Should I buy or sell Clene stock right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Clene in the last twelve months. There are currently 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CLNN shares. View CLNN analyst ratings or view top-rated stocks .

What is Clene's stock price target for 2024?

6 analysts have issued 1 year price targets for Clene's stock. Their CLNN share price targets range from $4.00 to $13.00. On average, they predict the company's stock price to reach $7.80 in the next twelve months. This suggests a possible upside of 1,818.3% from the stock's current price. View analysts price targets for CLNN or view top-rated stocks among Wall Street analysts .

How have CLNN shares performed in 2023?

Clene's stock was trading at $1.00 at the beginning of 2023. Since then, CLNN stock has decreased by 59.3% and is now trading at $0.4066. View the best growth stocks for 2023 here .

When is Clene's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, March 11th 2024. View our CLNN earnings forecast .

How were Clene's earnings last quarter?

Clene Inc. (NASDAQ:CLNN) announced its quarterly earnings results on Tuesday, November, 7th. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.08. The company had revenue of $0.11 million for the quarter, compared to analyst estimates of $0.14 million. Clene had a negative trailing twelve-month return on equity of 322.31% and a negative net margin of 5,624.65%.

Who are Clene's major shareholders?

Clene's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include AIGH Capital Management LLC (4.52%), Vivo Capital LLC (2.06%), Worth Venture Partners LLC (1.09%), Silverarc Capital Management LLC (0.39%), AE Wealth Management LLC (0.13%) and Kepos Capital LP (0.10%). Insiders that own company stock include Alison Mosca, David J Matlin, David J Matlin , General Resonance Llc, John Henry Stevens, Jonathon Gay, Robert Dee Etherington and Robert Glanzman. View institutional ownership trends .

How do I buy shares of Clene?

Shares of CLNN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

Clene Stock Price, News & Analysis (NASDAQ:CLNN)

$0.41

+0.01 (+2.52%)

(As of 12/7/2023 ET)

Compare

Today's Range: $0.40
▼
$0.42
50-Day Range: $0.38
▼
$0.54
52-Week Range: $0.36
▼
$1.99

Volume: 315,499 shs
Average Volume: 580,275 shs
Market Capitalization: $52.21 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $7.80

Clene MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 1,818.3% Upside
$7.80 Price Target
Short Interest: Healthy
0.45% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: Acquiring Shares
$102,501 Bought Last Quarter
Proj. Earnings Growth: Decreasing
From ($0.28) to ($0.34) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.15 out of 5 stars

Medical Sector

379th out of 960 stocks

Pharmaceutical Preparations Industry

126th out of 381 stocks

3.5

Analyst's Opinion

Consensus Rating
Clene has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 6 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $7.80, Clene has a forecasted upside of 1,818.3% from its current price of $0.41.
Amount of Analyst Coverage
Clene has only been the subject of 1 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
0.45% of the outstanding shares of Clene have been sold short.
Short Interest Ratio / Days to Cover
Clene has a short interest ratio ("days to cover") of 1.4, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Clene has recently decreased by 15.36%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Clene does not currently pay a dividend.
Dividend Growth
Clene does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CLNN.

0.6

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 1 news article for Clene this week, compared to 1 article on an average week.
Search Interest
Only 16 people have searched for CLNN on MarketBeat in the last 30 days. This is a decrease of -6% compared to the previous 30 days.
MarketBeat Follows
12 people have added Clene to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Clene insiders have bought more of their company's stock than they have sold. Specifically, they have bought $102,501.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
26.60% of the stock of Clene is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 3.87% of the stock of Clene is held by institutions.

0.0

Earnings and Valuation

Earnings Growth
Earnings for Clene are expected to decrease in the coming year, from ($0.28) to ($0.34) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Clene is -0.88, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Clene is -0.88, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Clene has a P/B Ratio of 10.17. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Clene Stock (NASDAQ:CLNN)

Clene Inc., a clinical-stage pharmaceutical company, focuses on the discovery, development, and commercialization of novel clean-surfaced nanotechnology (CSN) therapeutics. Its lead drug is CNM-Au8, which is being studied in various clinical trials, including a Phase 2/3 registrational clinical trial for patients with amyotrophic lateral sclerosis (ALS); completed Phase 2 proof of concept clinical trial in patients with early symptomatic ALS; completed two open-label investigator blinded Phase 2 clinical trials on the brain's energy metabolites; completed Phase 2 clinical trial for the treatment of visual pathway deficits in chronic optic neuropathy for remyelination in stable relapsing Multiple Sclerosis; and a second Phase 2 clinical trial for the treatment of patients with Parkinson's Diseases. The company's products also include CNM-AgZn17, a gel polymer suspension of silver and zinc ions that is being developed for the treatment of infectious diseases and to support wound healing; and CNM-ZnAg, a broad-spectrum antiviral and antibacterial agent to treat infection disease, such as COVID-19 and to provide immune support for symptom resolution. It also markets and distributes dietary supplements comprising rMetx, an aqueous zinc-silver ion dietary supplement; and KHC46, an aqueous gold dietary supplement of very low-concentration Au nanoparticles. The company is headquartered in Salt Lake City, Utah.

CLNN Stock Price History

30 days | 90 days | 365 days | Advanced Chart

CLNN Stock News Headlines

December 8, 2023 | americanbankingnews.com

Clene Inc. (NASDAQ:CLNN) Given Average Recommendation of "Buy" by Analysts

November 23, 2023 | finance.yahoo.com

Clene Capitalizing on Promising Chemical and Therapeutic Properties of Nanocrystals

December 8, 2023 | Edge On The Street (Ad)

Hunting for Domestic Vanadium - The U.S. Govt. Did WHAT?

A little-known metal called vanadium is vital to American national security and energy independence. But right now, China and Russia dominate our supply. The U.S. Govt. is so serious about vanadium, it funded and recently completed an "Earth MRI" survey to seek out new sources of this energy metal - in Wyoming.

November 15, 2023 | finance.yahoo.com

Insider Spends US$103k Buying More Shares In Clene

November 9, 2023 | finance.yahoo.com

Clene Announces Q3 2023 Financial Results, Operating Highlights

November 9, 2023 | markets.businessinsider.com

Benchmark Co. Keeps Their Buy Rating on Clene (CLNN)

November 7, 2023 | msn.com

Clene GAAP EPS of -$0.02, revenue of $0.11M

November 7, 2023 | finance.yahoo.com

Clene Reports Third Quarter 2023 Financial Results and Operating Highlights

December 8, 2023 | Edge On The Street (Ad)

The Battery Metal Nobody Told You About

According to McKinsey and Company, the battery storage market is growing rapidly, especially with the transition to clean, renewable energy. Lithium-ion batteries still grab most of the headlines. But analysts now call safe and long-lasting batteries made with vanadium "the future of battery tech."

November 7, 2023 | finance.yahoo.com

Clene Inc (CLNN) Reports Q3 2023 Financial Results: Significant Survival Benefits and $45.

November 7, 2023 | finance.yahoo.com

Clene Inc (CLNN) Reports Q3 2023 Financial Results: Significant Survival Benefits and $45. ...

October 31, 2023 | finance.yahoo.com

Clene Reports Improved Survival Status in ALS Patients Treated with CNM-Au8(R) on Follow-Up Analysis

October 26, 2023 | finance.yahoo.com

Clene Inc. (CLNN) Interactive Stock Chart - Yahoo Finance

October 26, 2023 | finance.yahoo.com

Clene Announces Four-Year Grant to Support Expanded Access Protocol for CNM-Au8 From NINDS

October 19, 2023 | finance.yahoo.com

Clene 'Innovates' Investigational Drug With Patented Nanotechnology

October 17, 2023 | finance.yahoo.com

Clene Applies Patented Nanotechnology to Development of CNM-Au8(R), Its Investigational Drug for ALS

October 11, 2023 | finance.yahoo.com

Clene CEO Featured in Latest Episode of The Bell2Bell Podcast

October 7, 2023 | markets.businessinsider.com

Promising Potential of Clene’s CNM-Au8 in Neurological Treatment Boosts Stock Buy Rating

October 6, 2023 | msn.com

Clene (CLNN) Price Target Increased by 6.29% to 6.32

October 5, 2023 | markets.businessinsider.com

Promising Future for Clene’s Stock: NIH Grant and Encouraging Clinical Results Boost Confidence

October 5, 2023 | finance.yahoo.com

National Institutes of Health Awards $45.1 Million NINDS Grant for CNM-Au8® Study in ALS

September 29, 2023 | finance.yahoo.com

Clene Investigational Drug Focus of Study Published in Peer-Reviewed Journal

September 29, 2023 | finance.yahoo.com

Clene Inc. Is 'One to Watch'

September 29, 2023 | theglobeandmail.com

Clene (NASDAQ: CLNN) Investigational Drug Focus of Study Published in Peer-Reviewed Journal

September 28, 2023 | stockhouse.com

Clene Announces Peer-Reviewed Publication Describing CNM-Au8 Catalytic Neuroprotective Mechanism of Action

September 28, 2023 | finance.yahoo.com

Clene Announces Peer-Reviewed Publication Describing CNM-Au8 Catalytic Neuroprotective Mechanism of Action

September 27, 2023 | finance.yahoo.com

Clene Releases Significant Long-Term Survival Improvement Data from ALS Trial

See More Headlines

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Company Calendar

Last Earnings: 11/07/2023
Today: 12/07/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 3/11/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Pharmaceutical preparations
Sub-Industry: N/A
Sector: Medical
Current Symbol: NASDAQ:CLNN
CUSIP: N/A
CIK: 1822791
Web: clene.com
Phone: 801-676-9695
Fax: N/A
Employees: 75
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $7.80
High Stock Price Target: $13.00
Low Stock Price Target: $4.00
Potential Upside/Downside: +1,818.3%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.46)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-29,920,000.00
Net Margins: -5,624.65%
Pretax Margin: -5,624.65%
Return on Equity: -322.31%
Return on Assets: -67.52%

Debt

Debt-to-Equity Ratio: 0.78
Current Ratio: 3.04
Quick Ratio: 3.04

Sales & Book Value

Annual Sales: $718,000.00
Price / Sales: 72.72
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $0.04 per share
Price / Book: 10.17

Miscellaneous

Outstanding Shares: 128,416,000
Free Float: 94,257,000
Market Cap: $52.21 million
Optionable: Not Optionable
Beta: 0.53

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Key Executives

Mr. Robert Etherington MBA (Age 56)
CEO, President & Director
Comp: $590.98k
Mr. Morgan R. Brown CPA (Age 55)
M.B.A., Chief Financial Officer
Comp: $374.05k
Mr. Mark G. Mortenson ESQ. (Age 65)
Chief Science Officer
Comp: $482.98k
Mr. Jerry Miraglia J.D.
General Counsel & Corporate Secretary
Mr. Michael T. Hotchkin
Chief Development Officer
Ms. Mary Anne Mcneil
Head of Human Resources
Dr. Benjamin M. Greenberg M.D.
M.H.S., Head of Medical

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CLNN Stock Analysis - Frequently Asked Questions

Should I buy or sell Clene stock right now?: 6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Clene in the last twelve months. There are currently 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CLNN shares.
View CLNN analyst ratings or view top-rated stocks.
What is Clene's stock price target for 2024?: 6 analysts have issued 1 year price targets for Clene's stock. Their CLNN share price targets range from $4.00 to $13.00. On average, they predict the company's stock price to reach $7.80 in the next twelve months. This suggests a possible upside of 1,818.3% from the stock's current price.
View analysts price targets for CLNN or view top-rated stocks among Wall Street analysts.
How have CLNN shares performed in 2023?: Clene's stock was trading at $1.00 at the beginning of 2023. Since then, CLNN stock has decreased by 59.3% and is now trading at $0.4066.
View the best growth stocks for 2023 here.
When is Clene's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, March 11th 2024.
View our CLNN earnings forecast.

How were Clene's earnings last quarter?: Clene Inc. (NASDAQ:CLNN) announced its quarterly earnings results on Tuesday, November, 7th. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.08. The company had revenue of $0.11 million for the quarter, compared to analyst estimates of $0.14 million. Clene had a negative trailing twelve-month return on equity of 322.31% and a negative net margin of 5,624.65%.
Who are Clene's major shareholders?: Clene's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include AIGH Capital Management LLC (4.52%), Vivo Capital LLC (2.06%), Worth Venture Partners LLC (1.09%), Silverarc Capital Management LLC (0.39%), AE Wealth Management LLC (0.13%) and Kepos Capital LP (0.10%). Insiders that own company stock include Alison Mosca, David J Matlin, David J Matlin, General Resonance Llc, John Henry Stevens, Jonathon Gay, Robert Dee Etherington and Robert Glanzman.
View institutional ownership trends.
How do I buy shares of Clene?: Shares of CLNN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NASDAQ:CLNN) was last updated on 12/8/2023 by MarketBeat.com Staff

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Clene Stock Price, News & Analysis (NASDAQ:CLNN)

Clene MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Clene Stock (NASDAQ:CLNN)

CLNN Stock Price History

CLNN Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

CLNN Stock Analysis - Frequently Asked Questions

Overall MarketRank^™