How to Buy Clene Stock
Clene Inc
Clene Inc. , a clinical-stage pharmaceutical company, focuses on the discovery, development, and commercialization of novel clean-surfaced nanotechnology (CSN) therapeutics.
Clene stock last closed at $0.35, up 2.67% from the previous day, and has decreased 63.58% in one year. It has underperformed other stocks in the Biotechnology industry by 0.4 percentage points. Clene stock is currently +38.4% from its 52-week low of $0.25, and -68.26% from its 52-week high of $1.09.
As of Apr 25, 2024, there are 128.43M CLNN shares outstanding. The market capitalization of CLNN is $44.44M. In the past 24 hours, 366,574 CLNN shares were traded.
How to Buy Clene Stock
Wondering how to invest in Clene stock? Here's how.
- Choose where to buy Clene stock: You need to choose an online brokerage, but don't worry - we've analyzed dozens of online stock brokerages and apps to help you figure out where to buy Clene stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Fund your brokerage account: Pick your method of payment and add your details.
- Analyze Clene stock: The Clene ticker symbol is CLNN. Is Clene stock a good investment? Should you buy shares of CLNN? How do CLNN's underlying business fundamentals look? Do top analysts think Clene is a good buy? Why has CLNN's stock price moved recently? (Hint: Our stock analysis website can help you decide if CLNN is a good stock to buy).
- Place your CLNN buy order: Decide if you will purchase CLNN shares at the current market price or use a limit order to buy CLNN shares at a particular price.
- Get the latest scoop on your CLNN investment: Create a watchlist to important updates regarding your investment in Clene stock.
Step 1: Choose where to buy Clene stock
You need an online brokerage account in order to access the NASDAQ market and buy CLNN stock.
Our favorite brokerage: eToro
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Open eToro AccountStep 2: Create a brokerage account
Now that you've chosen the best brokerage, it's time to fill out some personal information so you can invest in CLNN today.
How to Start a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal details to start a new trading account.
- Send your data by clicking the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you've created your account on the highest rated app to buy and sell stocks, you need to deposit funds:
Watch this video walkthrough for more details depositing money into your brokerage account.
Step 4: Analyze Clene stock
Once you have chosen the best place to buy Clene stock, it's very important to evaluate their stock before you invest, so you can understand the risk as well as the opportunity.
Clene stock data
CLNN Due Diligence Checks
WallStreetZen was built to help average investors do more in-depth fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on CLNN's stock page.
Is CLNN stock properly valued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge CLNN's true value.
Using relative valuations measures:
- CLNN may be undervalued based on its P/B ratio of 3.32x, relative to Biotechnology industry P/B ratio of 5.8x
You can access more valuation research on CLNN's stock here.
A look at CLNN Cashflows and Balance Sheet
Passed Financial Due Diligence Checks:
- There are more short-term assets than long-term liabilities on the CLNN balance sheet.
- Total CLNN debt is lower than 5 years ago, relative to shareholder equity.
- CLNN has cash burn of 30501000. It has sufficient cash and short-term investments to cover this for at least one year.
- There are more short-term assets than short-term liabilities on the CLNN balance sheet.
Failed Financial Due Diligence Checks:
- CLNN has a relatively high debt to equity ratio of 2.91.
- CLNN has $35.06M in cash and short term investments. This is not sufficient to cover its annual cash burn of $30.50M.
- CLNN profit margin has gone down from -6,325.2% to -7,569.4% in the past year.
Is it a good time to buy CLNN stock, according to Wall Street analysts?
Out of 2 Wall Street analysts who give forecasts on CLNN, the consensus analyst rating on CLNN is a Strong Buy
It's important to note that analyst forecasts are not recommendations, nor are they financial advice.
You can dig deeper into what analysts are saying on the Clene stock forecast page.
CLNN Technicals
Is CLNN Growing Revenue?
Last year, CLNN revenue was $654.00k. During the past 3 year, CLNN's revenue has grown by 129.56% per year. This was faster than the Biotechnology industry average of 28.62%.
Learn more about CLNN's earnings and revenue performance here.
What are CLNN executives and large shareholders up to?
Over the past 12 months, insiders at CLNN have bought more shares than they have sold.
General Resonance LLC, 10% Owner of CLNN, was the latest CLNN insider to sell. They sold $2,872.50 worth of CLNN shares on Apr 9, 2024.
Get more info about who owns CLNN stock here.
Can I get consistent income from CLNN stock?
No, Clene doesn't provide an income stream by paying out dividends.
What do other traders have to say about CLNN?
One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Place your CLNN buy order
You have two main order types:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are usually the best for newer investors. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a given price, use a limit order.
Press the Open Trade button and your broker will execute the order.
If you need additional assistance buying stocks on eToro, click the helpful video below:
Step 6: Get the latest scoop on your CLNN investment
Now that you own some CLNN shares, you'll want to stay up-to-date on your shares.
Add CLNN to a watchlist to keep tabs on your CLNN stock.
CLNN Feed
How to Buy Stock in Clene
To reiterate, here are the 6 steps you need to take to buy Clene stock right now:
- Choose where to buy Clene stock
- Create a brokerage account
- Fund your brokerage account
- Analyze Clene stock
- Place your CLNN buy order
- Get the latest scoop on your CLNN investment
If you are looking for a brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you want to keep track of your new investment in Clene, create your watchlist below.
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