Artelo Biosciences (ARTL) Stock Price, News & Analysis

Company Overview

Artelo Biosciences, Inc., a clinical stage biopharmaceutical company, develops and commercializes therapeutics that target lipid-signaling pathways in the United States. It's product candidate pipeline includes ART27.13, a synthetic dual cannabinoid G protein-coupled receptor agonist, which is in Phase 1b/2a clinical trial for the treatment of anorexia associated with cancer; ART12.11, a synthetic cannabidiol cocrystal for the treatment anxiety, post-traumatic stress disorder, epilepsy, inflammatory bowel disease, and other potential indications; and ART26.12, a fatty acid binding protein 5 inhibitor for treating chemotherapy induced peripheral neuropathy, diabetic neuropathy, prostate cancer and breast cancer, pain, dermatologic conditions, and anxiety disorders. The company was formerly known as Reactive Medical, Inc. and changed its name to Artelo Biosciences, Inc. in April 2017. Artelo Biosciences, Inc. was incorporated in 2011 and is based in Solana Beach, California.

Key Stats

• Today's Range: $1.15 to $1.23
• 50-Day Range: $1.06 to $1.31
• 52-Week Range: $1.00 to $1.75
• Volume: 17,885 shs
• Average Volume: 34,031 shs
• Market Capitalization: $3.84 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $5.00
• Consensus Rating: Strong Buy

Artelo Biosciences Stock Analysis - MarketRank™

Artelo Biosciences scored higher than 74% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.8 / 5
• Analyst Rating: Strong Buy

Consensus Rating

Artelo Biosciences has received a consensus rating of Strong Buy. The company's average rating score is 3.50, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Artelo Biosciences has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Artelo Biosciences are expected to grow in the coming year, from ($2.41) to ($1.58) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Artelo Biosciences is -0.36, 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 Artelo Biosciences is -0.36, 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

Artelo Biosciences has a P/B Ratio of 0.29. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.85% of the float of Artelo Biosciences has been sold short.

Short Interest Ratio / Days to Cover

Artelo Biosciences has a short interest ratio ("days to cover") of 3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Artelo Biosciences has recently decreased by 18.32%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Artelo Biosciences does not currently pay a dividend.

Dividend Growth

Artelo Biosciences does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.85% of the float of Artelo Biosciences has been sold short.

Short Interest Ratio / Days to Cover

Artelo Biosciences has a short interest ratio ("days to cover") of 3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Artelo Biosciences has recently decreased by 18.32%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.6 / 5
• News Sentiment: N/A

News Sentiment

Artelo Biosciences has a news sentiment score of 1.44. 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 0.68 average news sentiment score of Medical companies.

News Coverage This Week

MarketBeat has tracked 1 news article for Artelo Biosciences this week, compared to 0 articles on an average week.

MarketBeat Follows

1 people have added Artelo Biosciences to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Artelo Biosciences insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 6.90% of the stock of Artelo Biosciences is held by insiders.

Percentage Held by Institutions

Only 0.87% of the stock of Artelo Biosciences is held by institutions.

ARTL Stock Analysis - Frequently Asked Questions

How have ARTL shares performed this year?

Artelo Biosciences' stock was trading at $1.40 at the beginning of the year. Since then, ARTL shares have decreased by 15.0% and is now trading at $1.19.
View the best growth stocks for 2024 here.

How were Artelo Biosciences' earnings last quarter?

Artelo Biosciences, Inc. (NASDAQ:ARTL) issued its quarterly earnings results on Tuesday, August, 13th. The company reported ($0.75) EPS for the quarter, beating the consensus estimate of ($0.85) by $0.10.

When did Artelo Biosciences' stock split?

Artelo Biosciences's stock reverse split before market open on Wednesday, August 10th 2022. The 1-15 reverse split was announced on Wednesday, August 10th 2022. The number of shares owned by shareholders was adjusted after the closing bell on Wednesday, August 10th 2022. An investor that had 100 shares of stock prior to the reverse split would have 7 shares after the split.

How do I buy shares of Artelo Biosciences?

Shares of ARTL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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What other stocks do shareholders of Artelo Biosciences own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Artelo Biosciences investors own include Meta Platforms (META), NVIDIA (NVDA), Broadcom (AVGO), CrowdStrike (CRWD), Palantir Technologies (PLTR), Advanced Micro Devices (AMD) and Arista Networks (ANET).

Company Calendar

• Last Earnings: 8/13/2024
• Today: 10/31/2024
• Next Earnings (Estimated): 11/11/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Medical
• Industry: Pharmaceutical preparations
• Sub-Industry: Pharmaceutical Products
• Current Symbol: NASDAQ:ARTL
• CUSIP: N/A
• CIK: 1621221
• Web: www.artelobio.com
• Phone: (858) 925-7049
• Fax: N/A
• Employees: 5
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $5.00
• High Stock Price Target: $5.00
• Low Stock Price Target: $5.00
• Potential Upside/Downside: +334.8%
• Consensus Rating: Strong Buy
• Rating Score (0-4): 3.50
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($3.35)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-9,290,000.00
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: -96.88%
• Return on Assets: -88.56%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 6.56
• Quick Ratio: 6.56

Sales & Book Value

• Annual Sales: N/A
• Price / Sales: N/A
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $4.12 per share
• Price / Book: 0.28

Miscellaneous

• Outstanding Shares: 3,228,000
• Free Float: 3,005,000
• Market Cap: $3.71 million
• Optionable: Not Optionable
• Beta: 1.36