During the last session, ClearSign Technologies Corp (NASDAQ:CLIR)’s traded shares were 0.48 million, with the beta value of the company hitting 1.07. At the end of the trading day, the stock’s price was $1.13, reflecting an intraday gain of 16.01% or $0.16. The 52-week high for the CLIR share is $1.72, that puts it down -52.21 from that peak though still a striking 45.13% gain since the share price plummeted to a 52-week low of $0.62. The company’s market capitalization is $56.67M, and the average intraday trading volume over the past 10 days was 0.2 million shares, and the average trade volume was 86.59K shares over the past three months.
ClearSign Technologies Corp (CLIR) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. CLIR has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.03.
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ClearSign Technologies Corp (NASDAQ:CLIR) trade information
ClearSign Technologies Corp (CLIR) registered a 16.01% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 16.01% in intraday trading to $1.13, hitting a weekly high. The stock’s 5-day price performance is 22.61%, and it has moved by 31.94% in 30 days. Based on these gigs, the overall price performance for the year is 14.99%. The short interest in ClearSign Technologies Corp (NASDAQ:CLIR) is 0.27 million shares and it means that shorts have 3.78 day(s) to cover.
ClearSign Technologies Corp (CLIR) estimates and forecasts
Statistics show that ClearSign Technologies Corp has underperformed its competitors in share price, compared to the industry in which it operates. ClearSign Technologies Corp (CLIR) shares have gone up 48.24% during the last six months, with a year-to-date growth rate less than the industry average at 0.00% against 9.70. In the rating firms’ projections, revenue will increase 440.80% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 1.55M as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 3.98M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 1.27M and 2.4M respectively. In this case, analysts expect current quarter sales to grow by 21.66% and then jump by 65.83% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 20.15%. While earnings are projected to return 0.00% in 2024.
CLIR Dividends
ClearSign Technologies Corp is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
ClearSign Technologies Corp (NASDAQ:CLIR)’s Major holders
ClearSign Technologies Corp insiders own 20.07% of total outstanding shares while institutional holders control 6.40%, with the float percentage being 8.01%. VANGUARD GROUP INC is the largest shareholder of the company, while 27.0 institutions own stock in it. As of 2024-06-30, the company held over 1.12 million shares (or 2.8711% of all shares), a total value of $0.93 million in shares.
The next largest institutional holding, with 0.45 million shares, is of CAMBRIDGE INVESTMENT RESEARCH ADVISORS, INC.’s that is approximately 1.1661% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $0.38 million.
Also, the Mutual Funds coming in first place with the largest holdings of ClearSign Technologies Corp (CLIR) shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. Data provided on Jun 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 603.16 shares. This amounts to just over 1.20 percent of the company’s overall shares, with a $0.63 million market value. The same data shows that the other fund manager holds slightly less at 478.11, or about 0.95% of the stock, which is worth about $0.5 million.
