CLNN has 36-month beta value of 0.50. 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 73.54M, and currently, short sellers hold a 0.20% ratio of that float. The average trading volume of CLNN on May 08, 2024 was 950.45K shares.
CLNN) stock’s latest price update
The stock price of Clene Inc (NASDAQ: CLNN) has dropped by -7.60 compared to previous close of 0.42. Despite this, the company has seen a fall of -9.36% in its stock price over the last five trading days. 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 seen a -9.36% fall in stock performance for the week, with a -1.90% decline in the past month and a -13.02% plunge in the past quarter. The volatility ratio for the week is 9.46%, and the volatility levels for the past 30 days are at 10.13% for CLNN. The simple moving average for the past 20 days is 5.87% for CLNN’s stock, with a -19.03% simple moving average for the past 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 -1.77% 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 -64.09% of loss for the given period.
Volatility was left at 10.13%, however, over the last 30 days, the volatility rate increased by 9.46%, as shares sank -0.15% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.25% lower at present.
During the last 5 trading sessions, CLNN fell by -9.36%, which changed the moving average for the period of 200-days by -51.08% in comparison to the 20-day moving average, which settled at $0.3697. In addition, Clene Inc saw 31.96% 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 10,000 shares at the price of $0.33 back on Apr 24 ’24. After this action, General Resonance LLC now owns 15,349,712 shares of Clene Inc, valued at $3,278 using the latest closing price.
General Resonance LLC, the 10% Owner of Clene Inc, sale 22,500 shares at $0.39 during a trade that took place back on Apr 09 ’24, which means that General Resonance LLC is holding 15,428,212 shares at $8,674 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 81.97. 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 bad 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.
