NASDAQ:PTE

PolarityTE (PTE) Stock Forecast, Price & News

$0.40

-0.01 (-2.44%)

(As of 06/2/2023 ET)

Compare

Today's Range: $0.38
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$0.42
50-Day Range: $0.37
▼
$0.63
52-Week Range: $0.35
▼
$2.74

Volume: 21,482 shs
Average Volume: 39,206 shs
Market Capitalization: $2.95 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $1.00

PolarityTE MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 150.0% Upside
$1.00 Price Target
Short Interest: Healthy
1.59% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.09 out of 5 stars

3.5

Analyst's Opinion

Consensus Rating
PolarityTE has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $1.00, PolarityTE has a forecasted upside of 150.0% from its current price of $0.40.
Amount of Analyst Coverage
PolarityTE has received no research coverage in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
1.59% of the float of PolarityTE has been sold short.
Short Interest Ratio / Days to Cover
PolarityTE has a short interest ratio ("days to cover") of 1.7, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in PolarityTE has recently decreased by 5.72%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
PolarityTE does not currently pay a dividend.
Dividend Growth
PolarityTE does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for PTE.

N/A

News and Social Media Coverage

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, PolarityTE insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 5.40% of the stock of PolarityTE is held by insiders.
Percentage Held by Institutions
Only 11.75% of the stock of PolarityTE is held by institutions.

0.6

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of PolarityTE is -0.07, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of PolarityTE is -0.07, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
PolarityTE has a P/B Ratio of 0.24. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About PolarityTE (NASDAQ:PTE) Stock

PolarityTE, Inc. is a biotechnology company developing and commercializing regenerative tissue products and biomaterials. The firm products include SkinTE Cryo, SkinTE POC, PTE 11000, OsteoTE and Real Time Assistant. Its SkinTE product is commercially available for the repair, reconstruction, replacement, and supplementation of skin in patients who have a need for treatment of acute or chronic wounds, burns, surgical reconstruction events, scar revision, or removal of dysfunctional skin grafts. The firm operates through the following segments: regenerative medicine products and contract services. PolarityTE was founded on May 8, 1998 and is headquartered in Salt Lake City, UT.

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PTE Stock News Headlines

May 24, 2023 | americanbankingnews.com

Analyzing PolarityTE (NASDAQ:PTE) & Exscientia (NASDAQ:EXAI)

May 15, 2023 | uk.finance.yahoo.com

PolarityTE, Inc. (PTE) stock price, news, quote & history – Yahoo Finance

June 4, 2023 | Legacy Research (Affiliate) (Ad)

“Amazon Loophole” could hand you $28,544 in “royalty” payouts

Thanks to a little-known IRS loophole… Regular Americans can collect up to $28,544 (or more) in payouts from what Brad Thomas calls the “Amazon secret royalty program…” See how to collect the next payout before the strict cutoff deadline.

April 25, 2023 | finance.yahoo.com

PolarityTE, Inc. (PTE) May Find a Bottom Soon, Here's Why You Should Buy the Stock Now

April 17, 2023 | americanbankingnews.com

Analyzing PolarityTE (NASDAQ:PTE) & Vaxart (NASDAQ:VXRT)

April 4, 2023 | americanbankingnews.com

FY2023 EPS Estimates for PolarityTE, Inc. Raised by Northland Capmk (NASDAQ:PTE)

March 31, 2023 | americanbankingnews.com

Brokers Set Expectations for PolarityTE, Inc.'s Q1 2023 Earnings (NASDAQ:PTE)

March 31, 2023 | americanbankingnews.com

Q1 2023 Earnings Estimate for PolarityTE, Inc. (NASDAQ:PTE) Issued By Northland Capmk

June 4, 2023 | Legacy Research (Affiliate) (Ad)

“Amazon Loophole” could hand you $28,544 in “royalty” payouts

March 29, 2023 | finance.yahoo.com

PolarityTE Full Year 2022 Earnings: EPS Misses Expectations

March 23, 2023 | finance.yahoo.com

When Can We Expect A Profit From PolarityTE, Inc. (NASDAQ:PTE)?

December 30, 2022 | msn.com

Northland Capital Markets Maintains Outperform Rating for PolarityTE: Here's What You Need To Know

December 27, 2022 | finance.yahoo.com

PolarityTE Announces Entry Into a Letter of Intent For Acquisition of the Company

December 12, 2022 | finance.yahoo.com

PolarityTE, Inc. (PTE) Stock Historical Prices & Data - Yahoo Finance

November 10, 2022 | finance.yahoo.com

PolarityTE Reports Third Quarter 2022 Financial Results and Provides Business Update

November 9, 2022 | finance.yahoo.com

PolarityTE Shares Jump After Non-Binding Buyout Offer Of $1.25/Share

November 9, 2022 | finance.yahoo.com

PolarityTE Confirms Receipt of Unsolicited, Non-Binding Offer to Acquire the Company

October 17, 2022 | msn.com

US Futures Higher as Bank of America Reports Better-Than-Expected Earnings - msnNOW

October 14, 2022 | nasdaq.com

PolarityTE, Inc. (PTE) Upgraded to Strong Buy: Here's What You Should Know - Nasdaq

October 13, 2022 | finance.yahoo.com

PolarityTE, Inc. (PTE) Upgraded to Strong Buy: Here's What You Should Know

September 24, 2022 | reuters.com

PTE.OQ - Polarityte Inc | Stock Price & Latest News | Reuters

September 19, 2022 | seekingalpha.com

ASP Isotopes Starts $30 Million U.S. IPO Process (Pending:ASPI) - Seeking Alpha

September 14, 2022 | benzinga.com

PolarityTE (NASDAQ:PTE) – PolarityTE to Present at the H.C. Wainwright 24th Annual Global Investment Conf - Benzinga

September 13, 2022 | streetinsider.com

PolarityTE to Present at the H.C. Wainwright 24th Annual Global Investment Conference on September 14, 2022 - StreetInsider.com

September 13, 2022 | finance.yahoo.com

PolarityTE to Present at the H.C. Wainwright 24th Annual Global Investment Conference on September 14, 2022

September 8, 2022 | prnewswire.com

PolarityTE Announces Resignation of Jeff Dyer from its Board of Directors - PR Newswire

September 8, 2022 | finance.yahoo.com

PolarityTE Announces Resignation of Jeff Dyer from its Board of Directors

See More Headlines

PTE Price History

30 days | 90 days | 365 days | Advanced Chart

PTE Company Calendar

Last Earnings: 11/10/2021
Today: 6/04/2023
Next Earnings (Estimated): 6/05/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Biological products, except diagnostic
Sub-Industry: N/A
Sector: Medical
Current Symbol: NASDAQ:PTE
CUSIP: N/A
CIK: 1076682
Web: www.polarityte.com
Phone: (800) 560-3983
Fax: 302-636-5454
Employees: 80
Year Founded: 1986

Price Target and Rating

Average Stock Price Forecast: $1.00
High Stock Price Forecast: $1.00
Low Stock Price Forecast: $1.00
Forecasted Upside/Downside: +150.0%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($5.96)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-7,830,000.00
Net Margins: N/A
Pretax Margin: -11,376.71%
Return on Equity: -106.08%
Return on Assets: -76.91%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 4.11
Quick Ratio: 4.11

Sales & Book Value

Annual Sales: $810,000.00
Price / Sales: 3.64
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $1.68 per share
Price / Book: 0.24

Miscellaneous

Outstanding Shares: 7,380,000
Free Float: 6,978,000
Market Cap: $2.95 million
Optionable: Optionable
Beta: 1.15

Social Links

Key Executives

Richard Hague
President & Chief Executive Officer

Jacob Patterson
Chief Financial Officer

Stephen Milner
Chief Clinical Officer

Ryan Mathis
Chief Medical Officer

Nikolai Sopko
CSO, VP-Research & Development

Key Competitors

View All Competitors

Insiders

Peter A Cohen
Sold 15,106 shares
Total: $20,090.98 ($1.33/share)

View All Insider Transactions

PTE Stock - Frequently Asked Questions

Should I buy or sell PolarityTE stock right now?: 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PolarityTE in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" PTE shares.
View PTE analyst ratings or view top-rated stocks.
What is PolarityTE's stock price forecast for 2023?: 1 analysts have issued 12 month target prices for PolarityTE's stock. Their PTE share price forecasts range from $1.00 to $1.00. On average, they anticipate the company's stock price to reach $1.00 in the next twelve months. This suggests a possible upside of 150.0% from the stock's current price.
View analysts price targets for PTE or view top-rated stocks among Wall Street analysts.
How have PTE shares performed in 2023?: PolarityTE's stock was trading at $0.6551 at the beginning of the year. Since then, PTE shares have decreased by 38.9% and is now trading at $0.40.
View the best growth stocks for 2023 here.
When is PolarityTE's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, June 5th 2023.
View our PTE earnings forecast.
How were PolarityTE's earnings last quarter?: PolarityTE, Inc. (NASDAQ:PTE) announced its quarterly earnings results on Wednesday, November, 10th. The company reported ($2.25) earnings per share for the quarter, topping analysts' consensus estimates of ($3.00) by $0.75. The business had revenue of $1.12 million for the quarter, compared to the consensus estimate of $0.97 million. During the same quarter in the prior year, the company earned ($4.50) EPS.
When did PolarityTE's stock split?: PolarityTE's stock reverse split before market open on Tuesday, May 17th 2022. The 1-25 reverse split was announced on Tuesday, May 17th 2022. The number of shares owned by shareholders was adjusted after the closing bell on Tuesday, May 17th 2022. An investor that had 100 shares of stock prior to the reverse split would have 4 shares after the split.

What other stocks do shareholders of PolarityTE own?: Based on aggregate information from My MarketBeat watchlists, some companies that other PolarityTE investors own include Bionano Genomics (BNGO), Gran Tierra Energy (GTE), Matinas BioPharma (MTNB), Pennsylvania Real Estate Investment Trust (PEI), CNBX Pharmaceuticals (CNBX), Novan (NOVN), Zosano Pharma (ZSAN), ADMA Biologics (ADMA), KushCo (KSHB) and Aeterna Zentaris (AEZS).
What is PolarityTE's stock symbol?: PolarityTE trades on the NASDAQ under the ticker symbol "PTE."
How do I buy shares of PolarityTE?: Shares of PTE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is PolarityTE's stock price today?: One share of PTE stock can currently be purchased for approximately $0.40.
How much money does PolarityTE make?: PolarityTE (NASDAQ:PTE) has a market capitalization of $2.95 million and generates $810,000.00 in revenue each year. The company earns $-7,830,000.00 in net income (profit) each year or ($5.96) on an earnings per share basis.
How can I contact PolarityTE?: PolarityTE's mailing address is 123 NORTH WRIGHT BROTHERS DRIVE, SALT LAKE CITY UT, 84116. The official website for the company is www.polarityte.com. The company can be reached via phone at (800) 560-3983, via email at ir@polarityte.com, or via fax at 302-636-5454.

This page (NASDAQ:PTE) was last updated on 6/4/2023 by MarketBeat.com Staff

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