The trading price of ClearSign Technologies Corp (NASDAQ:CLIR) closed lower on Friday, May 23, and closing at $0.62, -0.75% lower than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $1.72 and a 52-week low of $0.46. Over the past month, the stock has gained 5.62% in value.
ClearSign Technologies Corp, whose market valuation is $32.51 million at the time of this writing, is expected to release its quarterly earnings report in June. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest CLIR has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned CLIR a recommendation rating is 1. Out of them, 0 rate it a Hold, while 1 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged ClearSign Technologies Corp (CLIR) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that CLIR’s price is currently 1.91% off the SMA20 and -3.25% off the SMA50. The RSI metric on the 14-day chart is currently showing 48.48, and weekly volatility stands at 5.93%. When measured over the past 30 days, the indicator reaches 5.82%. ClearSign Technologies Corp (NASDAQ:CLIR)’s beta value is currently sitting at 1.27, while the Average True Range indicator is currently displaying 0.08.
To see how ClearSign Technologies Corp stock has been performing in comparison to its peers in the industry, here are the numbers: CLIR stock’s performance was -0.75% in the latest trading, and -17.32% in the past year.
An evaluation of the daily trading volume of ClearSign Technologies Corp (NASDAQ:CLIR) indicates that the 3-month average is 78.75K.
Currently, records show that 52.42 million of the company’s shares remain outstanding. The insiders hold 21.03% of outstanding shares, whereas institutions hold 7.83%. However, since the stock’s price has seen -56.94% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
