Clene Inc (NASDAQ:CLNN) saw an upside of 8.74% to $0.50 after adding $0.04 on Tuesday. The 5-day average trading volume is 703,613 shares of the company’s common stock. It has gained $0.6099 in the past week and touched a new high 2 times within the past 5 days. An average of 512,353 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 402,367.
CLNN’s 1-month performance is -28.35% or -$0.2039 on its low of $0.4140 reached on 09/25/23. The company’s shares have touched a 52-week low of $0.41 and high of $3.23, with the stock’s rally to the 52-week high happening on 02/13/23. YTD, CLNN has lost -49.55% or -$0.4997 and has reached a new high 9 times. However, the current price is down -84.38% from the 52-week high price.
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Valuation Metrics
CLNN stock has a beta of 0.41. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 50.71 while the price-to-book (PB) in the most recent quarter is 3.01.
Clene Inc’s quick ratio for the period ended June 29 was 9.30, with the current ratio over the same period at 9.31. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.44, while the total debt to equity was 1.47. In terms of profitability, the gross margin trailing 12 months is -142.73%. The trailing 12-month EBITDA margin is -9936.79% while for the period ending June 29, Clene Inc’s operating margin was -5426.79%. The firm’s gross profit as reported stood at $0.45 million against revenue of $0.47 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 81.98% to -$25.14 million, while revenue of -$11.77 million was 53.18% off the previous quarter. Analysts expected CLNN to announce -$0.12 per share in earnings in its latest quarter, but it posted -$0.29, representing a -141.70% surprise. EBITDA for the quarter stood at more than -$9.89 million. CLNN stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 46.31 million, with total debt at $31.66 million. Shareholders hold equity totaling $128.41 million.
Let’s look briefly at Clene Inc (CLNN) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 25 September was 31.04% to suggest the stock is trending Neutral, with historical volatility in this time period at 80.42%.
The stock’s 5-day moving average is $0.4781, reflecting a +2.44% or $0.0119 change from its current price. CLNN is currently trading -28.19% above its 20-day SMA, -46.26% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -38.45% and SMA200 by-51.43%.
Stochastic %K and %D was 15.40% and 8.70% and the average true range (ATR) pointed at 0.0728. The RSI (14) points at 30.78%, while the 14-day stochastic is at 29.82% with the period’s ATR at 0.0657. The stock’s 9-day MACD Oscillator is pointing at -0.0307 and -0.0786 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Clene Inc (NASDAQ: CLNN), Oppenheimer downgraded it to a Perform rating. They previously had an Outperform rating on the stock.
