ClearSign Technologies (NASDAQ:CLIR) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of ClearSign Technologies (NASDAQ:CLIR) in a report released on Friday morning. The brokerage issued a sell rating on the technology company’s stock.

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

ClearSign Technologies Price Performance

CLIR stock opened at $0.82 on Friday. The company’s 50 day simple moving average is $0.79 and its 200-day simple moving average is $0.80. ClearSign Technologies has a 52-week low of $0.62 and a 52-week high of $1.72. The firm has a market capitalization of $41.17 million, a P/E ratio of -6.83 and a beta of 1.06.

ClearSign Technologies (NASDAQ:CLIR) last posted its quarterly earnings results on Wednesday, August 21st. The technology company reported ($0.04) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.04). The business had revenue of $0.05 million during the quarter, compared to analyst estimates 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 firm earned ($0.04) earnings per share. Sell-side analysts predict that ClearSign Technologies will post -0.13 EPS 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 its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 46,306 shares of the technology company’s stock, valued at approximately $45,000. Prevail Innovative Wealth Advisors LLC owned about 0.10% of ClearSign Technologies as of its most recent filing with the Securities and Exchange Commission (SEC). 24.03% of the stock is currently owned by institutional investors and hedge funds.

About ClearSign Technologies

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.