NASDAQ:CLRO

ClearOne (CLRO) Stock Forecast, Price & News

$1.15

+0.03 (+2.68%)

(As of 06/2/2023 ET)

Compare

Today's Range: $1.04
▼
$1.17
50-Day Range: $1.12
▼
$2.55
52-Week Range: $0.50
▼
$2.65

Volume: 970,564 shs
Average Volume: 3.80 million shs
Market Capitalization: $27.55 million

P/E Ratio: 1.31
Dividend Yield: N/A
Price Target: N/A

ClearOne MarketRank™ Forecast

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Bearish
5.52% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.74
Based on 5 Articles This Week
Insider Trading: Acquiring Shares
$24,756 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.

1.86 out of 5 stars

Computer And Technology Sector

447th out of 609 stocks

Telephone & Telegraph Apparatus Industry

10th out of 12 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for ClearOne.

2.0

Short Interest

Percentage of Shares Shorted
5.52% 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 0.5, 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 156.59%, 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.

3.7

News and Social Media Coverage

News Sentiment
ClearOne has a news sentiment score of 0.74. 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 higher news sentiment than the 0.53 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for ClearOne this week, compared to 1 article on an average week.
Search Interest
26 people have searched for CLRO on MarketBeat in the last 30 days. This is an increase of 225% compared to the previous 30 days.
MarketBeat Follows
8 people have added ClearOne to their MarketBeat watchlist in the last 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 $24,756.00 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 3.59% 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 1.31, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.50.
Price to Earnings Ratio vs. Sector
The P/E ratio of ClearOne is 1.31, 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 322.00.
Price to Book Value per Share Ratio
ClearOne has a P/B Ratio of 0.38. 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. engages in the design, development, and sale of conferencing, collaboration, and network streaming solutions for voice and visual communications. Its products include professional audio conferencing, speakerphones, professional microphones, and video collaboration. The company was founded in 1983 and is headquartered in Salt Lake City, UT.

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CLRO Stock News Headlines

June 2, 2023 | finance.yahoo.com

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

June 2, 2023 | americanbankingnews.com

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

June 3, 2023 | Behind the Markets (Ad)

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June 1, 2023 | finance.yahoo.com

ClearOne Partners with Gateway Group to Lead Expanded Investor Relations Program

May 31, 2023 | americanbankingnews.com

ClearOne, Inc. (NASDAQ:CLRO) Declares $1.00 Dividend

May 17, 2023 | washingtonpost.com

ClearOne: Q1 Earnings Snapshot

May 16, 2023 | finance.yahoo.com

ClearOne, Inc. Reports First Quarter 2023 Financial Results

May 16, 2023 | americanbankingnews.com

ClearOne (NASDAQ:CLRO) Coverage Initiated by Analysts at StockNews.com

June 3, 2023 | Legacy Research (Affiliate) (Ad)

“Amazon Loophole” could hand you $28,544 in “royalty” payouts

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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

May 1, 2023 | americanbankingnews.com

ClearOne, Inc. (NASDAQ:CLRO) Short Interest Down 7.3% in April

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

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

April 22, 2023 | americanbankingnews.com

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

April 19, 2023 | finance.yahoo.com

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

April 15, 2023 | americanbankingnews.com

StockNews.com Initiates Coverage on ClearOne (NASDAQ:CLRO)

April 2, 2023 | americanbankingnews.com

ClearOne (NASDAQ:CLRO) Shares Cross Above 200 Day Moving Average of $1.16

April 1, 2023 | finance.yahoo.com

ClearOne, Inc. Reports Fourth Quarter 2022 Financial Results

January 26, 2023 | finance.yahoo.com

ClearOne announces the appointment of Derek Graham as Permanent CEO

January 18, 2023 | benzinga.com

ClearOne Regains Compliance with Nasdaq's Minimum Bid Price Requirement

January 17, 2023 | finance.yahoo.com

ClearOne Regains Compliance with Nasdaq’s Minimum Bid Price Requirement

January 16, 2023 | finance.yahoo.com

ClearOne Expands its UNITE® PTZ Camera Series with the Introduction of the UNITE 260 Pro

January 16, 2023 | reuters.com

CLRO.C - | Stock Price & Latest News | Reuters

See More Headlines

CLRO Price History

30 days | 90 days | 365 days | Advanced Chart

CLRO Company Calendar

Last Earnings: 3/31/2023
Dividend Payable: 5/31/2023
Ex-Dividend for 5/31 Dividend: 6/01/2023
Today: 6/03/2023
Next Earnings (Estimated): 8/08/2023
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: 126
Year Founded: 1983

Profitability

EPS (Most Recent Fiscal Year): $0.88
Trailing P/E Ratio: 1.31
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $20.56 million
Net Margins: 99.33%
Pretax Margin: 130.95%
Return on Equity: -9.72%
Return on Assets: -8.57%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 12.64
Quick Ratio: 11.22

Sales & Book Value

Annual Sales: $25.20 million
Price / Sales: 1.09
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $3.06 per share
Price / Book: 0.38

Miscellaneous

Outstanding Shares: 23,960,000
Free Float: 23,731,000
Market Cap: $27.55 million
Optionable: Not Optionable
Beta: 0.99

Social Links

Key Executives

Derek Graham
Chief Executive Officer

Narsi Narayanan
Secretary, Chief Financial & Accounting Officer

Jim Mergens
Vice President-America Sales

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 at the beginning of the year. Since then, CLRO stock has decreased by 24.3% and is now trading at $1.15.
View the best growth stocks for 2023 here.
Are investors shorting ClearOne?: ClearOne saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 564,500 shares, an increase of 156.6% from the April 30th total of 220,000 shares. Based on an average daily volume of 1,130,000 shares, the days-to-cover ratio is currently 0.5 days. Currently, 5.5% of the shares of the company 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, August 8th 2023.
View our CLRO earnings forecast.
How were ClearOne's earnings last quarter?: ClearOne, Inc. (NASDAQ:CLRO) announced its earnings results on Friday, March, 31st. The communications equipment provider reported ($0.09) earnings per share for the quarter. The communications equipment provider had revenue of $4.02 million for the quarter. ClearOne had a net margin of 99.33% and a negative trailing twelve-month return on equity of 9.72%.
How often does ClearOne pay dividends? What is the dividend yield for ClearOne?: ClearOne declared a dividend on Monday, May 8th. Investors of record on Monday, May 22nd will be paid a dividend of $1.00 per share on Wednesday, May 31st. The ex-dividend date of this dividend 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 many different institutional and retail investors. Top institutional investors include Renaissance Technologies LLC (1.88%). 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 $1.15.
How much money does ClearOne make?: ClearOne (NASDAQ:CLRO) has a market capitalization of $27.55 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 $0.88 on an earnings per share basis.
How many employees does ClearOne have?: The company employs 126 workers across the globe.
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 6/3/2023 by MarketBeat.com Staff

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