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

Equities researchers at StockNews.com started coverage on shares of ClearSign Technologies (NASDAQ:CLIR) in a report released on Monday. The firm set a “sell” rating on the technology company’s stock.

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

ClearSign Technologies Price Performance

NASDAQ:CLIR opened at $0.88 on Monday. ClearSign Technologies has a 1-year low of $0.62 and a 1-year high of $1.72. The company has a market capitalization of $43.98 million, a PE ratio of -7.30 and a beta of 1.05. The firm’s 50-day moving average price is $0.78 and its 200-day moving average price is $0.83.

ClearSign Technologies (NASDAQ:CLIR) last announced its quarterly earnings data on Wednesday, August 21st. The technology company reported ($0.04) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.04). ClearSign Technologies had a negative net margin of 210.18% and a negative return on equity of 66.91%. The business had revenue of $0.05 million for the quarter, compared to analysts’ expectations of $0.33 million. During the same quarter in the prior year, the company earned ($0.04) earnings per share. Equities analysts anticipate that ClearSign Technologies will post -0.13 EPS for the current fiscal year.

Institutional Investors Weigh In On ClearSign Technologies

An institutional investor recently bought a new position in ClearSign Technologies stock. Prevail Innovative Wealth Advisors LLC bought a new position in ClearSign Technologies Co. (NASDAQ:CLIR) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund 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 filing with the 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.