Clene Inc Stock Price on March 26, 2021
| CLNN Stock | USD 0.33 0.01 2.94% |
Below is the normalized historical share price chart for Clene Inc extending back to August 27, 2018. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Clene stands at 0.33, as last reported on the 19th of April, with the highest price reaching 0.34 and the lowest price hitting 0.31 during the day.
If you're considering investing in Clene Stock, it is important to understand the factors that can impact its price. Clene Inc secures Sharpe Ratio (or Efficiency) of -0.0905, which signifies that the company had a -0.0905% return per unit of standard deviation over the last 3 months. Clene Inc exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Clene's risk adjusted performance of (0.06), and Mean Deviation of 3.4 to double-check the risk estimate we provide.
At this time, Clene's Other Stockholder Equity is very stable compared to the past year. As of the 19th of April 2024, Total Stockholder Equity is likely to grow to about 14.1 M, while Common Stock is likely to drop 8,433. . As of the 19th of April 2024, Price To Sales Ratio is likely to drop to 45.21. In addition to that, Price Earnings Ratio is likely to drop to -0.66. Clene Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 31st of December 2020 | 200 Day MA 0.5127 | 50 Day MA 0.416 | Beta 0.488 |
Clene |
Sharpe Ratio = -0.0905
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| Negative Returns | CLNN |
Estimated Market Risk
| 4.93 actual daily | 43 57% of assets are more volatile |
Expected Return
| -0.45 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.09 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Clene is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Clene by adding Clene to a well-diversified portfolio.
Price Book 3.4318 | Enterprise Value Ebitda (1.00) | Price Sales 70.6365 | Shares Float 66.8 M | Wall Street Target Price 5 |
Clene Valuation on March 26, 2021
It is possible to determine the worth of Clene on a given historical date. On March 26, 2021 Clene was worth 3.78 at the beginning of the trading date compared to the closed value of 3.93. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Clene stock. Still, in general, we apply an absolute valuation method to find Clene's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Clene where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Clene's related companies.
| Open | High | Low | Close | Volume | |
04/04/2022 | 3.78 | 3.97 | 3.70 | 3.93 | 88,200 |
| 3.92 | 3.95 | 3.50 | 3.63 | 97,000 |
| Backtest Clene | | | Clene History | | | Clene Valuation | Next |
Clene Trading Date Momentum on March 26, 2021
The event impact on price volatility cannot be determined at this time. Please check this event after some time to allow current data to be analyzed.Clene Inc Fundamentals Correlations and Trends
By evaluating Clene's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Clene's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Clene financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Clene Stock history
Clene investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Clene is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Clene Inc will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Clene stock prices may prove useful in developing a viable investing in Clene
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 104.9 M | 58.7 M | |
| Net Loss | -26.9 M | -28.3 M |
Clene Quarterly Net Working Capital |
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Clene Stock Technical Analysis
Clene technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Clene Period Price Range
Low | April 4, 2022
| High |
3.78 | 3.93 |
Clene April 19, 2024 Market Strength
Market strength indicators help investors to evaluate how Clene stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Clene shares will generate the highest return on investment. By undertsting and applying Clene stock market strength indicators, traders can identify Clene Inc entry and exit signals to maximize returns
| Accumulation Distribution | 5998.49 | |||
| Daily Balance Of Power | 0.5556 | |||
| Rate Of Daily Change | 1.04 | |||
| Day Median Price | 3.84 | |||
| Day Typical Price | 3.87 | |||
| Price Action Indicator | 0.17 | |||
| Period Momentum Indicator | (3.60) |
Clene Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Clene's price direction in advance. Along with the technical and fundamental analysis of Clene Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Clene to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.64) | |||
| Total Risk Alpha | (1.02) | |||
| Treynor Ratio | (0.35) |
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| Volume Indicators |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Clene Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
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When running Clene's price analysis, check to measure Clene's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Clene is operating at the current time. Most of Clene's value examination focuses on studying past and present price action to predict the probability of Clene's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Clene's price. Additionally, you may evaluate how the addition of Clene to your portfolios can decrease your overall portfolio volatility.
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Is Clene's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Clene. If investors know Clene will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Clene listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.614 | Earnings Share (0.47) | Revenue Per Share 0.006 | Quarterly Revenue Growth (0.27) | Return On Assets (0.52) |
The market value of Clene Inc is measured differently than its book value, which is the value of Clene that is recorded on the company's balance sheet. Investors also form their own opinion of Clene's value that differs from its market value or its book value, called intrinsic value, which is Clene's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Clene's market value can be influenced by many factors that don't directly affect Clene's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Clene's value and its price as these two are different measures arrived at by different means. Investors typically determine if Clene is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Clene's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.