ClearSign Technologies (NASDAQ:CLIR) Earns Sell Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of ClearSign Technologies (NASDAQ:CLIR) in a report released on Tuesday morning. The firm issued 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 Stock Performance

Shares of CLIR opened at $0.82 on Tuesday. The stock has a fifty day moving average price of $0.77 and a two-hundred day moving average price of $0.82. ClearSign Technologies has a 52-week low of $0.62 and a 52-week high of $1.72. The company has a market cap of $41.17 million, a price-to-earnings ratio of -6.83 and a beta of 1.05.

ClearSign Technologies (NASDAQ:CLIR) last issued its quarterly earnings data on Wednesday, August 21st. The technology company reported ($0.04) earnings per share (EPS) for the quarter, meeting 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 the consensus estimate of $0.33 million. During the same quarter in the previous year, the company posted ($0.04) EPS. As a group, research analysts predict 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 stake in ClearSign Technologies Co. (NASDAQ:CLIR) in the 1st quarter, according to its most recent Form 13F filing 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 0.10% of ClearSign Technologies as of its most recent filing with the Securities and Exchange Commission. 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.