Home  »  Industry   »  A Tale of Resilience: Clene Inc. Amid Stock Market...

A Tale of Resilience: Clene Inc. Amid Stock Market Turbulence

Currently, the stock price of Clene Inc. (CLNN) is $0.54. In the most recent trading session, the stock underwent a significant upswing, peaking at $0.60 after opening at $0.5732. The stock touched a low of $0.5212 before closing at $0.60.

Clene Inc.’s stock has seen a rocky market performance. The company’s stock achieved a 1-year high of $3.23 on 09/28/22, and the lowest price during that time was $0.59, recorded on 09/15/23.

Do You Know The Best Place To Find Gains In Volatile Markets?

In today's chaotic marketplace, the biggest gains will come from some currently-small companies that pass by older, larger businesses still stuck in a pre-pandemic world. The trick is figuring out which small caps will be tomorrow's winners. That's why StockWire News has put together a special Wealth Building Report, highlighting 3 small cap stocks set to soar in 2023.

Click here for full details and to join for free

52-week price history of CLNN Stock

A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. Clene Inc.’s current trading price is -83.28% away from its 52-week high, while its distance from the 52-week low is -8.43%. The stock’s price range during this period has fluctuated between $0.59 and $3.23. Shares of the company, which operates in the Healthcare sector, recorded a trading volume of around 1.56 million for the day, which was evidently higher than the average daily volume of 0.61 million over the last three months.

Financial Performance and Market Capitalization

Clene Inc. (CLNN) has experienced a quarterly decline of -48.57% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 76.90M and boasts a workforce of 75 employees.

Analysts’ Ratings For Clene Inc.

As of right now, 6 analysts are rating Clene Inc. as a BUY, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analyst is recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 analyst is rating the stock as SELL.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 0.8320, with a change in price of -0.4399. Similarly, Clene Inc. recorded 431,901 in trading volume during the last 100 days, posting a change of -44.89%.

CLNN Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for CLNN stands at 1.20. Similarly, the long-term debt-to-equity ratio is also 1.20.

CLNN Stock Stochastic Average

The raw stochastic average for Clene Inc. over the last 50 days is presently at 5.72%. This reflects a drop from the raw stochastic average of the previous 20 days, which was noted at 7.31%. Further, the company’s Stochastic %K and %D values for the last 20 days were 5.38% and 5.91%, respectively.

CLNN Stock Price Performance Analysis

Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. This year’s metric has recorded a Price decrease of -46.00%. However, over the past six months, we’ve seen a stronger performance of -58.46%. The price of CLNN leaped by -25.93% over the last 30 days. And in the last five days, it has fallen by -16.92%.

Leave a Comment

Your email address will not be published. Required fields are marked *

On Key

Related Posts