HC Wainwright Weighs in on ClearSign Technologies Co.’s Q1 2024 Earnings (NASDAQ:CLIR)

ClearSign Technologies Co. (NASDAQ:CLIR) – HC Wainwright issued their Q1 2024 earnings estimates for ClearSign Technologies in a report issued on Wednesday, April 24th. HC Wainwright analyst A. Dayal forecasts that the technology company will earn ($0.03) per share for the quarter. HC Wainwright currently has a “Buy” rating and a $6.00 target price on the stock. HC Wainwright also issued estimates for ClearSign Technologies’ Q2 2024 earnings at ($0.04) EPS, Q3 2024 earnings at ($0.03) EPS, Q4 2024 earnings at ($0.02) EPS, FY2024 earnings at ($0.11) EPS, FY2025 earnings at $0.03 EPS, FY2026 earnings at $0.18 EPS and FY2027 earnings at $0.37 EPS.

Separately, StockNews.com initiated coverage on shares of ClearSign Technologies in a research note on Wednesday. They set a “sell” rating on the stock.

ClearSign Technologies Stock Performance

CLIR stock opened at $0.75 on Friday. The company’s 50 day moving average price is $1.01 and its 200 day moving average price is $1.04. ClearSign Technologies has a fifty-two week low of $0.74 and a fifty-two week high of $1.75. The firm has a market capitalization of $29.28 million, a price-to-earnings ratio of -6.00 and a beta of 0.99.

ClearSign Technologies (NASDAQ:CLIR) last issued its quarterly earnings results on Monday, April 1st. The technology company reported ($0.02) earnings per share (EPS) for the quarter. The business had revenue of $1.27 million for the quarter. ClearSign Technologies had a negative return on equity of 77.28% and a negative net margin of 216.15%.

Institutional Trading of ClearSign Technologies

A hedge fund recently raised its stake in ClearSign Technologies stock. Disciplined Investments LLC increased its position in shares of ClearSign Technologies Co. (NASDAQ:CLIR) by 223.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 48,016 shares of the technology company’s stock after buying an additional 33,152 shares during the period. Disciplined Investments LLC owned about 0.12% of ClearSign Technologies worth $46,000 at the end of the most recent reporting period. 24.03% of the stock is currently owned by institutional investors.

About ClearSign Technologies

ClearSign Technologies Corporation designs and develops technologies to enhance operational performance, energy efficiency, emission reduction, safety, and overall cost-effectiveness of industrial and commercial systems in the United States and the People's Republic of China. Its ClearSign Core Burner Technology consists of an industrial burner body and a downstream porous ceramic structure or metal flame stabilizing device; ClearSign Core Plug & Play Burner technology provides direct burner replacement for traditional refinery process heaters; and ClearSign Eye Flame Sensor, an electrical flame sensor for industrial applications.