Why Should You Add Clene Inc (CLNN) To Your Portfolio?

Clene Inc (NASDAQ:CLNN) has a beta value of 0.52 and has seen 0.91 million shares traded in the recent trading session. The company, currently valued at $50.74M, closed the recent trade at $0.40 per share which meant it gained $0.05 on the day or 12.34% during that session. The CLNN stock price is -172.5% off its 52-week high price of $1.09 and 37.5% above the 52-week low of $0.25. The 3-month trading volume is 913.18K shares.

Clene Inc (NASDAQ:CLNN) trade information

Sporting 12.34% in the green today, the stock has traded in the green over the last five days, when the CLNN stock price touched $0.40 or saw a rise of 1.19%. Year-to-date, Clene Inc shares have moved 33.21%, while the 5-day performance has seen it change 17.91%. Over the past 30 days, the shares of Clene Inc (NASDAQ:CLNN) have changed -5.91%.

Clene Inc (CLNN) estimates and forecasts

Figures show that Clene Inc shares have underperformed across the wider relevant industry. The company’s shares have lost -5.14% over the past 6 months, with this year growth rate of 0.00%, compared to 12.60% for the industry. Revenue growth from the last financial year stood is estimated to be -32.70%.

5 analysts offering their estimates for the company have set an average revenue estimate of $120k for the current quarter. 5 have an estimated revenue figure of $120k for the next quarter concluding in Jun 2024. Year-ago sales stood $107k and $269k respectively for this quarter and the next, and analysts expect sales will grow by 12.10% for the current quarter and -55.40% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -18.22% over the past 5 years.