Should This Give ClearOne Inc (NASDAQ: CLRO) Investors Sleepless Nights?

The trading price of ClearOne Inc (NASDAQ:CLRO) closed lower on Tuesday, April 02, closing at $1.69, -7.65% lower than its previous close.

In examining the 52-week price action we see that the stock hit a 52-week high of $2.48 and a 52-week low of $0.63. Over the past month, the stock has gained 80.86% in value.

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ClearOne Inc, whose market valuation is $40.49 million at the time of this writing, is expected to release its quarterly earnings report Apr 15, 2024 – Apr 19, 2024. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0 per share this quarter, however they have predicted annual earnings per share of $0 for 2018 and $0 for 2019.

Analysts have forecast the company to bring in revenue of $6.68 million for the current quarter, with the likely lows of $9.94 million and highs of $9.94 million. The average estimate suggests sales will likely down by -36.70% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2018 is $28.16 million. The company’s revenue is forecast to drop by -32.60% over what it did in 2018.

A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of ClearOne Inc No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest CLRO has a 100% Buy 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% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.

A quick review shows that CLRO’s price is currently 7.73% off the SMA20 and 38.22% off the SMA50. The RSI metric on the 14-day chart is currently showing 57.05, and weekly volatility stands at 12.12%. When measured over the past 30 days, the indicator reaches 11.80%. ClearOne Inc (NASDAQ:CLRO)’s beta value is currently sitting at 0.91, while the Average True Range indicator is currently displaying 0.18.

To see how ClearOne Inc stock has been performing in comparison to its peers in the industry, here are the numbers: CLRO stock’s performance was -7.65% in the latest trading, and 109.05% in the past year.

An evaluation of the daily trading volume of ClearOne Inc (NASDAQ:CLRO) indicates that the 3-month average is 2.73 million. However, this figure has increased over the past 10 days to an average of 0.59 million.

Currently, records show that 23.97 million of the company’s shares remain outstanding. The insiders hold 57.86% of outstanding shares, whereas institutions hold 5.14%. The stats also highlight that short interest as of Mar 15, 2024, stood at 1.48 million shares, resulting in a short ratio of 0.19 at that time. From this, we can conclude that short interest is 6.18% of the company’s total outstanding shares. It is noteworthy that short shares in March were up slightly from the previous month’s figure, which was 99180.0. However, since the stock’s price has seen 56.28% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.