In the last trading session, 3.67 million shares of the Clene Inc (NASDAQ:CLNN) were traded, and its beta was 0.49. Most recently the company’s share price was $5.88, and it changed around $1.88 or 47.00% from the last close, which brings the market valuation of the company to $37.81M. CLNN currently trades at a discount to its 52-week high of $15.57, offering almost -164.8% off that amount. The share price’s 52-week low was $3.82, which indicates that the current value has risen by an impressive 35.03% since then. We note from Clene Inc’s average daily trading volume that its 10-day average is 0.39 million shares, with the 3-month average coming to 37.28K.
Clene Inc (NASDAQ:CLNN) trade information
Instantly CLNN has showed a green trend with a performance of 47.00% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 6.96 on recent trading dayincreased the stock’s daily price by 15.52%. The company’s shares are currently down -0.88% year-to-date, but still up 30.38% over the last five days. On the other hand, Clene Inc (NASDAQ:CLNN) is -15.35% down in the 30-day period. We can see from the shorts that 16772.0 shares have been sold at a short interest cover period of 0.33 day(s).
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The consensus price target as assigned by Wall Street analysts is $10, which translates to bulls needing to increase their stock price by 41.2% from its current value. Analyst projections state that CLNN is forecast to be at a low of $10 and a high of $10.
Clene Inc (CLNN) estimates and forecasts
Clene Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -33.18 percent over the past six months and at a -3.03% annual growth rate that is well below the industry average of 16.30%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -18.22%.
Clene Inc (NASDAQ:CLNN)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 33.29% of Clene Inc shares, and 15.97% of them are in the hands of institutional investors. The stock currently has a share float of 23.94%. Clene Inc stock is held by 44.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-03-31, it held 2.0399% of the shares, which is about 2.62 million shares worth $1.11 million.
GEODE CAPITAL MANAGEMENT, LLC, with 0.737% or 0.95 million shares worth $0.4 million as of 2024-03-31, holds the second largest percentage of outstanding shares.
