Clene Inc. (CLNN) AI Stock Analysis
CLNN AI stock analysis summary
AI ResearchClene Inc. (CLNN) is a clinical-stage pharmaceutical firm developing clean-surfaced nanotechnology therapeutics. Over the trailing twelve months, the company generated $197,000 in revenue with an operating margin of -5941.1% and negative free cash flow of -$18.6M in FY2025. Its balance sheet as of June 30, 2026, holds $9.7M in cash against $22.3M in total debt, resulting in -$24.8M in shareholders' equity.
- Market cap
- $44.1M
- Revenue (TTM)
- $197,000
- P/E
- —
- 1Y return
- -62.4% S&P 500 16.8%
- Avg. target
- $32.20 938.7% vs last close
Bull case
- Wall Street analysts hold an optimistic outlook, with 4 Strong Buy ratings and an average price target of $32.20 compared to the last close of $3.10.
- Two analysts estimate revenue will expand significantly to $23.3M for the next fiscal year, representing an estimated growth rate of 9228.7%.
- Net loss narrowed from -$49.5M in FY2023 to -$26.2M in FY2025 as annual R&D expenses were reduced to $14.0M.
Bear case
- The company generated only $197,000 in revenue over the trailing twelve months, while operating margin was -5941.1%.
- Shareholders' equity stood at -$24.8M as of June 30, 2026, alongside $22.3M in total debt against $9.7M in cash.
- The 5-year share count increased by 297.5%, contributing to a 5-year stock return of -97.5%.
What Clene does
Clene Inc. is a clinical-stage pharmaceutical company based in Salt Lake City, Utah, focused on clean-surfaced nanotechnology therapeutics. Its lead drug candidate, CNM-Au8, is undergoing a Phase 2/3 trial for amyotrophic lateral sclerosis (ALS), Phase 2 trials for chronic optic neuropathy, and planned Phase 2 trials for Parkinson's Disease. Its pipeline also includes CNM-AgZn17 for infectious diseases and wound healing, CNM-ZnAg for antiviral and antibacterial uses, and CNM-PtAu7 for oncology applications. Additionally, Clene offers dietary supplements such as rMetx and KHC46 using zinc-silver and gold nanoparticles.
Growth and profitability
Clene's annual revenue declined from $723,000 in FY2021 to $200,000 in FY2025, reflecting a 5-year revenue CAGR of -0.6% from FY2020 to FY2025. Gross margin was 78.5% in FY2025, down from 94.5% in FY2022. Net loss improved from -$49.5M in FY2023 to -$26.2M in FY2025, alongside an operating margin of -11541.5%. R&D expense decreased to $14.0M in FY2025 from $31.9M in FY2022. For the trailing twelve months ended June 30, 2026, revenue stood at $197,000 with an EPS of -$3.52, while quarterly revenue growth reached 233.3% year-over-year.
Balance sheet and cash flow
As of June 30, 2026, Clene had $9.7M in cash and short-term investments and $22.3M in total debt, leading to net debt of $12.7M. Total assets were $23.0M, the current ratio was 3.07, and shareholders' equity was -$24.8M. In FY2025, operating cash flow was -$18.5M, free cash flow was -$18.6M, and capital expenditures were $39,000. Over five years, the company's share count increased by 297.5%.
Valuation and performance
At a last close of $3.10 on October 16, 2026, Clene had a market capitalization of $44.1M and an enterprise value of $73.7M. The stock trades at a price-to-sales multiple of 223.7x and an EV-to-revenue multiple of 373.9x, compared to a median price-to-sales multiple of 0.7x for its US-listed Consumer Defensive peers. Clene's shares fell 62.4% over the past year and 97.5% over five years, while the S&P 500 (SPY) returned 16.8% and 83.0% over those respective periods.
What analysts expect
Five Wall Street analysts cover Clene, with 4 Strong Buy ratings and 1 Buy rating. The mean price target is $32.20, which is 938.7% above the last close of $3.10. For the fiscal year ending December 31, 2026, consensus estimates project revenue of $249,400 and an EPS of -$2.62. For the next fiscal year, two analysts project revenue of $23.3M and an EPS of -$2.44. Over the last four quarters, the company beat EPS estimates 1 time. The next earnings date is November 12, 2026.
Key risks and what to watch
- The company posted negative free cash flow of -$18.6M in FY2025 while holding $9.7M in cash as of June 30, 2026.
- Debt of $22.3M exceeds total cash of $9.7M, resulting in net debt of $12.7M and negative equity of -$24.8M.
- Revenue has contracted over multiple years, falling 41.5% in FY2025 to $200,000.
- Short interest represents 8.0% of the public float, with the stock trading 41.3% below its 200-day moving average.
AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer
About this CLNN AI stock analysis
This page is an AI-written research summary of Clene Inc. (CLNN). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.
Related: CLNN income statement, CLNN balance sheet, CLNN key metrics, CLNN analyst forecast, CLNN chart. See the CLNN stock overview for the latest quote and news.
CLNN AI stock analysis FAQ
What is Clene's primary drug candidate?
Clene's lead candidate is CNM-Au8, which is in a Phase 2/3 trial for ALS, Phase 2 trials for optic neuropathy, and planned Phase 2 trials for Parkinson's Disease.
Does Clene Inc. pay a dividend?
No, Clene Inc. does not pay a dividend.
What are analysts forecasting for Clene's next fiscal year revenue?
Two analysts covering the stock estimate revenue of $23.3M for the next fiscal year, representing an estimated revenue growth rate of 9228.7%.
What is Clene's cash and debt position?
As of June 30, 2026, Clene held $9.7M in cash and short-term investments and $22.3M in total debt, resulting in net debt of $12.7M.