ClearSign Technologies (NASDAQ:CLIR) Stock Crosses Above 50-Day Moving Average – What’s Next?

ClearSign Technologies Corporation (NASDAQ:CLIR)’s share price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $5.14 and traded as high as $5.50. ClearSign Technologies shares last traded at $5.16, with a volume of 15,246 shares changing hands.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of ClearSign Technologies in a report on Friday, March 27th. HC Wainwright lifted their target price on shares of ClearSign Technologies from $2.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, April 14th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $20.00.

ClearSign Technologies Stock Performance

The company has a market cap of $27.92 million, a PE ratio of -4.30 and a beta of 1.27. The company’s 50-day simple moving average is $5.14 and its 200 day simple moving average is $6.67.

ClearSign Technologies (NASDAQ:CLIR) last issued its quarterly earnings results on Tuesday, March 31st. The technology company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.30) by $0.21. ClearSign Technologies had a negative net margin of 105.01% and a negative return on equity of 53.54%. The company had revenue of $3.67 million during the quarter, compared to analysts’ expectations of $2.43 million. Analysts forecast that ClearSign Technologies Corporation will post -1.06 EPS for the current year.

Hedge Funds Weigh In On ClearSign Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Americana Partners LLC boosted its position in ClearSign Technologies by 83.3% in the 4th quarter. Americana Partners LLC now owns 55,000 shares of the technology company’s stock valued at $31,000 after buying an additional 25,000 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in shares of ClearSign Technologies by 895.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 71,730 shares of the technology company’s stock valued at $40,000 after purchasing an additional 64,523 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of ClearSign Technologies by 89.6% in the 4th quarter. Renaissance Technologies LLC now owns 77,800 shares of the technology company’s stock valued at $43,000 after purchasing an additional 36,769 shares in the last quarter. Finally, Rockefeller Capital Management L.P. raised its holdings 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 purchasing an additional 72,200 shares in the last quarter. Hedge funds and other 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.