PolarityTE - PTE Stock Forecast, Price & News

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.

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.

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.
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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.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 29th 2023.
View our PTE earnings forecast.

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%.

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.

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).

PolarityTE trades on the NASDAQ under the ticker symbol "PTE."

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.

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.
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One share of PTE stock can currently be purchased for approximately $0.81.

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.

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.