ClearSign Technologies Co. to Post FY2024 Earnings of ($0.13) Per Share, HC Wainwright Forecasts (NASDAQ:CLIR)

ClearSign Technologies Co. (NASDAQ:CLIR) – Research analysts at HC Wainwright dropped their FY2024 EPS estimates for shares of ClearSign Technologies in a research report issued on Thursday, August 22nd. HC Wainwright analyst A. Dayal now expects that the technology company will post earnings per share of ($0.13) for the year, down from their prior forecast of ($0.12). HC Wainwright has a “Buy” rating and a $6.00 price target on the stock. The consensus estimate for ClearSign Technologies’ current full-year earnings is ($0.12) per share. HC Wainwright also issued estimates for ClearSign Technologies’ Q4 2024 earnings at ($0.03) EPS, FY2026 earnings at $0.19 EPS and FY2027 earnings at $0.40 EPS.

Separately, StockNews.com began coverage on shares of ClearSign Technologies in a report on Thursday. They set a “sell” rating on the stock.

ClearSign Technologies Price Performance

Shares of CLIR stock opened at $0.81 on Monday. The business’s fifty day moving average price is $0.80 and its 200 day moving average price is $0.88. The firm has a market capitalization of $40.72 million, a PE ratio of -6.76 and a beta of 1.05. ClearSign Technologies has a 1-year low of $0.62 and a 1-year high of $1.72.

ClearSign Technologies (NASDAQ:CLIR) last issued its quarterly earnings results on Wednesday, August 21st. The technology company reported ($0.04) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.04). The business had revenue of $0.05 million for the quarter, compared to analyst estimates of $0.33 million. ClearSign Technologies had a negative net margin of 186.63% and a negative return on equity of 85.65%. During the same period in the previous year, the business posted ($0.04) earnings per share.

Institutional Trading of ClearSign Technologies

A hedge fund recently bought a new stake in ClearSign Technologies stock. Prevail Innovative Wealth Advisors LLC purchased a new position in shares of ClearSign Technologies Co. (NASDAQ:CLIR) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 46,306 shares of the technology company’s stock, valued at approximately $45,000. Prevail Innovative Wealth Advisors LLC owned about 0.10% of ClearSign Technologies at the end of the most recent reporting period. 24.03% of the stock is currently owned by institutional investors.

Insider Activity

In other ClearSign Technologies news, major shareholder Robert Thurston Sr Hoffman, Sr. acquired 3,350,000 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The shares were acquired at an average cost of $0.91 per share, for a total transaction of $3,048,500.00. Following the transaction, the insider now directly owns 9,539,857 shares of the company’s stock, valued at $8,681,269.87. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 16.90% of the company’s stock.

About ClearSign Technologies

ClearSign Technologies Corporation designs and develops products and technologies to enhance emission and operational performance, energy efficiency, emission reduction, safety, and overall cost-effectiveness of industrial and commercial systems in the United States, the People's Republic of China, and Hong Kong.