CLNN has 36-month beta value of 0.52. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for CLNN is 68.09M, and currently, short sellers hold a 0.22% ratio of that float. The average trading volume of CLNN on April 30, 2024 was 913.18K shares.
CLNN) stock’s latest price update
Clene Inc (NASDAQ: CLNN)’s stock price has plunge by 13.73relation to previous closing price of 0.35. Nevertheless, the company has seen a 19.37% surge in its stock price over the last five trading sessions. InvestorPlace reported 2024-03-26 that When it comes to deciding whether you should acquire penny stocks or not, the answer is no. Okay, so we’re done here, right?
CLNN’s Market Performance
Clene Inc (CLNN) has experienced a 19.37% rise in stock performance for the past week, with a -4.74% drop in the past month, and a -23.06% drop in the past quarter. The volatility ratio for the week is 5.79%, and the volatility levels for the past 30 days are at 9.11% for CLNN. The simple moving average for the last 20 days is 10.07% for CLNN stock, with a simple moving average of -18.82% for the last 200 days.
Analysts’ Opinion of CLNN
H.C. Wainwright, on the other hand, stated in their research note that they expect to see CLNN reach a price target of $16. The rating they have provided for CLNN stocks is “Buy” according to the report published on July 18th, 2022.
Canaccord Genuity gave a rating of “Buy” to CLNN, setting the target price at $10 in the report published on May 02nd of the previous year.
CLNN Trading at 0.05% from the 50-Day Moving Average
After a stumble in the market that brought CLNN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -63.30% of loss for the given period.
Volatility was left at 9.11%, however, over the last 30 days, the volatility rate increased by 5.79%, as shares surge +1.64% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.48% lower at present.
During the last 5 trading sessions, CLNN rose by +20.11%, which changed the moving average for the period of 200-days by -49.69% in comparison to the 20-day moving average, which settled at $0.3637. In addition, Clene Inc saw 34.86% 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 CLNN starting from General Resonance LLC, who sale 22,500 shares at the price of $0.39 back on Apr 09 ’24. After this action, General Resonance LLC now owns 15,428,212 shares of Clene Inc, valued at $8,674 using the latest closing price.
MATLIN DAVID J, the Director of Clene Inc, purchase 250,002 shares at $0.41 during a trade that took place back on Nov 10 ’23, which means that MATLIN DAVID J is holding 7,043,686 shares at $102,501 based on the most recent closing price.
Stock Fundamentals for CLNN
Current profitability levels for the company are sitting at:
- -61.11 for the present operating margin
- 0.17 for the gross margin
The net margin for Clene Inc stands at -78.91. The total capital return value is set at -1.48. Equity return is now at value -595.47, with -102.25 for asset returns.
Based on Clene Inc (CLNN), the company’s capital structure generated 0.67 points at debt to capital in total, while cash flow to debt ratio is standing at -1.11. The debt to equity ratio resting at 2.04. The interest coverage ratio of the stock is -18.32.
Currently, EBITDA for the company is -38.84 million with net debt to EBITDA at -0.06. When we switch over and look at the enterprise to sales, we see a ratio of 83.85. The receivables turnover for the company is 0.49for trailing twelve months and the total asset turnover is 0.01. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.53.
Conclusion
To put it simply, Clene Inc (CLNN) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. 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.
