional investors are typically referred to investors that purchase positions in a given stock to benefit from reduced commissions. Consequently, institutional investors are subject to different rules and regulations than regular investors. Please look out for any change in current institutional holding as this could mean something significant has changed at the company or is about to change. Remember, it does not matter who owns the company or if the company is currently losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.
Check CleanSpark Ownership Details
CleanSpark Stock Price Odds Analysis
Proceeding from a normal probability distribution, the odds of CleanSpark jumping above the current price in 90 days from now is about 16.03%. The CleanSpark probability density function shows the probability of CleanSpark stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 5.1009 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, CleanSpark will likely underperform. Moreover, cleanSpark has an alpha of 1.6328, implying that it can generate a 1.63 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of CleanSpark to move above the current price in 90 days from now is about 16.03 (This CleanSpark probability density function shows the probability of CleanSpark Stock to fall within a particular range of prices over 90 days) .
CleanSpark Stock Institutional Holders
Institutional Holdings refers to the ownership stake in CleanSpark that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of CleanSpark's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing CleanSpark's value.| Instituion | Recorded On | Shares | |
| Susquehanna International Group, Llp | 2023-12-31 | 2 M | |
| Millennium Management Llc | 2023-12-31 | 1.8 M | |
| Mirae Asset Global Investments (korea) Co Ltd | 2023-12-31 | 1.8 M | |
| Jane Street Group, Llc | 2023-12-31 | 1.6 M | |
| Northern Trust Corp | 2023-12-31 | 1.4 M | |
| Charles Schwab Investment Management Inc | 2023-12-31 | 1.4 M | |
| Cubist Systematic Strategies, Llc | 2023-12-31 | 1.3 M | |
| Nuveen Asset Management, Llc | 2023-12-31 | 1.2 M | |
| Vident Advisory, Llc | 2023-12-31 | 1.1 M | |
| Blackrock Inc | 2023-12-31 | 11.9 M | |
| Dimensional Fund Advisors, Inc. | 2023-12-31 | 8.4 M |
CleanSpark Historical Income Statement
CleanSpark Income Statement is one of the three primary financial statements used for reporting CleanSpark's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of CleanSpark revenue and expense. CleanSpark Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, CleanSpark's Cost Of Revenue is quite stable compared to the past year. Income Tax Expense is expected to rise to about 1 M this year, although the value of EBIT is projected to rise to (105 M). View More FundamentalsCleanSpark Stock Against Markets
Picking the right benchmark for CleanSpark stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in CleanSpark stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for CleanSpark is critical whether you are bullish or bearish towards CleanSpark at a given time. Please also check how CleanSpark's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in CleanSpark without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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CleanSpark Corporate Management
Elected by the shareholders, the CleanSpark's board of directors comprises two types of representatives: CleanSpark inside directors who are chosen from within the company, and outside directors, selected externally and held independent of CleanSpark. The board's role is to monitor CleanSpark's management team and ensure that shareholders' interests are well served. CleanSpark's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, CleanSpark's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Rachel Silverstein | SVP Counsel | Profile | |
| Bernardo Schucman | VP Division | Profile | |
| Gary CPA | Chief Officer | Profile | |
| Bradley Audiss | Vice Operations | Profile | |
| Scott Garrison | Senior Growth | Profile | |
| Owen Cadwalader | VP Operations | Profile | |
| Isaac Holyoak | Chief Officer | Profile |
How to buy CleanSpark Stock?
Before investing in CleanSpark, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in CleanSpark. To buy CleanSpark stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of CleanSpark. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase CleanSpark stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located CleanSpark stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased CleanSpark stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as CleanSpark, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy CleanSpark Stock please use our How to Invest in CleanSpark guide.
Already Invested in CleanSpark?
The danger of trading CleanSpark is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of CleanSpark is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than CleanSpark. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile CleanSpark is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether CleanSpark is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if CleanSpark Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Cleanspark Stock. Highlighted below are key reports to facilitate an investment decision about Cleanspark Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CleanSpark. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. For more information on how to buy CleanSpark Stock please use our How to buy in CleanSpark Stock guide.You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Complementary Tools for CleanSpark Stock analysis
When running CleanSpark's price analysis, check to measure CleanSpark's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CleanSpark is operating at the current time. Most of CleanSpark's value examination focuses on studying past and present price action to predict the probability of CleanSpark's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CleanSpark's price. Additionally, you may evaluate how the addition of CleanSpark to your portfolios can decrease your overall portfolio volatility.
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Is CleanSpark's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of CleanSpark. If investors know CleanSpark will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about CleanSpark listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.69) | Revenue Per Share 1.639 | Quarterly Revenue Growth 1.652 | Return On Assets (0.07) | Return On Equity (0.12) |
The market value of CleanSpark is measured differently than its book value, which is the value of CleanSpark that is recorded on the company's balance sheet. Investors also form their own opinion of CleanSpark's value that differs from its market value or its book value, called intrinsic value, which is CleanSpark's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because CleanSpark's market value can be influenced by many factors that don't directly affect CleanSpark's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between CleanSpark's value and its price as these two are different measures arrived at by different means. Investors typically determine if CleanSpark is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CleanSpark's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.