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

StockNews.com started coverage on shares of ClearSign Technologies (NASDAQ:CLIR) in a research note published on Wednesday morning. The firm issued a sell rating on the technology company’s stock.

Separately, HC Wainwright reiterated a buy rating and issued a $6.00 price target on shares of ClearSign Technologies in a research report on Tuesday, May 28th.

ClearSign Technologies Stock Up 2.8 %

Shares of ClearSign Technologies stock opened at $0.75 on Wednesday. The business has a fifty day simple moving average of $0.80 and a 200-day simple moving average of $0.89. ClearSign Technologies has a fifty-two week low of $0.62 and a fifty-two week high of $1.72. The firm has a market cap of $37.63 million, a price-to-earnings ratio of -6.25 and a beta of 1.05.

ClearSign Technologies (NASDAQ:CLIR) last posted its quarterly earnings results on Wednesday, May 15th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.03). The firm had revenue of $1.10 million for the quarter, compared to analyst estimates of $1.02 million. ClearSign Technologies had a negative net margin of 186.63% and a negative return on equity of 85.65%. Analysts anticipate that ClearSign Technologies will post -0.12 earnings per share for the current fiscal year.

Insider Activity at ClearSign Technologies

In other news, major shareholder Robert Thurston Sr Hoffman, Sr. acquired 3,350,000 shares of the stock in a transaction on Monday, June 24th. The shares were purchased at an average cost of $0.91 per share, for a total transaction of $3,048,500.00. Following the transaction, the insider now owns 9,539,857 shares in the company, valued at approximately $8,681,269.87. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 16.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ClearSign Technologies stock. Prevail Innovative Wealth Advisors LLC purchased a new stake in shares of ClearSign Technologies Co. (NASDAQ:CLIR) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 46,306 shares of the technology company’s stock, valued at approximately $45,000. Prevail Innovative Wealth Advisors LLC owned approximately 0.10% of ClearSign Technologies as of its most recent SEC filing. Institutional investors own 24.03% of the company’s stock.

ClearSign Technologies Company Profile

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.