ClearSign Technologies (NASDAQ:CLIR) Stock Crosses Below Two Hundred Day Moving Average – What’s Next?

ClearSign Technologies Corporation (NASDAQ:CLIR)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.43 and traded as low as $3.80. ClearSign Technologies shares last traded at $3.85, with a volume of 23,774 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of ClearSign Technologies in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $20.00.

ClearSign Technologies Price Performance

The stock has a market capitalization of $23.97 million, a price-to-earnings ratio of -3.87 and a beta of 1.43. The company’s 50-day simple moving average is $4.02 and its 200-day simple moving average is $4.41.

ClearSign Technologies (NASDAQ:CLIR) last issued its quarterly earnings results on Friday, August 14th. The technology company reported ($0.22) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.03. The business had revenue of $0.56 million for the quarter, compared to the consensus estimate of $0.61 million. ClearSign Technologies had a negative return on equity of 58.08% and a negative net margin of 96.07%. Research analysts expect that ClearSign Technologies Corporation will post -1.02 earnings per share for the current year.

Insider Buying and Selling

In other news, major shareholder John M. Pasquesi purchased 500,000 shares of the company’s stock in a transaction dated Wednesday, July 22nd. The shares were purchased at an average price of $3.54 per share, for a total transaction of $1,770,000.00. Following the transaction, the insider owned 1,343,477 shares of the company’s stock, valued at approximately $4,755,908.58. This trade represents a 59.28% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 5.22% of the stock is owned by insiders.

Institutional Trading of ClearSign Technologies

Large investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. bought a new position in shares of ClearSign Technologies during the 2nd quarter worth approximately $26,000. Citadel Advisors LLC acquired a new position in shares of ClearSign Technologies during the 2nd quarter valued at $75,000. HighTower Advisors LLC acquired a new stake in ClearSign Technologies in the second quarter worth $83,000. Americana Partners LLC grew 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 worth $31,000 after purchasing an additional 25,000 shares during the period. Finally, Rockefeller Capital Management L.P. increased its stake in ClearSign Technologies by 801.4% in the fourth 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. 24.03% of the stock is currently owned by institutional investors and hedge funds.

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.