NASDAQ:CLRO

ClearOne (CLRO) Stock Forecast, Price & News

$0.77

-0.01 (-1.28%)

(As of 09/27/2023 ET)

Compare

Today's Range: $0.76
▼
$0.78
50-Day Range: $0.75
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$0.90
52-Week Range: $0.50
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$2.65

Volume: 33,912 shs
Average Volume: 495,568 shs
Market Capitalization: $18.45 million

P/E Ratio: 0.91
Dividend Yield: N/A
Price Target: N/A

ClearOne MarketRank™ Forecast

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
1.46% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.33
Based on 4 Articles This Week
Insider Trading: Acquiring Shares
$46,422 Bought Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

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

1.71 out of 5 stars

Computer And Technology Sector

516th out of 604 stocks

Telephone & Telegraph Apparatus Industry

11th out of 11 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for ClearOne.

3.0

Short Interest

Percentage of Shares Shorted
1.46% of the float of ClearOne has been sold short.
Short Interest Ratio / Days to Cover
ClearOne has a short interest ratio ("days to cover") of 2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in ClearOne has recently increased by 12.37%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
ClearOne does not currently pay a dividend.
Dividend Growth
ClearOne 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 CLRO.

1.8

News and Social Media Coverage

News Sentiment
ClearOne has a news sentiment score of 0.33. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.72 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for ClearOne this week, compared to 0 articles on an average week.
MarketBeat Follows
Only 1 people have added ClearOne to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, ClearOne insiders have bought more of their company's stock than they have sold. Specifically, they have bought $46,422.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 0.94% of the stock of ClearOne is held by insiders.
Percentage Held by Institutions
Only 7.28% of the stock of ClearOne is held by institutions.

1.9

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of ClearOne is 0.91, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 119.95.
Price to Earnings Ratio vs. Sector
The P/E ratio of ClearOne is 0.91, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 265.21.
Price to Book Value per Share Ratio
ClearOne has a P/B Ratio of 0.25. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About ClearOne (NASDAQ:CLRO) Stock

ClearOne, Inc., together with its subsidiaries, designs, develops, and sells conferencing, collaboration, and network streaming solutions for voice and visual communications in the United States and internationally. The company offers a range of audio conferencing products, including professional audio conferencing and sound-reinforcement products for use in enterprise, healthcare, education and distance learning, government, legal, and finance organizations; mid-tier premium conferencing products for smaller rooms, and small and medium businesses, which interface with video and Web conferencing systems; USB-based personal and group speakerphones that could be used with PCs, laptops, tablets, smartphones, and other portable devices; and traditional tabletop conferencing phones used in conference rooms and offices. It also provides professional microphones consisting of beamforming microphones, ceiling microphones, and wireless microphones. In addition, the company offers video products, such as video conferencing and collaboration solutions; professional-grade cameras; and AV networking, which deliver the IP A/V experience by streaming time sensitive high definition audio and video, and control over TCP/IP networks. It sells its commercial products to a network of independent professional audiovisual, information technology, and telecommunications distributors, as well as systems integrators, dealers, value-added resellers, and end-users. The company was incorporated in 1983 and is headquartered in Salt Lake City, Utah.

CLRO Price History

30 days | 90 days | 365 days | Advanced Chart

CLRO Stock News Headlines

September 25, 2023 | finance.yahoo.com

ClearOne to Present at the LD Micro Main Event XVI Conference on October 4, 2023 at 8:30 a.m. PT

September 24, 2023 | americanbankingnews.com

ClearOne (NASDAQ:CLRO) Now Covered by StockNews.com

September 27, 2023 | Chaikin Analytics (Ad)

This Stock Could Go Up 66% or More.

Marc Chaikin built the system that isolated NVDA before it became the best-performing stock of 2023. Click here to get his latest buy. More here.

September 14, 2023 | finance.yahoo.com

10% Owner Edward Bagley Buys 25,703 Shares of ClearOne Inc

September 7, 2023 | finance.yahoo.com

ClearOne to Present at the H.C. Wainwright 25th Annual Global Investment Conference on September 11, 2023 at 8:30 a.m. ET

August 31, 2023 | stocknews.com

3 Tech Stocks Showing Value End of August

August 18, 2023 | proactiveinvestors.com

ClearOne sees 31% increase quarter over quarter as company releases Q2 numbers

August 10, 2023 | finance.yahoo.com

ClearOne, Inc. Reports Second Quarter 2023 Financial Results

September 27, 2023 | Chaikin Analytics (Ad)

This Stock Could Go Up 66% or More.

Marc Chaikin built the system that isolated NVDA before it became the best-performing stock of 2023. Click here to get his latest buy. More here.

August 10, 2023 | sfgate.com

ClearOne: Q2 Earnings Snapshot

July 27, 2023 | money.usnews.com

ClearOne Inc

July 12, 2023 | stocknews.com

Invest in These 3 Compelling Tech Stocks Today

June 14, 2023 | finance.yahoo.com

ClearOne Debuts DIALOG® UVHF Wireless Microphone System with 160 MHz Range and Power over Ethernet at InfoComm 2023

June 13, 2023 | finance.yahoo.com

ClearOne Launches Powerful New Dante®-Compatible BMA 360D Beamforming Microphone Array Ceiling Tile at InfoComm 2023

June 12, 2023 | finance.yahoo.com

ClearOne to Present at the Emerging Growth Conference on June 14, 2023 at 1:10 p.m. ET

June 2, 2023 | finance.yahoo.com

ClearOne to Demonstrate Full Range of Conferencing, Collaboration, Communications Solutions at InfoComm 2023

June 1, 2023 | finance.yahoo.com

ClearOne Partners with Gateway Group to Lead Expanded Investor Relations Program

May 17, 2023 | washingtonpost.com

ClearOne: Q1 Earnings Snapshot

May 16, 2023 | finance.yahoo.com

ClearOne, Inc. Reports First Quarter 2023 Financial Results

May 12, 2023 | marketwatch.com

8-K: CLEARONE INC

May 11, 2023 | finance.yahoo.com

ClearOne Clarified Ex-Dividend Date for Special One-time Cash Dividend

May 10, 2023 | marketwatch.com

ClearOne Shares Rise 61% After Special Cash Dividend of $1 a Share

May 10, 2023 | seekingalpha.com

ClearOne declares $1.00 special dividend

May 10, 2023 | msn.com

Why ClearOne Stock Is Soaring

May 8, 2023 | finance.yahoo.com

ClearOne Announces a Special One-time Cash Dividend

April 24, 2023 | uk.finance.yahoo.com

ClearOne, Inc. (CLRO) stock historical prices & data – Yahoo Finance

April 19, 2023 | finance.yahoo.com

There's Reason For Concern Over ClearOne, Inc.'s (NASDAQ:CLRO) Price

See More Headlines

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CLRO Company Calendar

Last Earnings: 8/10/2023
Today: 9/27/2023
Next Earnings (Estimated): 11/21/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Telephone & telegraph apparatus
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NASDAQ:CLRO
CUSIP: N/A
CIK: 840715
Web: www.clearone.com
Phone: (801) 975-7200
Fax: 801-303-5711
Employees: 82
Year Founded: 1983

Profitability

EPS (Most Recent Fiscal Year): $0.85
Trailing P/E Ratio: 0.90
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $20.56 million
Net Margins: 104.93%
Pretax Margin: 139.50%
Return on Equity: -9.68%
Return on Assets: -8.50%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 6.81
Quick Ratio: 5.64

Sales & Book Value

Annual Sales: $25.20 million
Price / Sales: 0.73
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $3.09 per share
Price / Book: 0.25

Miscellaneous

Outstanding Shares: 23,960,000
Free Float: 23,734,000
Market Cap: $18.41 million
Optionable: Not Optionable
Beta: 0.95

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Key Executives

Mr. Derek L. Graham (Age 54)
Chief Exec. Officer
Comp: $221.62k

Mr. Narsi Narayanan (Age 53)
CFO & Corp. Sec.
Comp: $230k

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CLRO Stock - Frequently Asked Questions

How have CLRO shares performed in 2023?: ClearOne's stock was trading at $1.52 on January 1st, 2023. Since then, CLRO stock has decreased by 49.4% and is now trading at $0.7685.
View the best growth stocks for 2023 here.
Are investors shorting ClearOne?: ClearOne saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 145,300 shares, an increase of 12.4% from the August 31st total of 129,300 shares. Based on an average daily volume of 73,800 shares, the days-to-cover ratio is presently 2.0 days. Approximately 1.5% of the company's shares are sold short.
View ClearOne's Short Interest.
When is ClearOne's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 21st 2023.
View our CLRO earnings forecast.
How were ClearOne's earnings last quarter?: ClearOne, Inc. (NASDAQ:CLRO) released its quarterly earnings results on Thursday, August, 10th. The communications equipment provider reported ($0.04) earnings per share for the quarter. The communications equipment provider earned $5.48 million during the quarter. ClearOne had a negative trailing twelve-month return on equity of 9.68% and a net margin of 104.93%.
How often does ClearOne pay dividends? What is the dividend yield for ClearOne?: ClearOne declared a dividend on Monday, May 8th. Stockholders of record on Monday, May 22nd will be given a dividend of $1.00 per share on Wednesday, May 31st. The ex-dividend date is Thursday, June 1st.
Read our dividend analysis for CLRO.
What is Zee Hakimoglu's approval rating as ClearOne's CEO?: 172 employees have rated ClearOne Chief Executive Officer Zee Hakimoglu on Glassdoor.com. Zee Hakimoglu has an approval rating of 81% among the company's employees. 79.0% of employees surveyed would recommend working at ClearOne to a friend.

What other stocks do shareholders of ClearOne own?: Based on aggregate information from My MarketBeat watchlists, some companies that other ClearOne investors own include Co-Diagnostics (CODX), iBio (IBIO), Inpixon (INPX), Kopin (KOPN), Novavax (NVAX), Sierra Oncology (SRRA), AT&T (T), AbbVie (ABBV), Achieve Life Sciences (ACHV) and Aethlon Medical (AEMD).
What is ClearOne's stock symbol?: ClearOne trades on the NASDAQ under the ticker symbol "CLRO."
Who are ClearOne's major shareholders?: ClearOne's stock is owned by a number of institutional and retail investors. Top institutional investors include Renaissance Technologies LLC (3.50%), Marshall Wace LLP (0.27%), Virtu Financial LLC (0.26%), State Street Corp (0.16%) and BlackRock Inc. (0.14%). Insiders that own company stock include Bruce Whaley, Clearone, Inc, Derek Graham, Edward D Bagley, Edward D Bagley, Larry Hendricks, Lisa Higley, Narasimhan Narayanan and Zeynep Hakimoglu.
View institutional ownership trends.
How do I buy shares of ClearOne?: Shares of CLRO 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.
What is ClearOne's stock price today?: One share of CLRO stock can currently be purchased for approximately $0.77.
How much money does ClearOne make?: ClearOne (NASDAQ:CLRO) has a market capitalization of $18.41 million and generates $25.20 million in revenue each year. The communications equipment provider earns $20.56 million in net income (profit) each year or $0.85 on an earnings per share basis.
How can I contact ClearOne?: ClearOne's mailing address is 5225 WILEY POST WAY SUITE 500, SALT LAKE CITY UT, 84116. The official website for the company is www.clearone.com. The communications equipment provider can be reached via phone at (801) 975-7200, via email at investor_relations@clearone.com, or via fax at 801-303-5711.

This page (NASDAQ:CLRO) was last updated on 9/27/2023 by MarketBeat.com Staff

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