The price-to-earnings ratio for ClearOne Inc. (NASDAQ: CLRO) is 3.37x, which is above its average ratio. Moreover, the 36-month beta value for CLRO is 0.92. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The average price recommended by analysts for ClearOne Inc. (CLRO) is $4.00, The public float for CLRO is 11.62M and currently, short sellers hold a 4.86% of that float. On May 26, 2023, CLRO’s average trading volume was 1.18M shares.
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CLRO) stock’s latest price update
ClearOne Inc. (NASDAQ: CLRO)’s stock price has gone rise by 7.44 in comparison to its previous close of 2.15, however, the company has experienced a -4.94% decrease in its stock price over the last five trading days.
CLRO’s Market Performance
ClearOne Inc. (CLRO) has experienced a -4.94% fall in stock performance for the past week, with a 87.80% rise in the past month, and a 44.37% rise in the past quarter. The volatility ratio for the week is 9.48%, and the volatility levels for the past 30 days are at 8.87% for CLRO. The simple moving average for the past 20 days is 30.09% for CLRO’s stock, with a 97.84% simple moving average for the past 200 days.
CLRO Trading at 52.96% from the 50-Day Moving Average
After a stumble in the market that brought CLRO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -12.83% of loss for the given period.
Volatility was left at 8.87%, however, over the last 30 days, the volatility rate increased by 9.48%, as shares surge +80.47% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +67.39% upper at present.
During the last 5 trading sessions, CLRO fell by -4.94%, which changed the moving average for the period of 200-days by +234.69% in comparison to the 20-day moving average, which settled at $1.83. In addition, ClearOne Inc. saw 51.97% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CLRO starting from HENDRICKS LARRY, who purchase 3,000 shares at the price of $2.16 back on May 24. After this action, HENDRICKS LARRY now owns 18,048 shares of ClearOne Inc., valued at $6,480 using the latest closing price.
HENDRICKS LARRY, the Director of ClearOne Inc., purchase 2,000 shares at $2.14 during a trade that took place back on May 22, which means that HENDRICKS LARRY is holding 15,048 shares at $4,280 based on the most recent closing price.
Stock Fundamentals for CLRO
Current profitability levels for the company are sitting at:
- -28.65 for the present operating margin
- +37.52 for the gross margin
The net margin for ClearOne Inc. stands at +81.56.
The liquidity ratio also appears to be rather interesting for investors as it stands at 9.54.
Conclusion
To wrap up, the performance of ClearOne Inc. (CLRO) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
