![]() ![]() Simply Wall St has no position in any stocks mentioned. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. We aim to bring you long-term focused analysis driven by fundamental data. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. This article by Simply Wall St is general in nature. ![]() ![]() Alternatively, email editorial-team (at). Have feedback on this article? Concerned about the content? Get in touch with us directly. Other High-Performing Stocks: Are there other stocks that provide better prospects with proven track records? Explore our free list of these great stocks here.Management Team: An experienced management team on the helm increases our confidence in the business – take a look at who sits on CleanSpark's board and the CEO's background.Historical Track Record: What has CleanSpark's performance been like over the past? Go into more detail in the past track record analysis and take a look at the free visual representations of our analysis for more clarity.We've also put together a list of important factors you should further research: This article is not intended to be a comprehensive analysis on CleanSpark, so if you are interested in understanding the company at a deeper level, take a look at CleanSpark's company page on Simply Wall St. The company currently operates purely off its shareholder funding and has no debt obligation, reducing concerns around repayments and making it a less risky investment. One thing we'd like to point out is that CleanSpark has no debt on its balance sheet, which is rare for a loss-making growth company, which typically has high debt relative to its equity. Given this is a high-level overview, we won't go into details of CleanSpark's upcoming projects, but, keep in mind that typically a high growth rate is not out of the ordinary, particularly when a company is in a period of investment. ![]() NasdaqCM:CLSK Earnings Per Share Growth August 11th 2022 If this rate turns out to be too aggressive, the company may become profitable much later than analysts predict. What rate will the company have to grow year-on-year in order to breakeven on this date? Using a line of best fit, we calculated an average annual growth rate of 107%, which is extremely buoyant. Therefore, the company is expected to breakeven roughly 2 years from today. They expect the company to post a final loss in 2023, before turning a profit of US$82m in 2024. The most pressing concern for investors is CleanSpark's path to profitability – when will it breakeven? Below we will provide a high-level summary of the industry analysts' expectations for the company.Īccording to the 3 industry analysts covering CleanSpark, the consensus is that breakeven is near. The US$247m market-cap company posted a loss in its most recent financial year of US$22m and a latest trailing-twelve-month loss of US$8.1m shrinking the gap between loss and breakeven. provides bitcoin mining and energy technology solutions worldwide. We feel now is a pretty good time to analyse CleanSpark, Inc.'s (NASDAQ:CLSK) business as it appears the company may be on the cusp of a considerable accomplishment. ![]()
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