Clene Inc (NASDAQ: CLNN) is 11.23% higher on its value in year-to-date trading and has touched a low of $0.25 and a high of $1.09 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CLNN stock was last observed hovering at around $0.34 in the last trading session, with the day’s loss setting it -0.01%.
Currently trading at $0.33, the stock is -16.89% and -20.58% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.28 million and changing -2.86% at the moment leaves the stock -35.58% off its SMA200. CLNN registered -66.62% loss for a year compared to 6-month loss of -32.67%.
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The stock witnessed a -17.75% gain in the last 1 month and extending the period to 3 months gives it a -26.69%, and is -13.37% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 14.52% over the week and 8.61% over the month.
Clene Inc (CLNN) has around 85 employees, a market worth around $42.37M and $0.65M in sales. Profit margin for the company is -7569.42%. Distance from 52-week low is 31.96% and -69.73% from its 52-week high. The company has generated returns on investments over the last 12 months (-194.55%).
The EPS is expected to grow by 35.74% this year
The shares outstanding are 128.42M, and float is at 67.95M with Short Float at 0.24%.
Clene Inc (CLNN) Insider Activity
The most recent transaction is an insider sale by General Resonance LLC, the company’s 10% Owner. SEC filings show that General Resonance LLC sold 22,500 shares of the company’s common stock on Apr 09 ’24 at a price of $0.39 per share for a total of $8674.0. Following the sale, the insider now owns 15.43 million shares.
Clene Inc disclosed in a document filed with the SEC on Nov 10 ’23 that MATLIN DAVID J (Director) bought a total of 250,002 shares of the company’s common stock. The trade occurred on Nov 10 ’23 and was made at $0.41 per share for $0.1 million. Following the transaction, the insider now directly holds 7.04 million shares of the CLNN stock.
Still, SEC filings show that on Jun 26 ’23, Stevens John Henry (Director) acquired 316,455 shares at an average price of $0.80 for $0.25 million. The insider now directly holds 800,204 shares of Clene Inc (CLNN).
