Clene Research Development vs Total Other Income Expense Net Analysis
| CLNN Stock | USD 0.35 0.01 2.94% |
Clene financial indicator trend analysis is way more than just evaluating Clene Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Clene Inc is a good investment. Please check the relationship between Clene Research Development and its Total Other Income Expense Net accounts. 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.
Research Development vs Total Other Income Expense Net
Research Development vs Total Other Income Expense Net Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Clene Inc Research Development account and Total Other Income Expense Net. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Clene's Research Development and Total Other Income Expense Net is 0.46. Overlapping area represents the amount of variation of Research Development that can explain the historical movement of Total Other Income Expense Net in the same time period over historical financial statements of Clene Inc, assuming nothing else is changed. The correlation between historical values of Clene's Research Development and Total Other Income Expense Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Research Development of Clene Inc are associated (or correlated) with its Total Other Income Expense Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Other Income Expense Net has no effect on the direction of Research Development i.e., Clene's Research Development and Total Other Income Expense Net go up and down completely randomly.
Correlation Coefficient | 0.46 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Research Development
Total Other Income Expense Net
Most indicators from Clene's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Clene Inc current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. 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. Clene reported last year Tax Provision of (215,000). As of the 1st of May 2024, Selling General Administrative is likely to grow to about 13.4 M, while Enterprise Value Over EBITDA is likely to drop (0.93).
| 2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 45.7M | 45.8M | 39.4M | 36.0M | Cost Of Revenue | 289K | 26K | 1.8M | 1.9M |
Clene fundamental ratios Correlations
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Clene Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Clene fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Other Current Liab | 2.9M | 10.0M | 3.6M | 3.9M | 3.7M | 4.4M | |
| Total Current Liabilities | 4.3M | 11.7M | 6.0M | 13.9M | 25.3M | 26.6M | |
| Net Tangible Assets | (67.8M) | 341K | 12.6M | 3.2M | 3.7M | 3.9M | |
| Retained Earnings | (69.6M) | (153.6M) | (163.3M) | (193.2M) | (242.7M) | (230.6M) | |
| Accounts Payable | 889K | 1.1M | 1.9M | 3.0M | 1.5M | 1.8M | |
| Other Stockholder Equity | (70.9M) | 85.3M | 175.7M | 196.2M | 255.9M | 268.7M | |
| Total Current Assets | 9.5M | 63.0M | 54.6M | 29.2M | 38.9M | 38.9M | |
| Property Plant Equipment | 5.4M | 5.3M | 5.2M | 15.2M | 17.5M | 18.4M |
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 Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
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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.