CleanSpark Cash vs Common Stock Shares Outstanding Analysis

CLSK Stock

USD 13.86 0.83 6.37%

CleanSpark financial indicator trend analysis is way more than just evaluating CleanSpark prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CleanSpark is a good investment. Please check the relationship between CleanSpark Cash and its Common Stock Shares Outstanding accounts. 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 closely tied 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.

Cash vs Common Stock Shares Outstanding

Cash vs Common Stock Shares Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CleanSpark Cash account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have almost identical trend.

The correlation between CleanSpark's Cash and Common Stock Shares Outstanding is 0.97. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of CleanSpark, assuming nothing else is changed. The correlation between historical values of CleanSpark's Cash and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of CleanSpark are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Cash i.e., CleanSpark's Cash and Common Stock Shares Outstanding go up and down completely randomly.

Correlation Coefficient

0.97

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Cash

Cash refers to the most liquid asset of CleanSpark, which is listed under current asset account on CleanSpark balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from CleanSpark customers. The amounts must be unrestricted with restricted cash listed in a different CleanSpark account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

Most indicators from CleanSpark's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CleanSpark current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. 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 closely tied 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.At this time, CleanSpark's Selling General Administrative is quite stable compared to the past year. Tax Provision is expected to rise to about 1 M this year, although Enterprise Value Over EBITDA will most likely fall to (47.12).

CleanSpark fundamental ratios Correlations

	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Common Stock Total Equity	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Short Term Debt	Common Stock	Total Assets	Cash	Cash And Short Term Investments	Total Current Assets	Other Current Assets	Net Tangible Assets	Property Plant And Equipment Net	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Non Current Liabilities Total	Property Plant And Equipment Gross
Short Long Term Debt Total		0.64	0.9	0.91	0.54	-0.47	-0.89	0.88	0.82	0.89	0.92	0.93	0.99	0.83	0.92	0.91	0.86	0.88	-0.08	0.94	0.93	0.92	0.39	0.82	1.0	0.93
Other Current Liab	0.64		0.64	0.76	0.52	-0.82	-0.78	0.62	0.67	0.69	0.76	0.65	0.63	0.6	0.75	0.81	0.76	0.79	-0.19	0.83	0.73	0.74	0.24	0.92	0.64	0.75
Total Current Liabilities	0.9	0.64		0.98	0.48	-0.67	-0.93	1.0	0.82	1.0	0.98	1.0	0.94	0.98	0.99	0.95	0.98	0.97	-0.15	0.92	0.99	0.99	0.39	0.72	0.88	0.98
Total Stockholder Equity	0.91	0.76	0.98		0.52	-0.74	-0.94	0.98	0.85	0.99	1.0	0.98	0.94	0.96	1.0	0.99	0.99	0.99	-0.17	0.97	1.0	1.0	0.42	0.83	0.9	1.0
Current Deferred Revenue	0.54	0.52	0.48	0.52		-0.5	-0.65	0.46	0.45	0.5	0.56	0.5	0.51	0.45	0.52	0.6	0.52	0.54	0.44	0.53	0.5	0.51	0.3	0.58	0.55	0.51
Net Debt	-0.47	-0.82	-0.67	-0.74	-0.5		0.75	-0.68	-0.51	-0.73	-0.75	-0.65	-0.49	-0.67	-0.73	-0.78	-0.81	-0.8	-0.05	-0.7	-0.71	-0.72	-0.09	-0.72	-0.47	-0.72
Retained Earnings	-0.89	-0.78	-0.93	-0.94	-0.65	0.75		-0.92	-0.79	-0.94	-0.96	-0.94	-0.9	-0.89	-0.95	-0.96	-0.94	-0.95	0.02	-0.93	-0.94	-0.94	-0.29	-0.82	-0.89	-0.94
Accounts Payable	0.88	0.62	1.0	0.98	0.46	-0.68	-0.92		0.81	1.0	0.98	0.99	0.92	0.98	0.98	0.94	0.98	0.97	-0.15	0.9	0.98	0.98	0.39	0.69	0.86	0.97
Common Stock Total Equity	0.82	0.67	0.82	0.85	0.45	-0.51	-0.79	0.81		0.83	0.85	0.83	0.85	0.87	0.85	0.81	0.81	0.82	-0.36	0.86	0.85	0.86	0.6	0.73	0.8	0.86
Common Stock Shares Outstanding	0.89	0.69	1.0	0.99	0.5	-0.73	-0.94	1.0	0.83		0.99	0.99	0.92	0.98	0.99	0.97	0.99	0.99	-0.15	0.93	0.99	0.99	0.39	0.75	0.86	0.99
Other Stockholder Equity	0.92	0.76	0.98	1.0	0.56	-0.75	-0.96	0.98	0.85	0.99		0.99	0.94	0.96	1.0	0.99	0.99	0.99	-0.13	0.97	1.0	1.0	0.39	0.82	0.9	0.99
Total Liab	0.93	0.65	1.0	0.98	0.5	-0.65	-0.94	0.99	0.83	0.99	0.99		0.96	0.97	0.99	0.96	0.97	0.97	-0.14	0.94	0.99	0.99	0.39	0.75	0.91	0.99
Short Term Debt	0.99	0.63	0.94	0.94	0.51	-0.49	-0.9	0.92	0.85	0.92	0.94	0.96		0.89	0.94	0.92	0.89	0.9	-0.17	0.94	0.95	0.95	0.47	0.79	0.98	0.95
Common Stock	0.83	0.6	0.98	0.96	0.45	-0.67	-0.89	0.98	0.87	0.98	0.96	0.97	0.89		0.96	0.91	0.96	0.95	-0.21	0.87	0.96	0.96	0.47	0.65	0.81	0.95
Total Assets	0.92	0.75	0.99	1.0	0.52	-0.73	-0.95	0.98	0.85	0.99	1.0	0.99	0.94	0.96		0.98	0.99	0.99	-0.16	0.97	1.0	1.0	0.41	0.82	0.9	1.0
Cash	0.91	0.81	0.95	0.99	0.6	-0.78	-0.96	0.94	0.81	0.97	0.99	0.96	0.92	0.91	0.98		0.98	0.99	-0.04	0.98	0.98	0.98	0.32	0.89	0.91	0.98
Cash And Short Term Investments	0.86	0.76	0.98	0.99	0.52	-0.81	-0.94	0.98	0.81	0.99	0.99	0.97	0.89	0.96	0.99	0.98		1.0	-0.12	0.94	0.99	0.99	0.37	0.8	0.84	0.98
Total Current Assets	0.88	0.79	0.97	0.99	0.54	-0.8	-0.95	0.97	0.82	0.99	0.99	0.97	0.9	0.95	0.99	0.99	1.0		-0.13	0.96	0.99	0.99	0.37	0.84	0.86	0.99
Other Current Assets	-0.08	-0.19	-0.15	-0.17	0.44	-0.05	0.02	-0.15	-0.36	-0.15	-0.13	-0.14	-0.17	-0.21	-0.16	-0.04	-0.12	-0.13		-0.18	-0.17	-0.17	-0.53	-0.05	-0.03	-0.18
Net Tangible Assets	0.94	0.83	0.92	0.97	0.53	-0.7	-0.93	0.9	0.86	0.93	0.97	0.94	0.94	0.87	0.97	0.98	0.94	0.96	-0.18		0.97	0.97	0.42	0.93	0.93	0.98
Property Plant And Equipment Net	0.93	0.73	0.99	1.0	0.5	-0.71	-0.94	0.98	0.85	0.99	1.0	0.99	0.95	0.96	1.0	0.98	0.99	0.99	-0.17	0.97		1.0	0.42	0.81	0.91	1.0
Non Current Assets Total	0.92	0.74	0.99	1.0	0.51	-0.72	-0.94	0.98	0.86	0.99	1.0	0.99	0.95	0.96	1.0	0.98	0.99	0.99	-0.17	0.97	1.0		0.42	0.82	0.9	1.0
Non Currrent Assets Other	0.39	0.24	0.39	0.42	0.3	-0.09	-0.29	0.39	0.6	0.39	0.39	0.39	0.47	0.47	0.41	0.32	0.37	0.37	-0.53	0.42	0.42	0.42		0.29	0.35	0.42
Long Term Debt	0.82	0.92	0.72	0.83	0.58	-0.72	-0.82	0.69	0.73	0.75	0.82	0.75	0.79	0.65	0.82	0.89	0.8	0.84	-0.05	0.93	0.81	0.82	0.29		0.83	0.84
Non Current Liabilities Total	1.0	0.64	0.88	0.9	0.55	-0.47	-0.89	0.86	0.8	0.86	0.9	0.91	0.98	0.81	0.9	0.91	0.84	0.86	-0.03	0.93	0.91	0.9	0.35	0.83		0.91
Property Plant And Equipment Gross	0.93	0.75	0.98	1.0	0.51	-0.72	-0.94	0.97	0.86	0.99	0.99	0.99	0.95	0.95	1.0	0.98	0.98	0.99	-0.18	0.98	1.0	1.0	0.42	0.84	0.91

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CleanSpark Account Relationship Matchups

CleanSpark fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Short Long Term Debt Total	572.5K	2.4M	22.2M	16.7M	19.3M	20.2M
Other Current Liab	750K	2.3M	1.2M	1.2M	1.4M	1.4M
Total Current Liabilities	5.4M	10.1M	34.0M	74.1M	85.2M	89.4M
Total Stockholder Equity	16.4M	305.7M	404.0M	677.2M	778.8M	817.8M
Net Debt	(2.6M)	(15.7M)	1.8M	(12.5M)	(11.2M)	(10.7M)
Retained Earnings	(116.4M)	(138.4M)	(196.1M)	(332.6M)	(299.4M)	(284.4M)
Accounts Payable	4.5M	7.0M	24.7M	65.6M	75.4M	79.2M
Common Stock Total Equity	4.7K	17.4K	37.4K	55.7K	64.0K	67.2K
Common Stock Shares Outstanding	9.6M	29.4M	42.6M	102.7M	118.1M	124.0M
Other Stockholder Equity	132.8M	444.1M	599.9M	1.0B	1.2B	1.2B
Total Liab	5.9M	11.8M	48.6M	84.4M	97.0M	101.9M
Short Term Debt	41.3K	517.9K	8.2M	7.3M	8.4M	8.8M
Common Stock	17.4K	37.4K	55.7K	160K	184K	193.2K
Total Assets	22.3M	317.5M	452.6M	761.6M	875.8M	919.6M
Cash	3.1M	18.0M	20.5M	29.2M	33.6M	35.3M
Cash And Short Term Investments	4.1M	42.4M	32.2M	86.2M	99.1M	104.1M
Liabilities And Stockholders Equity	22.3M	317.5M	452.6M	761.6M	875.8M	919.6M
Total Current Assets	8.3M	57.7M	50.8M	102.2M	117.5M	123.4M
Other Current Assets	3.2M	42.0M	26.2M	15.2M	17.5M	16.6M
Net Tangible Assets	5.5M	2.5M	273.9M	397.5M	457.2M	480.0M
Property Plant And Equipment Net	158.7K	227.0M	389.8M	641.0M	737.2M	774.1M
Non Current Assets Total	14.1M	259.7M	401.8M	659.4M	758.3M	796.2M
Non Currrent Assets Other	(14.1M)	875.5K	5.5M	5.7M	6.6M	6.9M
Long Term Debt	3.0M	531.2K	13.4M	8.9M	10.2M	10.8M
Non Current Liabilities Total	531.2K	1.7M	14.6M	10.3M	11.8M	12.4M
Property Plant And Equipment Gross	158.7K	234.7M	377.3M	565.1M	649.8M	682.3M
Short Long Term Debt	909.5K	67.5K	7.8M	7.0M	8.0M	8.4M
Intangible Assets	8.0M	12.8M	6.5M	4.6M	5.3M	9.9M
Property Plant Equipment	145.1K	158.7K	137.6M	376.8M	433.3M	455.0M
Net Receivables	1.1M	307.1K	27.0K	5K	5.8K	5.5K
Capital Surpluse	83.0M	111.9M	444.1M	599.9M	689.9M	724.4M
Inventory	(4.1T)	2.7M	216.4K	809K	728.1K	764.5K

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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:

How To Invest In CleanSpark

Details

Is CleanSpark Stock a good investment?

Details

What is CleanSpark's Net Worth?

Details

Largest Application Software Companies

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Largest Software & Services Companies

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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 closely tied 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 Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.

Is Application Software space 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

(0.99)

Revenue Per Share

1.788

Quarterly Revenue Growth

1.287

Return On Assets

0.022

Return On Equity

(0.15)

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.

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CleanSpark Cash vs Common Stock Shares Outstanding Analysis

Cash vs Common Stock Shares Outstanding

Cash vs Common Stock Shares Outstanding Correlation Analysis

Correlation Coefficient

Cash

Common Stock Shares Outstanding

CleanSpark fundamental ratios Correlations

CleanSpark Account Relationship Matchups

High Positive Relationship

High Negative Relationship

CleanSpark fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Accounts Payable	+ 1.0	Total Current Liabilities
Common Stock Shares Outstanding	+ 1.0	Total Current Liabilities
Total Liab	+ 1.0	Total Current Liabilities
Other Stockholder Equity	+ 1.0	Total Stockholder Equity
Total Assets	+ 1.0	Total Stockholder Equity

Cash	- 0.96	Retained Earnings
Other Stockholder Equity	- 0.96	Retained Earnings
Total Current Assets	- 0.95	Retained Earnings
Total Assets	- 0.95	Retained Earnings
Property Plant And Equipment Gross	- 0.94	Retained Earnings
Non Current Assets Total	- 0.94	Retained Earnings