Clene Inc Stock Price on July 9, 2024
| CLNNW Stock | USD 0.04 0.01 18.53% |
Below is the normalized historical share price chart for Clene Inc extending back to August 27, 2018. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Clene stands at 0.04, as last reported on the 30th of November, with the highest price reaching 0.04 and the lowest price hitting 0.04 during the day.
If you're considering investing in Clene Stock, it is important to understand the factors that can impact its price. Clene is out of control given 3 months investment horizon. Clene Inc secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14% return per unit of standard deviation over the last 3 months. We were able to interpolate thirty different technical indicators, which can help you to evaluate if expected returns of 3.89% are justified by taking the suggested risk. Use Clene risk adjusted performance of 0.1253, and Mean Deviation of 20.0 to evaluate company specific risk that cannot be diversified away.
At this time, Clene's Total Stockholder Equity is fairly stable compared to the past year. Liabilities And Stockholders Equity is likely to climb to about 53.5 M in 2024, whereas Common Stock is likely to drop slightly above 12.3 K in 2024. . Price To Sales Ratio is likely to drop to 45.20 in 2024. Price Earnings Ratio is likely to drop to -0.66 in 2024. Clene Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 31st of December 2020 | Beta 0.415 |
Clene |
Sharpe Ratio = 0.1412
| Best Portfolio | Best Equity | CLNNW | ||
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Estimated Market Risk
| 27.52 actual daily | 96 96% of assets are less volatile |
Expected Return
| 3.89 actual daily | 77 77% of assets have lower returns |
Risk-Adjusted Return
| 0.14 actual daily | 11 89% of assets perform better |
Based on monthly moving average Clene is performing at about 11% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Clene by adding it to a well-diversified portfolio.
Book Value 2.085 | Shares Float 3.8 M | Market Capitalization 647 M | Shares Short Prior Month 3.6 K | Shares Short 5.2 K |
Clene Valuation on July 9, 2024
It is possible to determine the worth of Clene on a given historical date. On July 9, 2024 Clene was worth 0.03 at the beginning of the trading date compared to the closed value of 0.0304. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Clene stock. Still, in general, we apply an absolute valuation method to find Clene's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Clene where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Clene's related companies.
| Open | High | Low | Close | Volume | |
| 0.03 | 0.04 | 0.03 | 0.04 | 18,881 | |
07/09/2024 | 0.03 | 0.03 | 0.02 | 0.03 | 100,814 |
| 0.02 | 0.02 | 0.02 | 0.02 | 4,774 |
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Clene Trading Date Momentum on July 9, 2024
| On July 10 2024 Clene Inc was traded for 0.02 at the closing time. The highest daily price throughout the period was 0.02 and the lowest price was 0.02 . The daily volume was 4.8 K. The net trading volume on 07/10/2024 added to the next day price reduction. The overall trading delta to closing price of the next trading day was 22.70% . The overall trading delta to current closing price is 1.32% . |
Clene Inc Fundamentals Correlations and Trends
By evaluating Clene's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Clene's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Clene financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Clene Stock history
Clene investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Clene is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Clene Inc will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Clene stock prices may prove useful in developing a viable investing in Clene
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 5.2 M | 5.2 M | |
| Net Loss | -26.9 M | -28.3 M |
Clene Stock Technical Analysis
Clene technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Clene Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Clene Inc cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Clene November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Clene stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Clene shares will generate the highest return on investment. By undertsting and applying Clene stock market strength indicators, traders can identify Clene Inc entry and exit signals to maximize returns
Clene Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Clene's price direction in advance. Along with the technical and fundamental analysis of Clene Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Clene to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1253 | |||
| Jensen Alpha | 4.37 | |||
| Total Risk Alpha | (0.43) | |||
| Sortino Ratio | 0.1608 | |||
| Treynor Ratio | (1.33) |
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Additional Tools for Clene Stock Analysis
When running Clene's price analysis, check to measure Clene's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Clene is operating at the current time. Most of Clene's value examination focuses on studying past and present price action to predict the probability of Clene's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Clene's price. Additionally, you may evaluate how the addition of Clene to your portfolios can decrease your overall portfolio volatility.