ClearOne Inc (CLRO) Stock: Evaluating the Market Performance

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,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”

The public float for CLRO is 10.10M and currently, short sellers hold a 14.66% of that float. On April 04, 2024, CLRO’s average trading volume was 2.75M shares.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

CLRO) stock’s latest price update

The stock price of ClearOne Inc (NASDAQ: CLRO) has dropped by -8.88 compared to previous close of 1.69. Despite this, the company has seen a fall of -14.92% in its stock price over the last five trading days. InvestorPlace reported 2024-03-12 that ClearOne (NASDAQ: CLRO ) stock is on the rise Tuesday after the video and voice network streaming solutions company announced a special dividend. ClearOne is paying out a special one-time cash dividend of 50 cents per share to investors.

CLRO’s Market Performance

ClearOne Inc (CLRO) has experienced a -14.92% fall in stock performance for the past week, with a 61.02% rise in the past month, and a 40.00% rise in the past quarter. The volatility ratio for the week is 13.06%, and the volatility levels for the past 30 days are at 11.76% for CLRO. The simple moving average for the past 20 days is -4.08% for CLRO’s stock, with a 68.08% simple moving average for the past 200 days.

Analysts’ Opinion of CLRO

Many brokerage firms have already submitted their reports for CLRO stocks, with Singular Research repeating the rating for CLRO by listing it as a “BUY – Long-Term.” The predicted price for CLRO in the upcoming period, according to Singular Research is $6 based on the research report published on August 16, 2018 of the previous year 2018.

CLRO Trading at 24.57% 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 -37.90% of loss for the given period.

Volatility was left at 11.76%, however, over the last 30 days, the volatility rate increased by 13.06%, as shares surge +67.39% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +54.00% upper at present.

During the last 5 trading sessions, CLRO fell by -14.92%, which changed the moving average for the period of 200-days by +52.48% in comparison to the 20-day moving average, which settled at $1.6365. In addition, ClearOne Inc saw 42.41% 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 BAGLEY EDWARD D, who purchase 9,541 shares at the price of $0.82 back on Dec 14 ’23. After this action, BAGLEY EDWARD D now owns 10,590,528 shares of ClearOne Inc, valued at $7,847 using the latest closing price.

BAGLEY EDWARD D, the 10% Owner of ClearOne Inc, purchase 4,019 shares at $0.81 during a trade that took place back on Dec 13 ’23, which means that BAGLEY EDWARD D is holding 10,580,987 shares at $3,255 based on the most recent closing price.

Stock Fundamentals for CLRO

Current profitability levels for the company are sitting at:

  • 1.36 for the present operating margin
  • 0.33 for the gross margin

The net margin for ClearOne Inc stands at 1.12. The total capital return value is set at 0.58. Equity return is now at value -0.94, with -0.83 for asset returns.

Based on ClearOne Inc (CLRO), the company’s capital structure generated 0.04 points at debt to capital in total, while cash flow to debt ratio is standing at 25.03. The debt to equity ratio resting at 0.05. The interest coverage ratio of the stock is 58.44.

Currently, EBITDA for the company is -6.77 million with net debt to EBITDA at -0.41. When we switch over and look at the enterprise to sales, we see a ratio of 1.36. The receivables turnover for the company is 1.81for trailing twelve months and the total asset turnover is 0.38. The liquidity ratio also appears to be rather interesting for investors as it stands at 10.16.

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’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

Related Posts