Clene Inc (NASDAQ:CLNN) At $0.43: What To Do?

In last trading session, Clene Inc (NASDAQ:CLNN) saw 0.58 million shares changing hands with its beta currently measuring 0.51. Company’s recent per share price level of $0.43 trading at $0.01 or 1.82% at ring of the bell on the day assigns it a market valuation of $33.34M. That closing price of CLNN’s stock is at a discount of -362.79% from its 52-week high price of $1.99 and is indicating a premium of 41.86% from its 52-week low price of $0.25. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.44 million shares which gives us an average trading volume of 921.96K if we extend that period to 3-months.

Clene Inc (NASDAQ:CLNN) trade information

Upright in the green during last session for gaining 1.82%, in the last five days CLNN remained trading in the red while hitting it’s week-highest on Tuesday, 02/06/24 when the stock touched $0.43 price level, adding 9.34% to its value on the day. Clene Inc’s shares saw a change of 43.39% in year-to-date performance and have moved -9.32% in past 5-day. Clene Inc (NASDAQ:CLNN) showed a performance of 6.40% in past 30-days. Number of shares sold short was 0.29 million shares which calculate 0.15 days to cover the short interests.

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Clene Inc (CLNN) estimates and forecasts

Statistics highlight that Clene Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -35.98% of value to its shares in past 6 months, showing an annual growth rate of 38.36% while that of industry is 15.80. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to decrease by -600.00% in the current quarter and calculating 46.70% increase in the next quarter. This year revenue growth is estimated to rise 18.40% from the last financial year’s standing.

3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $130k for the same. And 2 analysts are in estimates of company making revenue of $130k in the next quarter that will end on Mar 2024. Company posted $234k and $107k of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to shrink by -44.40% while estimating it to be 21.50% for the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -228.46% during past 5 years.

CLNN Dividends

Clene Inc is more likely to be releasing its next quarterly report between March 11 and March 15 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

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