Market Momentum: Clene Inc (CLNN) Registers a -21.54 Decrease, Closing at 0.27

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Clene Inc (NASDAQ: CLNN) closed the day trading at $0.27 down -21.54% from the previous closing price of $0.35. In other words, the price has decreased by -$21.54 from its previous closing price. On the day, 2.72 million shares were traded. CLNN stock price reached its highest trading level at $0.32 during the session, while it also had its lowest trading level at $0.2601.

Ratios:

For a better understanding of CLNN, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.22 and its Current Ratio is at 1.23. In the meantime, Its Debt-to-Equity ratio is 7.62 whereas as Long-Term Debt/Eq ratio is at 2.77.

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 May 01 ’24 when General Resonance LLC sold 13,000 shares for $0.40 per share. The transaction valued at 5,148 led to the insider holds 15,313,712 shares of the business.

General Resonance LLC sold 13,000 shares of CLNN for $5,416 on Apr 30 ’24. The 10% Owner now owns 15,326,712 shares after completing the transaction at $0.42 per share. On Apr 24 ’24, another insider, General Resonance LLC, who serves as the 10% Owner of the company, sold 10,000 shares for $0.33 each. As a result, the insider received 3,278 and left with 15,349,712 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 44604980 and an Enterprise Value of 39528188. For the stock, the TTM Price-to-Sale (P/S) ratio is 56.45 while its Price-to-Book (P/B) ratio in mrq is 8.21. Its current Enterprise Value per Revenue stands at 63.755 whereas that against EBITDA is -1.059.

Stock Price History:

The Beta on a monthly basis for CLNN is 0.46, which has changed by -0.66170084 over the last 52 weeks, in comparison to a change of 0.24704397 over the same period for the S&P500. Over the past 52 weeks, CLNN has reached a high of $0.85, while it has fallen to a 52-week low of $0.25. The 50-Day Moving Average of the stock is -26.95%, while the 200-Day Moving Average is calculated to be -34.38%.

Shares Statistics:

Over the past 3-months, CLNN traded about 886.45K shares per day on average, while over the past 10 days, CLNN traded about 561254 shares per day. A total of 128.42M shares are outstanding, with a floating share count of 73.58M. Insiders hold about 42.71% of the company’s shares, while institutions hold 5.95% stake in the company. Shares short for CLNN as of 1718323200 were 333388 with a Short Ratio of 0.38, compared to 1715731200 on 209016. Therefore, it implies a Short% of Shares Outstanding of 333388 and a Short% of Float of 0.4.

Earnings Estimates

Investors are keenly observing as 4.0 analysts analyze and rate the current performance of Clene Inc (CLNN) in the stock market.On average, analysts expect EPS of -$0.08 for the current quarter, with a high estimate of -$0.07 and a low estimate of -$0.08, while EPS last year was -$0.29. The consensus estimate for the next quarter is -$0.08, with high estimates of -$0.08 and low estimates of -$0.09.

Analysts are recommending an EPS of between -$0.29 and -$0.36 for the fiscal current year, implying an average EPS of -$0.32. EPS for the following year is -$0.26, with 4.0 analysts recommending between -$0.21 and -$0.36.

Revenue Estimates

A total of 4 analysts have provided revenue estimates for CLNN’s current fiscal year. The highest revenue estimate was $600k, while the lowest revenue estimate was $70k, resulting in an average revenue estimate of $340k. In the same quarter a year ago, actual revenue was $654k

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