After finishing at $0.38 in the prior trading day, Clene Inc (NASDAQ: CLNN) closed at $0.36, down -5.54%. On the day, 1173254 shares were traded.
Ratios:
Our goal is to gain a better understanding of CLNN by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.53 and its Current Ratio is at 1.53. In the meantime, Its Debt-to-Equity ratio is 2.40 whereas as Long-Term Debt/Eq ratio is at 0.90.
On July 18, 2022, H.C. Wainwright started tracking the stock assigning a Buy rating and target price of $16.
On May 02, 2022, Canaccord Genuity started tracking the stock assigning a Buy rating and target price of $10.Canaccord Genuity initiated its Buy rating on May 02, 2022, with a $10 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 10 ’23 when MATLIN DAVID J bought 250,002 shares for $0.41 per share. The transaction valued at 102,501 led to the insider holds 7,043,686 shares of the business.
Stevens John Henry bought 316,455 shares of CLNN for $253,164 on Jun 26 ’23. The Director now owns 800,204 shares after completing the transaction at $0.80 per share. On Jun 26 ’23, another insider, Etherington Robert Dee, who serves as the Chief Executive Officer of the company, bought 25,000 shares for $0.81 each. As a result, the insider paid 20,250 and bolstered with 25,000 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 71.07 while its Price-to-Book (P/B) ratio in mrq is 3.45.
Stock Price History:
Over the past 52 weeks, CLNN has reached a high of $1.16, while it has fallen to a 52-week low of $0.25.
Shares Statistics:
A total of 128.42M shares are outstanding, with a floating share count of 67.95M. Insiders hold about 47.09% of the company’s shares, while institutions hold 9.33% stake in the company.
Earnings Estimates
Its stock is currently analyzed by Clean Energy Fuels Corp. different market analysts. The consensus estimate for the next quarter is $26.45, with high estimates of $0.36 and low estimates of $1.50.
