ClearSign Technologies (NASDAQ:CLIR) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

ClearSign Technologies Corporation (NASDAQ:CLIR)’s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $5.83 and traded as low as $4.38. ClearSign Technologies shares last traded at $4.38, with a volume of 11,034 shares.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CLIR. HC Wainwright lifted their price target on shares of ClearSign Technologies from $2.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, April 14th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ClearSign Technologies in a report on Friday, March 27th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $20.00.

ClearSign Technologies Trading Down 7.9%

The company’s 50-day moving average is $4.94 and its 200-day moving average is $5.78. The firm has a market cap of $21.32 million, a price-to-earnings ratio of -3.98 and a beta of 1.34.

ClearSign Technologies (NASDAQ:CLIR) last released its earnings results on Friday, May 15th. The technology company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.29) by ($0.10). ClearSign Technologies had a negative return on equity of 61.24% and a negative net margin of 111.66%.The business had revenue of $0.19 million for the quarter, compared to the consensus estimate of $1.27 million. Equities research analysts forecast that ClearSign Technologies Corporation will post -0.99 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Americana Partners LLC grew its holdings in shares of ClearSign Technologies by 83.3% during the 4th quarter. Americana Partners LLC now owns 55,000 shares of the technology company’s stock valued at $31,000 after purchasing an additional 25,000 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of ClearSign Technologies by 895.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 71,730 shares of the technology company’s stock worth $40,000 after buying an additional 64,523 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of ClearSign Technologies by 89.6% during the fourth quarter. Renaissance Technologies LLC now owns 77,800 shares of the technology company’s stock worth $43,000 after buying an additional 36,769 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its stake in shares of ClearSign Technologies by 801.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 81,209 shares of the technology company’s stock valued at $45,000 after acquiring an additional 72,200 shares during the last quarter. Institutional investors own 24.03% of the company’s stock.

ClearSign Technologies Company Profile

ClearSign Technologies Corporation is a clean energy technology company specializing in advanced combustion solutions that significantly reduce emissions of nitrogen oxides (NOx), carbon monoxide (CO), and greenhouse gases from industrial and power generation sources. Established in 2010 and based in Santa Rosa, California, ClearSign has developed proprietary burner and sensing platforms designed to enhance fuel efficiency and environmental performance for gas turbines, furnaces, boilers, and incineration units.

The company’s core offerings center around two technology platforms: the XCL™ ultra-low NOx combustion system and the SGM™ (Syngas & Gas Measurement) sensor suite.