ClearSign Technologies (NASDAQ:CLIR) Receives New Coverage from Analysts at StockNews.com

StockNews.com began coverage on shares of ClearSign Technologies (NASDAQ:CLIR) in a research report sent to investors on Sunday morning. The firm issued a sell rating on the technology company’s stock.

Separately, HC Wainwright reaffirmed a buy rating and issued a $6.00 price target on shares of ClearSign Technologies in a research report on Wednesday, April 24th.

ClearSign Technologies Price Performance

Shares of NASDAQ CLIR opened at $0.90 on Friday. ClearSign Technologies has a one year low of $0.73 and a one year high of $1.75. The business’s 50-day moving average price is $0.88 and its two-hundred day moving average price is $1.02. The company has a market capitalization of $41.32 million, a P/E ratio of -7.50 and a beta of 1.07.

ClearSign Technologies (NASDAQ:CLIR) last announced its quarterly earnings results on Wednesday, May 15th. The technology company reported ($0.03) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.03). ClearSign Technologies had a negative return on equity of 85.65% and a negative net margin of 186.63%. The company had revenue of $1.10 million during the quarter, compared to analysts’ expectations of $1.02 million. On average, equities analysts anticipate that ClearSign Technologies will post -0.11 EPS for the current year.

Hedge Funds Weigh In On ClearSign Technologies

A hedge fund recently bought a new stake in ClearSign Technologies stock. Prevail Innovative Wealth Advisors LLC acquired a new position in shares of ClearSign Technologies Co. (NASDAQ:CLIR) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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. Hedge funds and other institutional investors own 24.03% of the company’s stock.

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.