After finishing at $0.40 in the prior trading day, Clene Inc (NASDAQ: CLNN) closed at $0.41, up 2.78%. In other words, the price has increased by $+0.0110 from its previous closing price. On the day, 542354 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:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CLNN now has a Market Capitalization of 50.85M and an Enterprise Value of 48.01M. For the stock, the TTM Price-to-Sale (P/S) ratio is 80.42 while its Price-to-Book (P/B) ratio in mrq is 3.90. Its current Enterprise Value per Revenue stands at 73.40 whereas that against EBITDA is -1.11.
Stock Price History:
Over the past 52 weeks, CLNN has reached a high of $1.22, while it has fallen to a 52-week low of $0.25. The 50-Day Moving Average of the stock is 0.4376, while the 200-Day Moving Average is calculated to be 0.5224.
Shares Statistics:
The stock has traded on average 772.14K shares per day over the past 3-months and 324.05k shares per day over the last 10 days, according to various share 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. Shares short for CLNN as of Mar 15, 2024 were 262.48k with a Short Ratio of 0.34, compared to 228.73k on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 0.20% and a Short% of Float of 0.27%.
Earnings Estimates
Its stock is currently analyzed by 5 different market analysts. On average, analysts expect EPS of -$0.08 for the current quarter, with a high estimate of -$0.06 and a low estimate of -$0.09, while EPS last year was -$0.15. The consensus estimate for the next quarter is -$0.08, with high estimates of -$0.06 and low estimates of -$0.09.
Analysts are recommending an EPS of between -$0.23 and -$0.36 for the fiscal current year, implying an average EPS of -$0.3. EPS for the following year is -$0.28, with 5 analysts recommending between -$0.23 and -$0.36.
