The stock price of ClearSign Technologies Corp (NASDAQ: CLIR) has jumped by 8.65 compared to previous close of 0.89. Despite this, the company has seen a gain of 3.44% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-20 that ClearSign Technologies Corporation (NASDAQ:CLIR ) Q3 2024 Earnings Conference Call November 20, 2024 5:00 PM ET Company Participants Matthew Selinger – IR, Firm IR Group Brent Hinds – CFO Jim Deller – CEO Conference Call Participants Operator Good afternoon and welcome to the ClearSign Technologies Third Quarter 2024 Conference Call. [Operator Instructions] Please note, that this event is being recorded.
Is It Worth Investing in ClearSign Technologies Corp (NASDAQ: CLIR) Right Now?
CLIR has 36-month beta value of 1.06. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
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
The public float for CLIR is 40.37M, and currently, short sellers hold a 0.66% ratio of that float. The average trading volume of CLIR on November 21, 2024 was 83.72K shares.
CLIR’s Market Performance
CLIR’s stock has seen a 3.44% increase for the week, with a 18.27% rise in the past month and a 37.68% gain in the past quarter. The volatility ratio for the week is 7.17%, and the volatility levels for the past 30 days are at 7.85% for ClearSign Technologies Corp The simple moving average for the past 20 days is 10.22% for CLIR’s stock, with a 12.53% simple moving average for the past 200 days.
CLIR Trading at 15.17% from the 50-Day Moving Average
After a stumble in the market that brought CLIR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -43.47% of loss for the given period.
Volatility was left at 7.85%, however, over the last 30 days, the volatility rate increased by 7.17%, as shares surge +13.73% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +20.05% upper at present.
During the last 5 trading sessions, CLIR rose by +3.44%, which changed the moving average for the period of 200-days by -2.72% in comparison to the 20-day moving average, which settled at $0.8822. In addition, ClearSign Technologies Corp saw -12.40% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CLIR starting from HOFFMAN Robert Thurston Sr, who purchase 3,350,000 shares at the price of $0.91 back on Jun 24 ’24. After this action, HOFFMAN Robert Thurston Sr now owns 9,539,857 shares of ClearSign Technologies Corp, valued at $3,048,500 using the latest closing price.
Stock Fundamentals for CLIR
Current profitability levels for the company are sitting at:
- -1.38 for the present operating margin
- 0.37 for the gross margin
The net margin for ClearSign Technologies Corp stands at -1.19. The total capital return value is set at -0.39. Equity return is now at value -49.02, with -39.02 for asset returns.
Currently, EBITDA for the company is -5.68 million with net debt to EBITDA at 2.89. When we switch over and look at the enterprise to sales, we see a ratio of 8.08. The receivables turnover for the company is 5.71for trailing twelve months and the total asset turnover is 0.25. The liquidity ratio also appears to be rather interesting for investors as it stands at 7.46.
Conclusion
To put it simply, ClearSign Technologies Corp (CLIR) has had a better performance in recent times. Analysts have a bullish 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.
