ClearSign Technologies (NASDAQ:CLIR) Share Price Crosses Below 200 Day Moving Average – Should You Sell?
by Scott Moore · The Cerbat GemShares of ClearSign Technologies Corporation (NASDAQ:CLIR – Get Free Report) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $5.45 and traded as low as $3.59. ClearSign Technologies shares last traded at $3.71, with a volume of 4,871 shares traded.
Wall Street Analyst Weigh In
CLIR has been the topic of a number of research reports. HC Wainwright boosted their target price on shares of ClearSign Technologies from $2.00 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday, April 14th. Weiss Ratings reissued a “sell (d-)” rating on shares of ClearSign Technologies in a report on Friday, March 27th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, ClearSign Technologies has an average rating of “Hold” and a consensus price target of $20.00.
Get Our Latest Stock Analysis on ClearSign Technologies
ClearSign Technologies Trading Down 3.7%
The stock has a market cap of $18.34 million, a price-to-earnings ratio of -3.42 and a beta of 1.34. The stock’s 50-day moving average price is $4.64 and its 200-day moving average price is $5.42.
ClearSign Technologies (NASDAQ:CLIR – Get Free Report) last announced its quarterly earnings data on Friday, May 15th. The technology company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.10). ClearSign Technologies had a negative net margin of 111.66% and a negative return on equity of 61.24%. The business had revenue of $0.19 million during the quarter, compared to analyst estimates of $1.27 million. As a group, analysts predict that ClearSign Technologies Corporation will post -0.99 earnings per share for the current year.
Hedge Funds Weigh In On ClearSign Technologies
Institutional investors and hedge funds have recently modified their holdings of the business. Americana Partners LLC boosted its stake in ClearSign Technologies by 83.3% during the fourth quarter. Americana Partners LLC now owns 55,000 shares of the technology company’s stock worth $31,000 after acquiring an additional 25,000 shares in the last quarter. Renaissance Technologies LLC increased its stake in ClearSign Technologies by 89.6% in the fourth quarter. Renaissance Technologies LLC now owns 77,800 shares of the technology company’s stock valued at $43,000 after purchasing an additional 36,769 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in ClearSign Technologies by 895.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 71,730 shares of the technology company’s stock valued at $40,000 after purchasing an additional 64,523 shares in the last quarter. Finally, Rockefeller Capital Management L.P. raised its holdings in shares of ClearSign Technologies by 801.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 81,209 shares of the technology company’s stock valued at $45,000 after purchasing an additional 72,200 shares during the period. 24.03% of the stock is currently owned by institutional investors.
About ClearSign Technologies
ClearSign Technologies Corporation is a clean energy technology company specializing in advanced combustion solutions that significantly reduce emissions of nitrogen oxides (NOx), carbon monoxide (CO), and greenhouse gases from industrial and power generation sources. Established in 2010 and based in Santa Rosa, California, ClearSign has developed proprietary burner and sensing platforms designed to enhance fuel efficiency and environmental performance for gas turbines, furnaces, boilers, and incineration units.
The company’s core offerings center around two technology platforms: the XCL™ ultra-low NOx combustion system and the SGM™ (Syngas & Gas Measurement) sensor suite.