ClearSign Technologies Corp (NASDAQ:CLIR) does about 167.67K shares in volume on a normal day but saw 314983 shares change hands in the recent trading day. The company now has a market cap of 75.85M USD. Its current market price is $1.51, marking an increase of 17.05% compared to the previous close of $1.29. The 52 week high reached by this stock is $1.72 whilst the lowest price level in 52 weeks is $0.62.
ClearSign Technologies Corp (CLIR) has a 20-day trading average at $1.2165 and the current price is -12.21% off the 52-week high compared with 143.94% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.1151 and its 200-day simple moving average is $0.8884. If we look at the stock’s price movements over the week, volatility stands at 14.11%, which decreases to 11.71% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 65.48 to suggest the stock is neutral.
The consensus objective for the share price is $6.00, suggesting that the stock has a potential upside of 74.83% over the period.
FactSet Research has provided data showing that 1 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 1 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Strong Buy the stock.
The current price level is 24.13%, 35.41%, and 69.96% away from its SMA20, SMA50, and SMA200 respectively, with the CLIR price moving below the 50-day SMA on current market day. ClearSign Technologies Corp (CLIR) stock is up 30.17% over the week and 31.30% over the past month. Its price is 4.86% year-to-date and 37.27% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at -0.03 and -0.13 for whole year. In addition, estimates put the company’s current quarterly revenue at an average of $1.55M.
To reach the target analysts have set, the stock logically needs to grow 74.83 percent from here.
Outstanding shares total 50.23M with insiders holding 20.07% of the shares and institutional holders owning 6.40% of the company’s common stock. The company has a return on investment of -34.04% and return on equity of -49.02%. The beta has a value of 1.15. Price to book ratio is 5.12 and price to sales ratio is 17.72.
