ClearSign Technologies (NASDAQ:CLIR)‘s stock had its “buy” rating reiterated by research analysts at HC Wainwright in a research note issued on Friday, AnalystRatings.com reports. They presently have a $4.00 price target on the technology company’s stock. HC Wainwright’s price target would suggest a potential upside of 72.41% from the company’s previous close.

Separately, ValuEngine raised shares of ClearSign Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, October 27th.

Shares of NASDAQ:CLIR opened at $2.32 on Friday. The company’s fifty day moving average price is $2.45 and its 200-day moving average price is $1.96. The firm has a market capitalization of $69.70 million, a price-to-earnings ratio of -8.92 and a beta of 1.02. ClearSign Technologies has a one year low of $0.35 and a one year high of $4.11. The company has a debt-to-equity ratio of 0.02, a current ratio of 7.04 and a quick ratio of 5.21.

ClearSign Technologies (NASDAQ:CLIR) last issued its quarterly earnings results on Thursday, November 19th. The technology company reported ($0.06) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.01). As a group, equities research analysts expect that ClearSign Technologies will post -0.23 EPS for the current year.

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of ClearSign Technologies by 22.1% in the 3rd quarter. BlackRock Inc. now owns 206,233 shares of the technology company’s stock valued at $466,000 after purchasing an additional 37,289 shares in the last quarter. Morgan Stanley boosted its position in ClearSign Technologies by 871.1% during the 3rd quarter. Morgan Stanley now owns 55,740 shares of the technology company’s stock valued at $126,000 after buying an additional 50,000 shares during the period. Baird Financial Group Inc. boosted its position in ClearSign Technologies by 38.5% during the 2nd quarter. Baird Financial Group Inc. now owns 54,000 shares of the technology company’s stock valued at $41,000 after buying an additional 15,000 shares during the period. Two Sigma Securities LLC purchased a new stake in ClearSign Technologies during the 2nd quarter valued at $90,000. Finally, Blue Chip Wealth Management Inc. purchased a new stake in ClearSign Technologies during the 2nd quarter valued at $52,000. 7.67% of the stock is owned by institutional investors.

About ClearSign Technologies

ClearSign Technologies Corporation designs and develops products and technologies to enhance operational performance, energy efficiency, emission reduction, safety, and overall cost-effectiveness of industrial and commercial systems in the United States. Its Duplex Plug & Play technology provides a direct burner replacement solution for traditional refinery heaters.

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