Clene Inc (NASDAQ:CLNN) traded at $0.43 at close of the session on Tuesday, April 30, made an upward move of 22.78% on its previous day’s price.
Looking at the stock we see that its previous close was $0.35 . In terms of its 52-week price range, CLNN has a high of $1.09 and a low of $0.25. The company’s stock has gained about 2.83% over that past 30 days.
Clene Inc has a market cap of $55.46 million. Estimates by analysts give the company expected earnings per share (EPS) of -$0.08, with the EPS growth for the year raised at -$0.3 for 2024 and -$0.28 for next year. These figures represent 36.20% and 6.70% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $120k, with a high of $200k. The median projection represents growth squeezing down to 12.10% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $440k, or -32.70% down from figures reported last year.
On the other hand, looking at the outlook for the CLNN stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of Hold.
Looking further, we note the current price level is 18.82% off its SMA20 and 8.01% from its 50-day simple moving average. The RSI (14) is pointing at 62.52 while the volatility over the past week is 9.37% and jumps to 9.97% over the past one month. The beta value is 0.52, while the average true range (ATR) is currently pointing at 0.04.
Coming back to Clene Inc (NASDAQ:CLNN), we note that the average 3-month trading volume was 913.18K. Current shares outstanding are 128.42 million.
The insiders hold 46.99% of the company’s shares while institutions hold 9.20%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 45.58% up in year-to-date price movement.
