Clene Inc. logo

Clene Inc.(CLNN)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$4.3
09/25/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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Upturn Advisory & Investor View for CLNN

09/25/2026: CLNN (1-star) is currently NOT-A-BUY. Pass it for now.

Clene Inc. is a clinical-stage biopharmaceutical company focused on treating neurodegenerative diseases using its proprietary nanocrystal technology. The stock is considered a highly speculative play, as it lacks commercial revenue and relies on the success of its lead candidate, CNM-Au8. The primary investment story rests on the potential for its nanocrystal platform to modify disease progression in ALS and MS. However, the company faces significant risks, including clinical trial failures, high cash burn, and competition from large, well-resourced pharmaceutical companies. This stock is generally suitable only for sophisticated growth investors with high risk tolerance who are closely monitoring clinical trial readouts and capital efficiency.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitThis is a high-risk, high-reward play on clinical trial outcomes rather than established commercial growth.
Momentum investorStrong fit while signal remains positiveMomentum investors may find value during clinical trial data readouts, provided the technical trend is favorable.
Value investorWeak fitThe company lacks current earnings or revenue, making traditional value metrics inapplicable.
Dividend investorWeak fitThe company is in an intensive cash-burn phase and does not pay a dividend.
Low-risk investorWeak fitThe extreme volatility and clinical binary risks make this unsuitable for risk-averse portfolios.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighClinical-stage biotech stocks are highly sensitive to news, trial results, and market sentiment.
Valuation riskHighValuation is speculative and hinges on future regulatory success rather than current cash flows.
Competition risk (Neurodegenerative disease)Medium / highThe market is crowded with large, well-resourced competitors developing ALS/MS therapies.
Business qualityMediumThe company possesses a proprietary platform, but lacks proven commercial viability.
Dividend incomeLow / noneThe company is not profitable and does not return capital to shareholders.
Execution riskHighFailure to achieve clinical endpoints would likely result in significant loss of shareholder value.

Price Behavior

Downtrend
PRICE PATH

Downtrend

The stock has experienced a sustained decline in price over recent periods.

Extreme Price Shocks
PRICE STABILITY

Extreme Price Shocks

The stock has experienced exceptionally large and disruptive price movements during the period.

Analysis of Past Performance

Type Stock
Historic Profit -66.8%
Avg. Invested days 23
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 1.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/25/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
CLNN receives a 3-star rating, supported by solid analyst coverage. The rating is constrained by soft quantitative characteristics, and weak price momentum.

Company Fundamentals

★★★★★
CLNN has moderate overall fundamentals (3 stars), with soft financial health, moderate growth momentum, and solid ownership. In FY2025 versus FY2024, solid earnings growth (+33.6%) is partially offset by soft cash generation (FCF margin -9292.5%), negative revenue growth (-41.5%), soft profitability (net margin -13086.5%).

Financial Health Rating

★★★★★
CLNN's financial health is supported by moderate efficiency, including operating-expense and cost-of-revenue discipline (opex 11620.0% of revenue). Liquidity is soft (2 stars), which helps explain the 2-star overall score.

Growth Momentum Score

★★★★★
Earnings growth is CLNN's strongest growth driver at +33.6% FY2025 versus FY2024 (solid, 4 stars). By comparison, free-cash-flow growth (+12.9%, solid) is also solid, while revenue growth (-41.5%, negative) holds the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 28.4% and approximately 65.9% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 18.40% supports management-shareholder alignment.

Unit Economics (Per $1K Revenue)

★★★★★
CLNN generates approximately $785 of gross profit, $-115,415 of operating income, and $-92,925 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong margins, cash conversion, and capital efficiency support the rating.

Economic Dimensions

★★★★★
Effective Tax Rate: 0.00%

Quantitative Style Profile

★★★★★
CLNN has a liquid profile. Weak momentum is the primary drawback, while valuation that is moderately attractive rather than deeply discounted.

Style Classification

Quality Focused

Small / Mid Cap RiskShort Squeeze RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 59.84M USD
Price to earnings Ratio -
1Y Target Price 32.2
Price to earnings Ratio -
1Y Target Price 32.2
Volume (30-day avg) 118.4K shares
Beta 0.95
52 Weeks Range 3.25 - 13.50
Updated Date 09/25/2026
52 Weeks Range 3.25 - 13.50
Updated Date 09/25/2026
Dividends yield (FY) -
Basic EPS (TTM) -3.48

How Company Makes Money

Business areaWhat it includesRetail investor read
Clinical DevelopmentResearch and development funding for CNM-Au8.The company does not yet sell products and relies on investor capital to fund research.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

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Valuation

Trailing PE -
Forward PE -
Enterprise Value 73.65M
Price to Sales(TTM) 303.76
Enterprise Value 73.65M
Price to Sales(TTM) 303.76
Enterprise Value to Revenue 373.86
Enterprise Value to EBITDA -1.13
Shares Outstanding 14.21M
Shares Floating 9.37M
Shares Outstanding 14.21M
Shares Floating 9.37M
Percent Insiders 18.4
Percent Institutions 28.36

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About Clene Inc.

Exchange NASDAQ
Headquarters Salt Lake City, UT, United States
IPO Launch date 2020-12-31
CEO, President & Director Mr. Robert Etherington MBA
Sector Consumer Defensive
Industry Packaged Foods
Full time employees 76
Full time employees 76

Clene Inc., a clinical-stage pharmaceutical company, focuses on the discovery, development, and commercialization of novel clean-surfaced nanotechnology (CSN) therapeutics. The company's lead drug candidate is CNM-Au8, which is being studied in various clinical trials, including a completed Phase 2 platform trial to evaluate the safety and efficacy of CNM-Au8 in patients with amyotrophic lateral sclerosis (ALS); completed Phase 2 proof of concept clinical trial in patients with early symptomatic ALS; completed two open-label investigator blinded Phase 2 clinical trials on the brain's energy metabolites; completed Phase 2 clinical trial for the treatment of visual pathway deficits in chronic optic neuropathy for remyelination in stable relapsing Multiple Sclerosis; and a second Phase 2 clinical trial for the treatment of patients with Parkinson's Diseases. It develops CNM-AgZn17, a gel polymer suspension of silver and zinc ions that is being developed for the treatment of infectious diseases and to support wound healing; and CNM-ZnAg, a broad-spectrum antiviral and antibacterial agent to treat infection disease and to provide immune support for symptom resolution. In addition, the company markets and distributes dietary supplements comprising rMetx, an aqueous zinc-silver ion dietary supplement; and KHC46, an aqueous gold dietary supplement of very low-concentration Au nanoparticles. Clene Inc. is headquartered in Salt Lake City, Utah.