ClearOne Inc (CLRO) surge 10.43% in a week: will this be a lucky break through?

ClearOne Inc (NASDAQ: CLRO) open the trading on Wednesday, with great promise as it jumped 11.51% to $1.03, before settling in for the price of $0.92 at the close. Taking a more long-term approach, CLRO posted a 52-week range of $0.44-$1.70.

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The Technology Sector giants’ yearly sales growth during the last 5-year period was -6.82%. Meanwhile, its Annual Earning per share during the time was 58.35%. This publicly-traded company’s shares outstanding now amounts to $23.97 million, simultaneously with a float of $10.10 million. The organization now has a market capitalization sitting at $24.69 million. At the time of writing, stock’s 50-day Moving Average stood at $1.2827, while the 200-day Moving Average is $0.9456.

ClearOne Inc (CLRO) Ownership Facts and Figures

Sometimes it helps to make our mind if we keep our tabs on how bigger investors are working with the stock of the Communication Equipment industry. ClearOne Inc’s current insider ownership accounts for 57.86%, in contrast to 6.00% institutional ownership. According to the most recent insider trade that took place on Dec 14 ’23, this organization’s 10% Owner bought 9,541 shares at the rate of 0.82, making the entire transaction reach 7,847 in total value, affecting insider ownership by 10,590,528. Preceding that transaction, on Dec 13 ’23, Company’s 10% Owner bought 4,019 for 0.81, making the whole transaction’s value amount to 3,255. This particular insider is now the holder of 10,580,987 in total.

ClearOne Inc (NASDAQ: CLRO) Trading Performance Indicators

Let’s observe the current performance indicators for ClearOne Inc (CLRO). It’s Quick Ratio in the last reported quarter now stands at 7.67. The Stock has managed to achieve an average true range (ATR) of 0.10. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 1.32. Similarly, its price to free cash flow for trailing twelve months is now 0.46.

In the same vein, CLRO’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -0.02.

Technical Analysis of ClearOne Inc (CLRO)

[ClearOne Inc, CLRO] recent stats showed that its last 5-days Average volume was poorer than the volume it posted in the year-ago period. During the previous 9 days, stock’s Stochastic %D was recorded 32.72% While, its Average True Range was 0.1186.

Raw Stochastic average of ClearOne Inc (CLRO) in the period of the previous 100 days is set at 14.87%, which indicates a major fall in contrast to 45.95% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 73.27% that was lower than 159.67% volatility it exhibited in the past 100-days period.