StockNews.com Begins Coverage on ClearSign Technologies (NASDAQ:CLIR)

Analysts at StockNews.com assumed coverage on shares of ClearSign Technologies (NASDAQ:CLIR) in a research note issued to investors on Thursday. The brokerage set a “sell” rating on the technology company’s stock.

Separately, HC Wainwright reaffirmed a “buy” rating and issued a $6.00 price target on shares of ClearSign Technologies in a research note on Thursday, August 22nd.

ClearSign Technologies Price Performance

Shares of CLIR stock opened at $0.85 on Thursday. ClearSign Technologies has a 1-year low of $0.62 and a 1-year high of $1.72. The company has a market cap of $42.67 million, a price-to-earnings ratio of -7.08 and a beta of 1.06. The stock has a 50 day simple moving average of $0.78 and a 200-day simple moving average of $0.81.

ClearSign Technologies (NASDAQ:CLIR) last posted its quarterly earnings data on Wednesday, August 21st. The technology company reported ($0.04) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.04). The company had revenue of $0.05 million during the quarter, compared to analysts’ expectations of $0.33 million. ClearSign Technologies had a negative net margin of 210.18% and a negative return on equity of 66.91%. During the same period in the prior year, the business posted ($0.04) earnings per share. Analysts anticipate that ClearSign Technologies will post -0.13 earnings per share for the current fiscal year.

Institutional Trading of ClearSign Technologies

A hedge fund recently bought a new stake in ClearSign Technologies stock. Prevail Innovative Wealth Advisors LLC acquired a new stake in ClearSign Technologies Co. (NASDAQ:CLIR) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 46,306 shares of the technology company’s stock, valued at approximately $45,000. Prevail Innovative Wealth Advisors LLC owned approximately 0.10% of ClearSign Technologies as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 24.03% of the company’s stock.

ClearSign Technologies Company Profile

ClearSign Technologies Corporation designs and develops products and technologies to enhance emission and operational performance, energy efficiency, emission reduction, safety, and overall cost-effectiveness of industrial and commercial systems in the United States, the People's Republic of China, and Hong Kong.