28-Mar-2024
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ClearSign Technologies Corporation Receives First in Series of Four Boiler Burner Purchase Orders
PRNewswire (Wed, 21-Feb 8:30 AM ET)
PRNewswire (Tue, 13-Feb 8:30 AM ET)
ClearSign Technologies Corporation Provides Preliminary 2023 Financial Results
PRNewswire (Wed, 7-Feb 8:30 AM ET)
PRNewswire (Thu, 1-Feb 4:00 PM ET)
PRNewswire (Wed, 17-Jan 8:30 AM ET)
ClearSign Technologies Corp is engaged in providing solutions to some of the pressing productivity, energy efficiency, and pollution problems affecting the energy, oil, and gas production, boiler, and processing industries. It believes that its patented ClearSign Core technology can enhance the performance of combustion systems in a broad range of markets, including the energy (upstream oil production and downstream refining), institutional, commercial, and industrial boiler, chemical, and petrochemical industries. The company offers products that include process burners, boiler burners, flares, and ClearSign Eye.
Clearsign Technologies trades on the NASDAQ stock market under the symbol CLIR.
As of March 28, 2024, CLIR stock price climbed to $0.96 with 62,559 million shares trading.
CLIR has a beta of 1.60, meaning it tends to be more sensitive to market movements. CLIR has a correlation of 0.04 to the broad based SPY ETF.
CLIR has a market cap of $37.38 million. This is considered a Sub-Micro Cap stock.
Last quarter Clearsign Technologies reported $85,000 in Revenue and -$.03 earnings per share. This fell short of revenue expectation by $-185,000 and exceeded earnings estimates by $.01.
In the last 3 years, CLIR stock traded as high as $6.00 and as low as $.50.
The top ETF exchange traded funds that CLIR belongs to (by Net Assets): VTI, VXF, IWC.
CLIR has underperformed the market in the last year with a price return of +18.4% while the SPY ETF gained +33.6%. CLIR has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -14.6% and -6.3%, respectively, while the SPY returned +10.1% and +1.7%, respectively.
CLIR support price is $.91 and resistance is $1.02 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CLIR stock will trade within this expected range on the day.