Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
In the latest session, Clene Inc (NASDAQ: CLNN) closed at $0.35 up 5.85% from its previous closing price of $0.33. In other words, the price has increased by $5.85 from its previous closing price. On the day, 1.24 million shares were traded. CLNN stock price reached its highest trading level at $0.359 during the session, while it also had its lowest trading level at $0.3131.
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 Apr 09 ’24 when General Resonance LLC sold 22,500 shares for $0.39 per share. The transaction valued at 8,674 led to the insider holds 15,428,212 shares of the business.
MATLIN DAVID J bought 250,002 shares of CLNN for $102,501 on Nov 10 ’23. The Director now owns 7,043,686 shares after completing the transaction at $0.41 per share. On Jun 26 ’23, another insider, Stevens John Henry, who serves as the Director of the company, bought 316,455 shares for $0.80 each. As a result, the insider paid 253,164 and bolstered with 800,204 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 44849156 and an Enterprise Value of 42008792. For the stock, the TTM Price-to-Sale (P/S) ratio is 69.00 while its Price-to-Book (P/B) ratio in mrq is 3.35. Its current Enterprise Value per Revenue stands at 64.234 whereas that against EBITDA is -1.082.
Stock Price History:
Over the past 52 weeks, CLNN has reached a high of $1.09, while it has fallen to a 52-week low of $0.25. The 50-Day Moving Average of the stock is -15.44%, while the 200-Day Moving Average is calculated to be -31.45%.
Shares Statistics:
For the past three months, CLNN has traded an average of 930.34K shares per day and 2498840 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 9.33% stake in the company. Shares short for CLNN as of 1711584000 were 162889 with a Short Ratio of 0.18, compared to 1709164800 on 427089. Therefore, it implies a Short% of Shares Outstanding of 162889 and a Short% of Float of 0.16999999999999998.
Earnings Estimates
Clene Inc (CLNN) is currently under the scrutiny of CLNR analysts, each contributing to the ongoing evaluation of its stock.The consensus estimate for the next quarter is $2.22, with high estimates of $117.37 and low estimates of $1.52.
