The consensus among analysts is that PolarityTE, Inc. (PTE) is an Overweight stock at the moment, with a recommendation rating of 2.4. None of the analysts rate the stock as a Sell, while none rate it as Overweight. 2 out of 5 have rated it as a Hold, with 3 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.38.
PolarityTE, Inc. (NASDAQ:PTE) trade information
Despite being -2.92% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Monday, Jun 29 when the PTE stock price touched $1.49 or saw a rise of 10.74%. Year-to-date, PolarityTE, Inc. shares have moved -48.85%, while the 5-day performance has seen it change 1.53%. Over the past 30 days, the shares of PolarityTE, Inc. (NASDAQ:PTE) have changed 36.21%. Short interest in the company has seen 3.11 Million shares shorted with days to cover at 0.
PolarityTE, Inc. (PTE) estimates and forecasts
Figures show that PolarityTE, Inc. shares have underperformed across the wider relevant industry. The company’s shares have lost -49.24% over the past 6 months, with this year growth rate of -67.84%, compared to 12.4% for the industry. Other than that, the company has, however, increased its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are 58.7% and 66.7% for the next quarter. Revenue growth from the last financial year stood is estimated to be -33.7%.
4 analysts offering their estimates for the company have set an average revenue estimate of $830Million for the current quarter. 4 have an estimated revenue figure of $930Million for the next quarter concluding in September 01, 2020. Year-ago sales stood $1.34 Million and $1.4 Million respectively for this quarter and the next, and analysts expect sales will grow by -38.1% for the current quarter and -33.3% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +5.6% over the past 5 years. Earnings growth for 2020 is a modest -329.3% while over the next 5 years, the company’s earnings are expected to increase by 15%.