ClearOne Inc (NASDAQ: CLRO)’s stock price has plunge by -1.01relation to previous closing price of 0.50. Nevertheless, the company has seen a 0.82% surge in its stock price over the last five trading sessions. businesswire.com reported 2024-11-15 that SALT LAKE CITY–(BUSINESS WIRE)–ClearOne, Inc. Reports Third Quarter 2024 Financial Results.
Is It Worth Investing in ClearOne Inc (NASDAQ: CLRO) Right Now?
The 36-month beta value for CLRO is at 0.87. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 1 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for CLRO is 10.10M, and currently, shorts hold a 0.13% of that float. The average trading volume for CLRO on November 26, 2024 was 20.15K shares.
CLRO’s Market Performance
CLRO stock saw a decrease of 0.82% in the past week, with a monthly decline of -15.55% and a quarterly a decrease of -11.79%. The volatility ratio for the week is 4.50%, and the volatility levels for the last 30 days are 5.30% for ClearOne Inc (CLRO). The simple moving average for the last 20 days is -8.98% for CLRO stock, with a simple moving average of -33.58% for the last 200 days.
Analysts’ Opinion of CLRO
Many brokerage firms have already submitted their reports for CLRO stocks, with Singular Research repeating the rating for CLRO by listing it as a “BUY – Long-Term.” The predicted price for CLRO in the upcoming period, according to Singular Research is $6 based on the research report published on August 16, 2018 of the previous year 2018.
CLRO Trading at -14.26% from the 50-Day Moving Average
After a stumble in the market that brought CLRO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -71.18% of loss for the given period.
Volatility was left at 5.30%, however, over the last 30 days, the volatility rate increased by 4.50%, as shares sank -15.52% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -14.19% lower at present.
During the last 5 trading sessions, CLRO rose by +0.82%, which changed the moving average for the period of 200-days by -51.49% in comparison to the 20-day moving average, which settled at $0.5383. In addition, ClearOne Inc saw -33.90% 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 CLRO starting from BAGLEY EDWARD D, who purchase 9,541 shares at the price of $0.82 back on Dec 14 ’23. After this action, BAGLEY EDWARD D now owns 10,590,528 shares of ClearOne Inc, valued at $7,847 using the latest closing price.
BAGLEY EDWARD D, the 10% Owner of ClearOne Inc, purchase 14,171 shares at $0.81 during a trade that took place back on Dec 11 ’23, which means that BAGLEY EDWARD D is holding 10,565,386 shares at $11,462 based on the most recent closing price.
Stock Fundamentals for CLRO
Current profitability levels for the company are sitting at:
- -0.71 for the present operating margin
- 0.26 for the gross margin
The net margin for ClearOne Inc stands at -0.33. The total capital return value is set at -0.36. Equity return is now at value -12.63, with -10.68 for asset returns.
Based on ClearOne Inc (CLRO), the company’s capital structure generated 0.02 points at debt to capital in total, while cash flow to debt ratio is standing at -2.31. The debt to equity ratio resting at 0.02. The interest coverage ratio of the stock is -131.31.
Currently, EBITDA for the company is 1.56 million with net debt to EBITDA at 0.43. When we switch over and look at the enterprise to sales, we see a ratio of 0.84. The receivables turnover for the company is 6.74for trailing twelve months and the total asset turnover is 0.44. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.92.
Conclusion
In conclusion, ClearOne Inc (CLRO) 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.
