QualityDipStocks / Finance · Consumer finance
CleanSpark CLSK
Outside our quality screen, so we don’t track its dips. It’s 62% below its 52-week high.
Outside our quality screen, 27% under its Market Value. No fair value estimate for now: its free cash flow is negative.
Worth knowing
- Down 63% from its 52-week high while revenue grew 102%
- Lowest close since Jan 2024
From the data on this page, as of the last close. How we pick these
- Fair value est.
- n/a
- Market Value
- $9.81price −27%
- Off 52-wk high
- −62%
- Risk vs market
- Highbeta 3.61
52-week range at its 52-week low
Price $7.15Market Value $9.81
5 bullish · 4 bearish See why
Repriced or dip?
Dip: business intact
The price is 62% below its 52-week high (Jun 1), but the business held up: shares outstanding fewer shares, each owns more, net cash (cash minus debt) 0.0% of market cap since the high, earnings per share +6.4%.
Some numbers held up (shares outstanding fewer shares, each owns more, net cash (cash minus debt) 0.0% of market cap since the high, earnings per share +6.4%), others slipped. The price is 62% below its 52-week high.
The price is 62% below its 52-week high, and the business changed too.
Within 10% of its 52-week high, so there is no dip to judge yet.
The evidence 8 numbers, high vs now
- Revenue, last 12 months$766M → $766M (0.0%)about the same
- Earnings per share, 12 months$1.36 → $1.45 (+6.4%)held up
- Operating margin41.6% → 41.6% (0.0 pts)held up
- Shares outstanding−6.0% (fewer shares, each owns more)held up
- Net cash (cash minus debt)0.0% of market cap since the highheld up
- Stock vs its sector (Finance)stock −62%, sector median +8% since Jun 1changed
- Price fall vs business numbersprice −62%, revenue/EPS/FCF median +3% (shown, not scored)
- Valuation multipleP/E 13.8× at the high → 4.9× now (shown, not scored)
No new report since the high (Jun 1, 2026): the business numbers are the same as then, so this read is capped at 65. Each measure is scored from −1 (business changed) to +1 (business intact) and weighted: revenue, earnings per share, free cash flow, operating margin, revenue growth rate, share count, net cash and the move vs its sector. 60 or more reads as a dip, 40 or less as a repricing. Analyst estimates are not in our data, so they are not used. How to read it
Data-based read, not advice.
Priced in
How much growth the market assumed at the 52-week high, the low and today (a reverse DCF).
52-wk high: P/E 13.8×; 52-wk low: P/E 5.3×; now: P/E 4.9×.
| High | Low | Now | |
|---|---|---|---|
| Price | $18.81Jun 1 | $7.15Nov 2 | $7.15 |
| Implied growth | n/a | n/a | n/a |
| P/E | 13.8× | 5.3× | 4.9× |
| EV/Sales | 7.4× | 3.3× | 3.1× |
What this means: a lower P/E than at the high means you pay less for each dollar of profit than buyers did then.
How it’s computed
Reverse DCF: the same 10-year free-cash-flow model as our fair value estimate (9.5% discount rate, growth for years 1–5 fading to 3% by year 10, 3% after), solved for the growth that makes it equal the market value at each price. For the high and the low we use only the filings that were public on that day, so nothing from a later report leaks back. Market value = that close × diluted shares. P/E = market value / 12-month net income; Price / FCF = market value / 12-month free cash flow; EV / Sales = (market value + debt − cash) / 12-month revenue. Hidden when the share count moved over 20% (split, merger), free cash flow is negative, or the company reports in another currency.
Valuation
What we estimate it's worth, and how it ranks on value vs every stock we cover.
Fair value estimate
No estimate for CLSK: negative free cash flow. We’d rather show nothing than a made-up number.
Risk vs market
How risk vs market is measured
One year of daily returns (Oct 31 to Nov 2, 252 sessions). Beta = how much CLSK moved for each 1% move in the S&P 500 (SPY); 1.0 moves with the market. Volatility is the yearly standard deviation of daily returns. Past behavior, not a forecast.
Swings much more than the market, and its own price swings are 7.1× the S&P 500’s.
- Beta vs S&P 500
- 3.61
- Volatility
- 91% vs 13% SPY
- Correlation SPY
- 0.51
- Correlation QQQ
- 0.55
Valuation details
MV $9.81
Fundamentals
The business itself: sales, profits, cash and debt, from SEC filings.
Bull vs bear
Rule-based from the data on this page, strongest first. Not advice.
Top bullish points 5 of 5
GrowthSales grew 102% to $766M over the last 12 months vs the 12 months before (SEC filings).
ProfitabilityOperating margin widened to 41.6% in FY2025 from −77.8% in FY2023 (SEC filings).
GrowthSales compounded 80% a year from FY2022 to FY2025.
ValuationP/E of 4.9× vs a 13.3× median for the 364 Finance companies we cover.
ValuationTrades 27.1% below its Market Value of $9.81, the average price paid since the Sep 25 filing.
Top bearish points 4 of 5
ValuationFree cash flow is negative (−$620M over the last 12 months), so there’s no cash-flow value under the price.
ValuationFree-cash-flow yield of −34%, below the 4.6% median for the 84 Finance companies we cover.
QualityDoesn’t pass our quality screen: no positive free cash flow; ROE under 12% and ROIC under 10%; sales down vs the year-ago quarter.
RiskSwings hard: beta 3.61 vs the S&P 500 and 91% yearly volatility (SPY 13%).
All fundamentals
P/E 4.9 · FCF yield -33.6% · ROE 19%
Valuation
- P/E
- 4.9×Finance median 13.3×
- Price / FCF
- n/anegative free cash flow
- FCF yield
- −33.6%
- EV / EBITDA
- 3.6×
- Price / sales
- 2.35×
- Price / book
- 0.83×
- Market cap
- $1.8Blisted
- Enterprise value
- $2.4B
Growth
- Revenue, 12 months
- $766M
- Sales growth, 12 months
- +102.2%vs the 12 months before
- Sales growth, 3 yrs
- +79.9%/yrfrom FY2022
- Diluted EPS, 12 months
- n/anot reported in its SEC filings
- EPS growth, last FY
- n/afewer than two years of diluted EPS
- Net income, 12 months
- $364M
- Net income growth
- n/anot reported in its SEC filings
Profitability
- Gross margin
- 55.2%
- Operating margin
- 41.6%
- Net margin
- 47.6%
- FCF margin
- −79.0%
- Return on equity
- 19%
- Return on invested capital
- 10%
Balance sheet
- Cash & short-term inv.
- $43M
- Total debt
- $645M
- Net cash
- −$602M
- Debt / equity
- 0.30×
- Interest coverage
- 28.1×operating income / interest
Cash flow & returns
- Free cash flow, 12 months
- −$606M
- FCF growth, 12 months
- n/anot reported in its SEC filings
- Dividend yield
- 0%
- Payout ratio
- n/anot reported in its SEC filings
- Buybacks, 12 months
- $145M8.1% of market cap
- Share count, 1 year
- −17.6%diluted shares vs a year ago
- Stock-based comp
- $45M
Trailing 12 months to Sep 30, 2025; balance sheet at Sep 30, 2025. From CleanSpark’s SEC filings. Sparklines show up to six fiscal years. n/a means we don’t hold that number, with the reason. How each is computed.
The business
FCF $-0.6B · Sales −30%
- Free cash flow, 12 months−$0.6B
- Free-cash-flow yield-33.6%
- Return on equity−69%
- Sales growth (latest quarter vs year-ago quarter)−30%
Chart & levels
Where the price is vs its key levels and trends.
Key levels
Every level vs today’s $7.15
- PriceMon Nov 2 close$7.15you are here
- 52-wk lowlowest close, 1 year$7.15at the price
- Market Valueavg paid since Sep 25$9.81+37.2%
- 52-wk highhighest close, 1 year$18.81+163.1%
Momentum & 52-week range
RSI 26 · 5 days −8.0%
Signals
Reversal signal setups, the public ledger and the next earnings date.
Setup & signals
No setup armed
No setup armed, so there’s no trigger or stop to track yet. Reversal signal rules only run on companies that pass our quality screen.
Next report
Nov 24
- DateTue Nov 24
- Consensus EPS($0.36)
- Year-ago EPS($0.01)
- QuarterSep/2026
From Nasdaq’s earnings calendar. A report resets Market Value.
CLSK is outside our quality screen
One text when a published rule fires on one of the 332 quality companies we track: the ticker, the price, the stop and a link to the numbers. Nothing else.
Voices & buzz
Who is talking about it, and how it compares with peers.
Who’s talking about it
Notable investors, executives, analysts and public figures on CleanSpark in the last 48 hours. Headlines as published, each linked. Their words, not ours.
No notable mentions in the last 48 hours. Checked Nov 3, 5:14 PM ET.
Compare with peers
Closest in size in Consumer finance
Information only, not investment advice. Fair value estimates and talking points are rule-based model output from public data and can be wrong; stop levels are reference points, not orders. How every number is computed.