ClearSign Technologies (NASDAQ:CLIR) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of ClearSign Technologies (NASDAQ:CLIR) in a research report sent to investors on Tuesday 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 price objective on shares of ClearSign Technologies in a report on Thursday, August 22nd.

ClearSign Technologies Price Performance

Shares of NASDAQ:CLIR opened at $0.82 on Tuesday. The stock has a market capitalization of $41.18 million, a P/E ratio of -6.83 and a beta of 1.05. The business has a 50-day moving average of $0.77 and a two-hundred day moving average of $0.82. ClearSign Technologies has a fifty-two week low of $0.62 and a fifty-two week high of $1.72.

ClearSign Technologies (NASDAQ:CLIR) last posted its earnings results on Wednesday, August 21st. The technology company reported ($0.04) earnings per share for the quarter, hitting the consensus estimate of ($0.04). ClearSign Technologies had a negative return on equity of 66.91% and a negative net margin of 210.18%. The firm had revenue of $0.05 million during the quarter, compared to analyst estimates of $0.33 million. During the same period in the previous year, the company earned ($0.04) EPS. As a group, research analysts expect that ClearSign Technologies will post -0.13 EPS for the current fiscal year.

Hedge Funds Weigh In On ClearSign Technologies

An institutional investor recently bought a new stake in ClearSign Technologies stock. Prevail Innovative Wealth Advisors LLC bought a new stake in ClearSign Technologies Co. (NASDAQ:CLIR) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 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 SEC filing. 24.03% of the stock is currently owned by institutional investors.

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.