In the latest session, Clene Inc (NASDAQ: CLNN) closed at $0.40 down -4.76% from its previous closing price of $0.42. In other words, the price has decreased by -$0.0200 from its previous closing price. On the day, 558466 shares were traded.
Ratios:
For a deeper understanding of Clene Inc’s stock, let’s take a closer look at its various 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 51.37M and an Enterprise Value of 48.53M. For the stock, the TTM Price-to-Sale (P/S) ratio is 79.03 while its Price-to-Book (P/B) ratio in mrq is 3.84. Its current Enterprise Value per Revenue stands at 74.21 whereas that against EBITDA is -1.12.
Stock Price History:
Over the past 52 weeks, CLNN has reached a high of $1.32, while it has fallen to a 52-week low of $0.25. The 50-Day Moving Average of the stock is 0.4406, while the 200-Day Moving Average is calculated to be 0.5749.
Shares Statistics:
For the past three months, CLNN has traded an average of 1.16M shares per day and 709.07k over the past ten days. 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 9.06% stake in the company. Shares short for CLNN as of Feb 29, 2024 were 427.09k with a Short Ratio of 0.37, compared to 222.29k on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 0.33% and a Short% of Float of 0.43%.
Earnings Estimates
There are 5 different market analysts currently analyzing its stock. 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 -$0.07, 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 4 analysts recommending between -$0.24 and -$0.36.
Revenue Estimates
A total of 3 analysts believe the company’s revenue will be $140k this 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 $107k, an estimated increase of 30.80% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $140k, a decrease of -48.00% less than the figure of $30.80% 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 3 analysts have provided revenue estimates for CLNN’s current fiscal year. The highest revenue estimate was $720k, while the lowest revenue estimate was $200k, resulting in an average revenue estimate of $510k. In the same quarter a year ago, actual revenue was $654k, down -22.00% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $550k in the next fiscal year. The high estimate is $600k and the low estimate is $500k. The average revenue growth estimate for next year is up 7.80% from the average revenue estimate for this year.
