Published on 10 May 2024 on Simply Wall St. via Yahoo Finance
CleanSpark, Inc.'s (NASDAQ:CLSK) Stock is Soaring But Financials Seem Inconsistent: Will The Uptrend...
CleanSpark (NASDAQ:CLSK) has had a great run on the share market with its stock up by a significant 19% over the last three months. However, we decided to pay attention to the company's fundamentals which don't appear to give a clear sign about the company's financial health. Particularly, we will be paying attention to CleanSpark's ROE today.
Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. Simply put, it is used to assess the profitability of a company in relation to its equity capital.