ClearOne Inc. [CLRO] gain 59.04% so far this year. What now?

ClearOne Inc. [NASDAQ: CLRO] price surged by 15.28 percent to reach at $0.35. The company report on December 10, 2020 that ClearOne Appoints Chromasound as Distributor in Hungary.

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Addressing further growth in the Eastern European AV markets, ClearOne, ClearOne (NASDAQ: CLRO), a global provider of audio and visual communications solutions, has appointed Chromasound PLC, based in Budapest, Hungary, as its newest distribution partner.

Chromasound is focused on Pro Audio, Lighting, and AV integration in Hungary, known primarily for delivering the finest audio solutions to customers ranging from theatres and concert halls to stadiums for the past two decades. The company will now offer ClearOne’s entire portfolio of Audio Conferencing, Visual Collaboration, and AV Networking throughout Hungary.

A sum of 5465319 shares traded at recent session while its average daily volume was at 167.57K shares. ClearOne Inc. shares reached a high of $3.30 and dropped to a low of $2.42 until finishing in the latest session at $2.64.

The one-year CLRO stock forecast points to a potential upside of 34.81.

Guru’s Opinion on ClearOne Inc. [CLRO]:

Singular Research have made an estimate for ClearOne Inc. shares, keeping their opinion on the stock as BUY – Long-Term, with their previous recommendation back on August 16, 2018.

The Average True Range (ATR) for ClearOne Inc. is set at 0.23, with the Price to Sales ratio for CLRO stock in the period of the last 12 months amounting to 1.90. The Price to Book ratio for the last quarter was 1.02, with the Price to Cash per share for the same quarter was set at 0.37. Price to Free Cash Flow for CLRO in the course of the last twelve months was 42.39 with Quick ratio for the last quarter at 1.90.

CLRO Stock Performance Analysis:

ClearOne Inc. [CLRO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 10.46. With this latest performance, CLRO shares gained by 52.60% in over the last four-week period, additionally plugging by 20.00% over the last 6 months – not to mention a rise of 58.08% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CLRO stock in for the last two-week period is set at 68.43, with the RSI for the last a single of trading hit 72.16, and the three-weeks RSI is set at 64.88 for ClearOne Inc. [CLRO]. The present Moving Average for the last 50 days of trading for this stock 2.04, while it was recorded at 2.34 for the last single week of trading, and 2.11 for the last 200 days.

Insight into ClearOne Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and ClearOne Inc. [CLRO] shares currently have an operating margin of -34.19 and a Gross Margin at +44.70. ClearOne Inc.’s Net Margin is presently recorded at -33.58.

Return on Total Capital for CLRO is now -16.87, given the latest momentum, and Return on Invested Capital for the company is -16.66. Return on Equity for this stock declined to -17.39, with Return on Assets sitting at -14.75. When it comes to the capital structure of this company, ClearOne Inc. [CLRO] has a Total Debt to Total Equity ratio set at 10.84. Additionally, CLRO Total Debt to Total Capital is recorded at 9.78, with Total Debt to Total Assets ending up at 8.75. Long-Term Debt to Equity for the company is recorded at 9.54, with the Long-Term Debt to Total Capital now at 8.61.

Reflecting on the efficiency of the workforce at the company, ClearOne Inc. [CLRO] managed to generate an average of -$66,205 per employee. Receivables Turnover for the company is 4.09 with a Total Asset Turnover recorded at a value of 0.44.ClearOne Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.90 and a Current Ratio set at 2.90.

CLRO Stock EPS

With the latest financial reports released by the company, ClearOne Inc. posted 0.09/share EPS, while the average EPS was predicted by analysts to be reported at 0.06/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 50.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CLRO. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for ClearOne Inc. go to 13.00%.

ClearOne Inc. [CLRO] Insider Position Details

There are presently around $3 million, or 7.10% of CLRO stock, in the hands of institutional investors. The top three institutional holders of CLRO stocks are: RENAISSANCE TECHNOLOGIES LLC with ownership of 362,429, which is approximately 6.298% of the company’s market cap and around 48.90% of the total institutional ownership; VANGUARD GROUP INC, holding 353,648 shares of the stock with an approximate value of $0.93 million in CLRO stocks shares; and ARMISTICE CAPITAL, LLC, currently with $0.92 million in CLRO stock with ownership of nearly New of the company’s market capitalization.

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Positions in ClearOne Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 5 institutional holders increased their position in ClearOne Inc. [NASDAQ:CLRO] by around 398,783 shares. Additionally, 4 investors decreased positions by around 32,437 shares, while 7 investors held positions by with 891,355 shares. The mentioned changes placed institutional holdings at 1,322,575 shares, according to the latest SEC report filing. CLRO stock had 3 new institutional investments in for a total of 369,350 shares, while 2 institutional investors sold positions of 15,441 shares during the same period.

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