At the time of writing, Clene Inc [CLNN] stock is trading at $5.88, up 47.00%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CLNN shares have gain 30.38% over the last week, with a monthly amount drifted -15.35%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Clene Inc [NASDAQ: CLNN] stock has seen the most recent analyst activity on October 04, 2022, when Oppenheimer downgraded its rating to a Perform. Previously, H.C. Wainwright started tracking the stock with Buy rating on July 18, 2022, and set its price target to $16. On May 02, 2022, Canaccord Genuity initiated with a Buy rating and assigned a price target of $10 on the stock. Oppenheimer started tracking the stock assigning a Outperform rating and suggested a price target of $20 on September 28, 2021.
For the past year, the stock price of Clene Inc fluctuated between $3.82 and $15.57. Currently, Wall Street analysts expect the stock to reach $10 within the next 12 months. Clene Inc [NASDAQ: CLNN] shares were valued at $5.88 at the most recent close of the market. An investor can expect a potential return of 70.07% based on the average CLNN price forecast.
Analyzing the CLNN fundamentals
According to Clene Inc [NASDAQ:CLNN], the company’s sales were 0.62M for trailing twelve months, which represents an -31.78% plunge. Gross Profit Margin for this corporation currently stands at -0.57% with Operating Profit Margin at -62.97%, Pretax Profit Margin comes in at -78.73%, and Net Profit Margin reading is -78.73%. To continue investigating profitability, this company’s Return on Assets is posted at -1.08, Equity is -3.22 and Total Capital is -2.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 6.5.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 4.35 points at the first support level, and at 2.81 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.19, and for the 2nd resistance point, it is at 8.49.
Ratios To Look Out For
It is important to note that Clene Inc [NASDAQ:CLNN] has a current ratio of 1.23. As well, the Quick Ratio is 1.22, while the Cash Ratio is 0.83. Considering the valuation of this stock, the price to sales ratio is 60.98, the price to book ratio is 177.11.
Transactions by insiders
Recent insider trading involved General Resonance LLC, 10% Owner, that happened on May 01 ’24 when 13000.0 shares were sold. 10% Owner, General Resonance LLC completed a deal on Apr 30 ’24 to sell 13000.0 shares. Meanwhile, 10% Owner General Resonance LLC sold 10000.0 shares on Apr 24 ’24.
