ClearSign Technologies (NASDAQ:CLIR) Receives New Coverage from Analysts at initiated coverage on shares of ClearSign Technologies (NASDAQ:CLIRFree Report) in a report released on Saturday morning. The firm issued a sell rating on the technology company’s stock.

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

Check Out Our Latest Analysis on ClearSign Technologies

ClearSign Technologies Stock Performance

ClearSign Technologies stock opened at $0.76 on Friday. The firm’s fifty day moving average price is $0.90 and its 200-day moving average price is $1.03. The stock has a market cap of $34.89 million, a P/E ratio of -6.33 and a beta of 1.07. ClearSign Technologies has a fifty-two week low of $0.74 and a fifty-two week high of $1.75.

ClearSign Technologies (NASDAQ:CLIRGet Free Report) last posted its quarterly earnings data on Wednesday, May 15th. The technology company reported ($0.03) earnings per share for the quarter, meeting the consensus estimate of ($0.03). The firm had revenue of $1.10 million for the quarter, compared to analysts’ expectations of $1.02 million. ClearSign Technologies had a negative net margin of 186.63% and a negative return on equity of 85.65%. On average, analysts predict that ClearSign Technologies will post -0.11 earnings per share 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 purchased a new stake in shares of ClearSign Technologies Co. (NASDAQ:CLIRFree Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 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 at the end of the most recent reporting period. 24.03% of the stock is owned by hedge funds and other institutional investors.

About ClearSign Technologies

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ClearSign Technologies Corporation designs and develops technologies to enhance operational performance, energy efficiency, emission reduction, safety, and overall cost-effectiveness of industrial and commercial systems in the United States and the People's Republic of China. Its ClearSign Core Burner Technology consists of an industrial burner body and a downstream porous ceramic structure or metal flame stabilizing device; ClearSign Core Plug & Play Burner technology provides direct burner replacement for traditional refinery process heaters; and ClearSign Eye Flame Sensor, an electrical flame sensor for industrial applications.

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