At the end of the latest market close, ClearOne Inc. (CLRO) was valued at $2.47. In that particular session, Stock kicked-off at the price of $2.37 while reaching the peak value of $2.55 and lowest value recorded on the day was $2.30. The stock current value is $2.62.
Recently in News on September 14, 2020, ClearOne, Inc. Announces $5.3 Million Registered Direct Offering Priced At-the-Market under Nasdaq Rules. ClearOne, Inc. (Nasdaq: CLRO) (“ClearOne” or the “Company”) today announced that it has entered into definitive agreements with institutional and accredited investors, with the participation of Edward D. Bagley, the Company’s largest stockholder, and Zeynep Hakimoglu, the Company’s Chief Executive Officer, for the purchase and sale of an aggregate of 2,116,050 shares of its common stock at a purchase price of $2.4925 per share in a registered direct offering priced at-the-market under Nasdaq rules. The Company also agreed to issue to the investors unregistered warrants to purchase up to an aggregate of 1,058,025 shares of common stock. The warrants have an exercise price of $2.43 per share, are exercisable immediately, and will expire five years following the date of issuance. The closing of the offering is expected to occur on or about September 16, 2020, subject to the satisfaction of customary closing conditions. You can read further details here
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ClearOne Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $3.54 on 09/02/20, with the lowest value was $1.48 for the same time period, recorded on 05/14/20.
ClearOne Inc. (CLRO) full year performance was 9.78%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, ClearOne Inc. shares are logging -25.99% during the 52-week period from high price, and 98.48% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $1.32 and $3.54.
The company’s shares, operating in the sector of Technology managed to top a trading volume set approximately around 1763969 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the ClearOne Inc. (CLRO) recorded performance in the market was 48.80%, having the revenues showcasing 6.47% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 36.38M, as it employees total of 127 workers.
Specialists analysis on ClearOne Inc. (CLRO)
During the last month, 0 analysts gave the ClearOne Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 2.23, with a change in the price was noted +0.78. In a similar fashion, ClearOne Inc. posted a movement of +43.06% for the period of last 100 days, recording 106,212 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for CLRO is recording 0.09 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.09.
Trends and Technical analysis: ClearOne Inc. (CLRO)
Raw Stochastic average of ClearOne Inc. in the period of last 50 days is set at 36.60%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 32.75%. In the last 20 days, the company’s Stochastic %K was 24.86% and its Stochastic %D was recorded 18.04%.
Now, considering the stocks previous presentation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 48.80%. Additionally, trading for the stock in the period of the last six months notably improved by 32.09%, alongside a boost of 9.78% for the period of the last 12 months. The shares increased approximately by 14.88% in the 7-day charts and went up by -22.81% in the period of the last 30 days. Common stock shares were driven by 6.47% during last recorded quarter.