NASDAQ:PTE PolarityTE - PTE Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding PolarityTE, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $0.81 +0.02 (+2.53%) (As of 02/6/2023 12:00 AM ET) Add Compare Share Share Today's Range$0.78▼$0.8150-Day Range$0.63▼$0.8352-Week Range$0.61▼$13.00Volume15,856 shsAverage Volume68,769 shsMarket Capitalization$5.86 millionP/E RatioN/ADividend YieldN/APrice Target$1.00 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media PolarityTE MarketRank™ ForecastAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside23.5% Upside$1.00 Price TargetShort InterestHealthy2.23% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews SentimentN/AInsider TradingN/AProj. Earnings GrowthGrowingFrom ($4.60) to ($3.70) Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.70 out of 5 stars 2.3 Analyst's Opinion Consensus RatingPolarityTE has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $1.00, PolarityTE has a forecasted upside of 23.5% from its current price of $0.81.Amount of Analyst CoveragePolarityTE has only been the subject of 1 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted2.23% of the float of PolarityTE has been sold short.Short Interest Ratio / Days to CoverPolarityTE has a short interest ratio ("days to cover") of 0.8, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in PolarityTE has recently increased by 14.98%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldPolarityTE does not currently pay a dividend.Dividend GrowthPolarityTE does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for PTE. Previous Next 3.1 News and Social Media Coverage News SentimentPolarityTE has a news sentiment score of 1.55. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.47 average news sentiment score of Medical companies.MarketBeat Follows1 people have added PolarityTE to their MarketBeat watchlist in the last 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, PolarityTE insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 5.40% of the stock of PolarityTE is held by insiders.Percentage Held by InstitutionsOnly 11.75% of the stock of PolarityTE is held by institutions. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for PolarityTE are expected to grow in the coming year, from ($4.60) to ($3.70) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of PolarityTE is -0.14, 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. SectorThe P/E ratio of PolarityTE is -0.14, 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 RatioPolarityTE has a P/B Ratio of 0.14. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About PolarityTE (NASDAQ:PTE) StockPolarityTE, 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.Read More Receive PTE Stock News and Ratings via Email Sign-up to receive the latest news and ratings for PolarityTE and its competitors with MarketBeat's FREE daily newsletter. Email Address PTE Stock News HeadlinesDecember 30, 2022 | msn.comNorthland Capital Markets Maintains Outperform Rating for PolarityTE: Here's What You Need To KnowDecember 27, 2022 | finance.yahoo.comPolarityTE Announces Entry Into a Letter of Intent For Acquisition of the CompanyFebruary 7, 2023 | Investing Trends (Ad)Profit From the Commercial Solar Boom?Solar energy had its best year ever in 2021, with a record 24 gigawatts of power installed. That's enough to power 18 million homes! Analysts expect the global solar farm market to reach $356 billion by 2028. The utility segment of the solar market is expected to grow at the highest annual growth rate in the industry, especially with the many tax incentives now offered. December 12, 2022 | finance.yahoo.comPolarityTE, Inc. (PTE) Stock Historical Prices & Data - Yahoo FinanceNovember 10, 2022 | finance.yahoo.comPolarityTE Reports Third Quarter 2022 Financial Results and Provides Business UpdateNovember 9, 2022 | finance.yahoo.comPolarityTE Shares Jump After Non-Binding Buyout Offer Of $1.25/ShareNovember 9, 2022 | finance.yahoo.comPolarityTE Confirms Receipt of Unsolicited, Non-Binding Offer to Acquire the CompanyOctober 17, 2022 | msn.comUS Futures Higher as Bank of America Reports Better-Than-Expected Earnings - msnNOWFebruary 7, 2023 | Investing Trends (Ad)Profit From the Commercial Solar Boom?Solar energy had its best year ever in 2021, with a record 24 gigawatts of power installed. That's enough to power 18 million homes! Analysts expect the global solar farm market to reach $356 billion by 2028. The utility segment of the solar market is expected to grow at the highest annual growth rate in the industry, especially with the many tax incentives now offered. October 14, 2022 | nasdaq.comPolarityTE, Inc. (PTE) Upgraded to Strong Buy: Here's What You Should Know - NasdaqOctober 13, 2022 | finance.yahoo.comPolarityTE, Inc. (PTE) Upgraded to Strong Buy: Here's What You Should KnowSeptember 24, 2022 | reuters.comPTE.OQ - Polarityte Inc | Stock Price & Latest News | ReutersSeptember 19, 2022 | seekingalpha.comASP Isotopes Starts $30 Million U.S. IPO Process (Pending:ASPI) - Seeking AlphaSeptember 14, 2022 | benzinga.comPolarityTE (NASDAQ:PTE) – PolarityTE to Present at the H.C. Wainwright 24th Annual Global Investment Conf - BenzingaSeptember 13, 2022 | streetinsider.comPolarityTE to Present at the H.C. Wainwright 24th Annual Global Investment Conference on September 14, 2022 - StreetInsider.comSeptember 13, 2022 | finance.yahoo.comPolarityTE to Present at the H.C. Wainwright 24th Annual Global Investment Conference on September 14, 2022September 8, 2022 | finance.yahoo.comPolarityTE Announces Resignation of Jeff Dyer from its Board of DirectorsSeptember 7, 2022 | msn.comPolarityTE's Return On Capital Employed OverviewSeptember 7, 2022 | benzinga.comPioneering Tech (PTE) – PolarityTE's Return On Capital Employed Overview - BenzingaAugust 12, 2022 | seekingalpha.comPolarityTE down 10% on lower-than-expected Q2 revenue (NASDAQ:PTE) - Seeking AlphaAugust 11, 2022 | benzinga.comRecap: PolarityTE Q2 Earnings - BenzingaAugust 11, 2022 | finance.yahoo.comPolarityTE Reports Second Quarter 2022 Financial Results and Provides Business UpdateAugust 1, 2022 | benzinga.comPolarityTE to Report Q2 2022 Financial Results on August 11, 2022 - BenzingaAugust 1, 2022 | finance.yahoo.comPolarityTE to Report Q2 2022 Financial Results on August 11, 2022June 24, 2022 | seekingalpha.comAnebulo, Tenon top healthcare gainers; BioSig, Rigel lead losers' pack - Seeking AlphaJune 21, 2022 | benzinga.comPolarityTE's Return On Capital Employed Overview - Benzinga - BenzingaJune 17, 2022 | seekingalpha.comPolarityTE files secondary offering for up to 4.75M shares - Seeking AlphaSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive PTE Stock News and Ratings via Email Sign-up to receive the latest news and ratings for PolarityTE and its competitors with MarketBeat's FREE daily newsletter. Email Address PTE Company Calendar Last Earnings11/10/2022Today2/07/2023Next Earnings (Estimated)3/29/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Biological products, except diagnostic Sub-IndustryN/A SectorMedical Current SymbolNASDAQ:PTE CUSIPN/A CIK1076682 Webwww.polarityte.com Phone(800) 560-3983Fax302-636-5454Employees80Year FoundedN/APrice Target and Rating Average Stock Price Forecast$1.00 High Stock Price Forecast$1.00 Low Stock Price Forecast$1.00 Forecasted Upside/Downside+23.5%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)($5.96) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-30,190,000.00 Net Margins-451.82% Pretax Margin-851.67% Return on Equity-159.54% Return on Assets-106.02% Debt Debt-to-Equity RatioN/A Current Ratio6.61 Quick Ratio6.61 Sales & Book Value Annual Sales$9.40 million Price / Sales0.62 Cash FlowN/A Price / Cash FlowN/A Book Value$5.87 per share Price / Book0.14Miscellaneous Outstanding Shares7,230,000Free Float6,843,000Market Cap$5.86 million OptionableOptionable Beta1.23 Key ExecutivesRichard HaguePresident & Chief Executive OfficerJacob PattersonChief Financial OfficerStephen MilnerChief Clinical OfficerRyan MathisChief Medical OfficerNikolai SopkoCSO, VP-Research & DevelopmentKey CompetitorsWindtree TherapeuticsNASDAQ:WINTBrickell BiotechNASDAQ:BBIFresh Tracks TherapeuticsNASDAQ:FRTXTC BiopharmNASDAQ:TCBPAyala PharmaceuticalsNASDAQ:AYLAView All CompetitorsInsiders & InstitutionsRenaissance Technologies LLCBought 23,900 shares on 11/14/2022Ownership: 0.931%Peter A CohenSold 15,106 sharesTotal: $20,090.98 ($1.33/share)View All Insider TransactionsView All Institutional Transactions PTE Stock - Frequently Asked Questions Should I buy or sell PolarityTE stock right now? 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PolarityTE in the last twelve months. There are currently 1 hold rating and 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? 2 equities research analysts have issued 12-month price targets for PolarityTE's stock. Their PTE share price forecasts range from $1.00 to $1.00. On average, they expect the company's stock price to reach $1.00 in the next year. This suggests a possible upside of 23.5% 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 start of the year. Since then, PTE shares have increased by 23.6% and is now trading at $0.81. View the best growth stocks for 2023 here. Are investors shorting PolarityTE? PolarityTE saw a increase in short interest in January. As of January 15th, there was short interest totaling 142,800 shares, an increase of 15.0% from the December 31st total of 124,200 shares. Based on an average trading volume of 186,700 shares, the short-interest ratio is currently 0.8 days. Currently, 2.2% of the company's stock are short sold. View PolarityTE's Short Interest. When is PolarityTE's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 29th 2023. View our PTE earnings forecast. How were PolarityTE's earnings last quarter? PolarityTE, Inc. (NASDAQ:PTE) posted its earnings results on Thursday, November, 10th. The company reported ($0.75) EPS for the quarter, beating analysts' consensus estimates of ($1.21) by $0.46. PolarityTE had a negative trailing twelve-month return on equity of 159.54% and a negative net margin of 451.82%. When did PolarityTE's stock split? PolarityTE shares 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 market closes 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." Who are PolarityTE's major shareholders? PolarityTE's stock is owned by a number of retail and institutional investors. Top institutional investors include Concourse Financial Group Securities Inc. (0.00%). Insiders that own company stock include Cameron J Hoyler, David B Seaburg, David B Seaburg, David M Rothenstein, Jeffrey Hansen Dyer, Paul Elliot Mann, Peter A Cohen and Richard Hague. View institutional ownership trends. 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 $0.81. How much money does PolarityTE make? PolarityTE (NASDAQ:PTE) has a market capitalization of $5.86 million and generates $9.40 million in revenue each year. The company earns $-30,190,000.00 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 2/7/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. 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