Clene Inc (CLNN) saw an uptrend of 31.21% in the recent trading with $10.51 being its most recent. The current price level 30.56% lower than the highest price of $8.05 marked by the stock while trading over the past 52-weeks, whereas it is 360.94% higher than the lowest price of $2.28 the company dropped to over past 52-weeks. The latest news story on CLNN appeared in (GlobeNewswire) under the title “Clene Presents New Clinical Data at ECTRIMS 2025 Meeting Demonstrating CNM-Au8 Improves Brain Energy Metabolism in Multiple Sclerosis Patients”.
Squeezing the time span to 30 day period shows us the stock is currently trading -0.66% below one month high and is +87.01% above of the lowest during that time. Looking into the simple moving average, Clene Inc (CLNN)’s stock stands at a SMA-50 of $5.30 while that of 5-day is reading $7.50.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and CLNN’s SMA-200 as of now is $4.28.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Strong Buy by 4 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 1.00 for the stock.
Clene Inc Earnings – What Happened With CLNN
Coming around sales and income figures on CLNN Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. Clene Inc (CLNN) last released financial results for the quarter that ended 9/30/2024, posting a surprise factor of 14.02% for net revenue.
CLNN – Clene Inc Stock Earnings Estimates
The perspective of Clene Inc (NASDAQ:CLNN)’s current quarter earnings identifies that analysts are in consensus over the estimate of -1.29 for stock’s EPS in the current quarter. Clene Inc (CLNN) last released financial results for the quarter that ended 9/30/2024, posting a surprise factor of 14.02% for net revenue. Company’s EPS for the last quarter was -1.11.
Clene Inc – Insider Activity and Holdings
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 9.46 million. CLNN does have institutional investors; and they hold 5.93% of the stock.
As on 2024-06-30, VANGUARD GROUP INC was the top most holder in Clene Inc (NASDAQ:CLNN) with an ownership of 2.62 million shares of the company or 2.0412 of the stake worth $0.93 million. The filing also reveals GEODE CAPITAL MANAGEMENT, LLC as the second largest holder in the company with a control over 0.7174 of the outstanding shares. Its stake is worth $0.33 million for having 0.92 million shares in hand.
LUNT CAPITAL MANAGEMENT, INC. also came holding a key position in the company during the recent quarter and it now holds 0.4599 of the outstanding shares. With this there are now 30.0 institutions which have possession in CLNN’s shares.
Technical Analysis of Clene Inc (NASDAQ:CLNN) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Clene Inc (CLNN), we notice that the stock’s 20-day average volume is at 124,185 shares and 100% of short term indicators are suggesting the stock as Buy. Medium term indicators at an average of 100% are spotting the stock at Buy with its 50-day average volume of 109,688 shares. And to end, CLNN’s 100-day average volume is 101,697 shares with 100% of the long-term indicators pointing towards Buy for the stock.
