In the past week, CLNN stock has gone down by -15.15%, with a monthly decline of -25.64% and a quarterly plunge of -22.83%. The volatility ratio for the week is 13.25%, and the volatility levels for the last 30 days are 10.04% for Clene Inc The simple moving average for the past 20 days is -24.41% for CLNN’s stock, with a -37.82% simple moving average for the past 200 days.
Is It Worth Investing in Clene Inc (NASDAQ: CLNN) Right Now?
The 36-month beta value for CLNN is at 0.37. Analysts have varying views on the stock, with 6 analysts rating it as a “buy,” 3 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for CLNN is 5.06M, and currently, shorts hold a 2.51% of that float. The average trading volume for CLNN on November 21, 2024 was 70.56K shares.
CLNN) stock’s latest price update
Clene Inc (NASDAQ: CLNN)’s stock price has dropped by -12.23 in relation to previous closing price of 4.66. Nevertheless, the company has seen a loss of -15.15% in its stock price over the last five trading days. zacks.com reported 2024-11-13 that Clene Inc. (CLNN) came out with a quarterly loss of $1.22 per share versus the Zacks Consensus Estimate of a loss of $1.34. This compares to loss of $0.40 per share a year ago.
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 -23.35% 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 -65.92% of loss for the given period.
Volatility was left at 10.04%, however, over the last 30 days, the volatility rate increased by 13.25%, as shares sank -24.26% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -32.84% lower at present.
During the last 5 trading sessions, CLNN fell by -15.15%, which changed the moving average for the period of 200-days by -54.56% in comparison to the 20-day moving average, which settled at $5.41. In addition, Clene Inc saw -31.05% 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 CLNN starting from MATLIN DAVID J, who purchase 92,307 shares at the price of $4.75 back on Sep 30 ’24. After this action, MATLIN DAVID J now owns 444,491 shares of Clene Inc, valued at $438,458 using the latest closing price.
Mortenson Mark, the Chief Science Officer of Clene Inc, purchase 20,512 shares at $4.75 during a trade that took place back on Sep 30 ’24, which means that Mortenson Mark is holding 28,949 shares at $97,432 based on the most recent closing price.
Stock Fundamentals for CLNN
Current profitability levels for the company are sitting at:
- -81.63 for the present operating margin
- -1.21 for the gross margin
The net margin for Clene Inc stands at -85.57. The total capital return value is set at -4.44. Equity return is now at value -416.92, with -78.31 for asset returns.
Based on Clene Inc (CLNN), the company’s capital structure generated 1.29 points at debt to capital in total, while cash flow to debt ratio is standing at -1.28. The debt to equity ratio resting at -4.5. The interest coverage ratio of the stock is -7.24.
Currently, EBITDA for the company is -43.24 million with net debt to EBITDA at -0.27. When we switch over and look at the enterprise to sales, we see a ratio of 97.09. The receivables turnover for the company is -0.09for 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 0.83.
Conclusion
In conclusion, Clene Inc (CLNN) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
