ClearSign Technologies (NASDAQ:CLIR) Stock Passes Below 200-Day Moving Average – Should You Sell?

ClearSign Technologies Corporation (NASDAQ:CLIR) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.12 and traded as low as $3.52. ClearSign Technologies shares last traded at $3.62, with a volume of 3,845 shares.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of ClearSign Technologies in a research note on Wednesday, June 24th. HC Wainwright lifted their target price on shares of ClearSign Technologies from $2.00 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday, April 14th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $20.00.

ClearSign Technologies Trading Down 0.5%

The business has a 50 day simple moving average of $4.15 and a 200-day simple moving average of $5.12. The stock has a market capitalization of $22.84 million, a price-to-earnings ratio of -3.66 and a beta of 1.37.

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

Hedge Funds Weigh In On ClearSign Technologies

Institutional investors and hedge funds have recently bought and sold shares of the stock. Rockefeller Capital Management L.P. grew its stake in shares of ClearSign Technologies by 801.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 81,209 shares of the technology company’s stock valued at $45,000 after buying an additional 72,200 shares during the period. Northwestern Mutual Wealth Management Co. raised its position 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 worth $40,000 after buying an additional 64,523 shares during the period. Renaissance Technologies LLC raised its position 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 worth $43,000 after buying an additional 36,769 shares during the period. Finally, Americana Partners LLC boosted its holdings in ClearSign Technologies by 83.3% in the fourth quarter. Americana Partners LLC now owns 55,000 shares of the technology company’s stock valued at $31,000 after acquiring an additional 25,000 shares during the last quarter. Institutional investors and hedge funds 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.