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 research report report published on Monday morning. The brokerage issued a sell rating on the technology company’s stock.

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

ClearSign Technologies Price Performance

NASDAQ:CLIR opened at $0.84 on Monday. ClearSign Technologies has a fifty-two week low of $0.62 and a fifty-two week high of $1.72. The stock’s 50-day moving average is $0.77 and its two-hundred day moving average is $0.83. The stock has a market cap of $42.00 million, a PE ratio of -6.97 and a beta of 1.05.

ClearSign Technologies (NASDAQ:CLIR) last announced its quarterly earnings results on Wednesday, August 21st. The technology company reported ($0.04) EPS for the quarter, meeting the consensus estimate of ($0.04). The business had revenue of $0.05 million during the quarter, compared to analysts’ expectations of $0.33 million. ClearSign Technologies had a negative return on equity of 66.91% and a negative net margin of 210.18%. During the same quarter in the previous year, the business posted ($0.04) EPS. On average, equities research analysts anticipate that ClearSign Technologies will post -0.13 earnings per share for the current year.

Institutional Investors Weigh In On ClearSign Technologies

A hedge fund recently bought a new stake in ClearSign Technologies stock. Prevail Innovative Wealth Advisors LLC bought a new position in ClearSign Technologies Co. (NASDAQ:CLIR) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 Securities and Exchange Commission. Institutional investors and hedge funds 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.