Clene Inc (NASDAQ: CLNN) closed the day trading at $0.43 down -0.79% from the previous closing price of $0.43. In other words, the price has decreased by -$0.0034 from its previous closing price. On the day, 892730 shares were traded.
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Ratios:
For a better understanding of CLNN, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.04 and its Current Ratio is at 3.04. In the meantime, Its Debt-to-Equity ratio is 1.49 whereas as Long-Term Debt/Eq ratio is at 1.01.
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 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. The Director now owns 800,204 shares after completing the transaction at $0.80 per share. On Jun 26, 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 93.75M and an Enterprise Value of 44.58M. For the stock, the TTM Price-to-Sale (P/S) ratio is 76.09 while its Price-to-Book (P/B) ratio in mrq is 2.56. Its current Enterprise Value per Revenue stands at 62.70 whereas that against EBITDA is -1.30.
Stock Price History:
Over the past 52 weeks, CLNN has reached a high of $1.44, while it has fallen to a 52-week low of $0.25. The 50-Day Moving Average of the stock is 0.4240, while the 200-Day Moving Average is calculated to be 0.6128.
Shares Statistics:
Over the past 3-months, CLNN traded about 1.03M shares per day on average, while over the past 10 days, CLNN traded about 876.94k shares per day. A total of 74.76M shares are outstanding, with a floating share count of 67.94M. Insiders hold about 47.09% of the company’s shares, while institutions hold 9.06% stake in the company. Shares short for CLNN as of Jan 31, 2024 were 222.29k with a Short Ratio of 0.22, compared to 846.03k on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 0.17% and a Short% of Float of 0.23%.
Earnings Estimates
Current recommendations for the stock of the company come from 4 analysts. On average, analysts expect EPS of -$0.07 for the current quarter, with a high estimate of -$0.06 and a low estimate of -$0.08, while EPS last year was -$0.01. The consensus estimate for the next quarter is -$0.08, with high estimates of -$0.07 and low estimates of -$0.08.
Analysts are recommending an EPS of between -$0.41 and -$0.48 for the fiscal current year, implying an average EPS of -$0.45. EPS for the following year is -$0.32, with 4 analysts recommending between -$0.29 and -$0.38.
Revenue Estimates
3 analysts predict $130k in revenue for the current quarter. It ranges from a high estimate of $160k to a low estimate of $100k. As of the current estimate, Clene Inc’s year-ago sales were $234k, an estimated decrease of -44.40% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $130k, an increase of 21.50% over than the figure of -$44.40% in the same quarter last year. There is a high estimate of $160k for the next quarter, whereas the lowest estimate is $100k.
A total of 4 analysts have provided revenue estimates for CLNN’s current fiscal year. The highest revenue estimate was $640k, while the lowest revenue estimate was $480k, resulting in an average revenue estimate of $560k. In the same quarter a year ago, actual revenue was $473k, up 18.40% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $510k in the next fiscal year. The high estimate is $720k and the low estimate is $200k. The average revenue growth estimate for next year is down -8.90% from the average revenue estimate for this year.
