Artelo Biosciences, Inc. (NASDAQ:ARTL) down -46.7% over the past 30 days: Any Troubles Ahead? – Marketing Sentinel

Artelo Biosciences, Inc. (NASDAQ:ARTL) down -46.7% over the past 30 days: Any Troubles Ahead?

In last trading session, Artelo Biosciences, Inc. (NASDAQ:ARTL) saw 1,521,510 shares changing hands with its beta currently measuring 3.45. Company’s recent per share price level of $1.13 trading at -$0.14 or -11.02% at ring of the bell on the day assigns it a market valuation of $17.75 Million. That closing price of ARTL’s stock is at a discount of -224.78% from its 52-week high price of $3.67 and is indicating a premium of 60.09% from its 52-week low price of $0.451. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 895.05 Million shares which gives us an average trading volume of 9.58 Million if we extend that period to 3-months.

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For Artelo Biosciences, Inc. (ARTL), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.5. Splitting up the data highlights that, out of 2 analysts covering the stock, none rated the stock as a Sell while none recommended an Overweight rating for the stock. None suggested the stock as a Hold whereas 2 see the stock as a Buy. None analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.09 in the current quarter.

Artelo Biosciences, Inc. (NASDAQ:ARTL) trade information

In the face of being in the red during last session for losing -11.02%, in the last five days ARTL remained trading in the green while hitting it’s week-highest on Friday, Apr 09 when the stock touched $1.5767 price level, adding 28.33% to its value on the day. Artelo Biosciences, Inc.’s shares saw a change of 54.79% in year-to-date performance and have moved -28.48% in past 5-day. Artelo Biosciences, Inc. (NASDAQ:ARTL) showed a performance of -46.7% in past 30-days. Number of shares sold short was 2.12 Million shares which calculate 0.22 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $6 to the stock, which implies a rise of 430.97% to its current value. Analysts have been projecting $5 as a low price target for the stock while placing it at a high target of $7. It follows that stock’s current price would jump +519.47% in reaching the projected high whereas dropping to the targeted low would mean a loss of 342.48% for stock’s current value.

Artelo Biosciences, Inc. (ARTL) estimates and forecasts

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 0% during past 5 years. In 2021, company’s earnings growth rate is likely to be around -25.6% while estimates for its earnings growth in next 5 years are of 0%

Artelo Biosciences, Inc. (NASDAQ:ARTL)’s Major holders

Insiders are in possession of 5.04% of company’s total shares while institution are holding 18.93% percent of that, with stock having share float percentage of 19.93%. Investors also watch the number of corporate investors in a company very closely, which is 12 institutions for Artelo Biosciences, Inc. that are currently holding shares of the company. Kepos Capital Lp is the top institutional holder at ARTL for having 250Thousand shares of worth $182.5 Thousand. And as of December 30, 2020, it was holding 1.08% of the company’s outstanding shares.

The second largest institutional holder is Geode Capital Management, LLC, which was holding about 60.88 Thousand shares on December 30, 2020. The number of shares represents firm’s hold over 0.26% of outstanding shares, having a total worth of $44.44 Thousand.


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On the other hand, Fidelity Extended Market Index Fund and Fidelity NASDAQ Composite Index Fund are the top two Mutual Funds which own company’s shares. As of February 27, 2021, the former fund manager was holding 80396 shares of worth $147.93 Thousand or 0.35% of the total outstanding shares. The later fund manager was in possession of 60.88 Thousand shares on February 27, 2021, making its stake of worth around $112.01 Thousand in the company or a holder of 0.26% of company’s stock.

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