The 36-month beta value for CLIR is also noteworthy at 1.12. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 1 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for CLIR is 40.37M, and at present, short sellers hold a 0.66% of that float. The average trading volume of CLIR on November 26, 2024 was 102.95K shares.
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CLIR) stock’s latest price update
ClearSign Technologies Corp (NASDAQ: CLIR) has experienced a decline in its stock price by -11.86 compared to its previous closing price of 1.18. However, the company has seen a gain of 19.54% 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.
CLIR’s Market Performance
ClearSign Technologies Corp (CLIR) has experienced a 19.54% rise in stock performance for the past week, with a 26.83% rise in the past month, and a 40.86% rise in the past quarter. The volatility ratio for the week is 15.27%, and the volatility levels for the past 30 days are at 9.73% for CLIR. The simple moving average for the past 20 days is 12.30% for CLIR’s stock, with a 20.11% simple moving average for the past 200 days.
CLIR Trading at 20.01% 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 -39.53% of loss for the given period.
Volatility was left at 9.73%, however, over the last 30 days, the volatility rate increased by 15.27%, as shares surge +26.83% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +46.48% upper at present.
During the last 5 trading sessions, CLIR rose by +19.54%, which changed the moving average for the period of 200-days by +2.97% in comparison to the 20-day moving average, which settled at $0.9261. In addition, ClearSign Technologies Corp saw -6.31% 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 8.87. The receivables turnover for the company is 4.77for 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
In summary, ClearSign Technologies Corp (CLIR) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
