ClearSign Technologies - CLIR Stock Forecast, Price & News

ClearSign Technologies Corporation designs and develops products and 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 technology provides direct burner replacement for traditional refinery process heaters; and ClearSign Eye Flame Sensor, an electrical flame sensor for industrial applications. The company also provides ClearSign Core Boiler Burner; and ClearSign Core Flaring Burners technologies. It serves energy, institutional, commercial and industrial boiler, chemical, and petrochemical industries. The company was formerly known as ClearSign Combustion Corporation and changed its name ClearSign Technologies Corporation in November 2019. ClearSign Technologies Corporation was incorporated in 2008 and is headquartered in Tulsa, Oklahoma.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of ClearSign Technologies in a research note on Tuesday, August 9th. They issued a "sell" rating on the stock.

ClearSign Technologies Price Performance

NASDAQ:CLIR traded up $0.03 on Friday, hitting $1.15. 21,031 shares of the stock were exchanged, compared to its average volume of 50,898. ClearSign Technologies has a 52-week low of $0.98 and a 52-week high of $3.80. The company has a market capitalization of $43.64 million, a price-to-earnings ratio of -5.00 and a beta of 0.91. The company's 50-day moving average price is $1.16 and its two-hundred day moving average price is $1.25.

ClearSign Technologies (NASDAQ:CLIR - Get Rating) last posted its quarterly earnings data on Thursday, June 2nd. The technology company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.01. During the same quarter in the previous year, the firm earned ($0.07) EPS. Equities analysts predict that ClearSign Technologies will post -0.16 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Robert Thurston Sr Hoffman, Sr. acquired 1,591,594 shares of the stock in a transaction on Friday, July 8th. The shares were purchased at an average cost of $1.11 per share, for a total transaction of $1,766,669.34. Following the transaction, the director now owns 7,583,234 shares in the company, valued at approximately $8,417,389.74. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Bruce Alan Pate purchased 45,000 shares of the stock in a transaction dated Tuesday, June 14th. The shares were acquired at an average cost of $1.12 per share, for a total transaction of $50,400.00. Following the acquisition, the director now directly owns 150,000 shares in the company, valued at approximately $168,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert Thurston Sr Hoffman, Sr. purchased 1,591,594 shares of the stock in a transaction dated Friday, July 8th. The shares were bought at an average price of $1.11 per share, for a total transaction of $1,766,669.34. Following the completion of the acquisition, the director now owns 7,583,234 shares in the company, valued at $8,417,389.74. The disclosure for this purchase can be found here. Corporate insiders own 25.10% of the company's stock.