The price of Clene Inc (NASDAQ: CLNN) closed at $0.39 in the last session, down -1.00% from day before closing price of $0.39. In other words, the price has decreased by -$0.0039 from its previous closing price. On the day, 681182 shares were traded.
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Ratios:
We take a closer look at CLNN’s different ratios to gain a better understanding of the stock. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 50.06M and an Enterprise Value of 39.86M. For the stock, the TTM Price-to-Sale (P/S) ratio is 68.69 while its Price-to-Book (P/B) ratio in mrq is 2.31. Its current Enterprise Value per Revenue stands at 55.51 whereas that against EBITDA is -1.15.
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 0.4236, while the 200-Day Moving Average is calculated to be 0.6007.
Shares Statistics:
According to the various share statistics, CLNN traded on average about 1.12M shares per day over the past 3-months and 1.01M shares per day over the past 10 days. 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 Feb 15, 2024 were 228.73k with a Short Ratio of 0.21, compared to 287.2k on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 0.18% and a Short% of Float of 0.23%.
Earnings Estimates
The company has 4 analysts who recommend its stock at the moment. 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
According to 3 analysts, the current quarter’s revenue is expected to be $130k. 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.
