Artelo Biosciences Inc. (ARTL) – Don’t Be So Quick to Call it Dead

Artelo Biosciences Inc. (NASDAQ: ARTL) is 43.84% higher on its value in year-to-date trading and has touched a low of $0.45 and a high of $4.42 in the current 52-week trading range. The ARTL stock was last observed hovering at around $1.00 in the last trading session, with the day’s gains setting it 0.05% off its average median price target of $3.00 for the next 12 months. It is also 65.0% off the consensus price target high of $3.00 offered by 1 analysts, but current levels are 65.0% higher than the price target low of $3.00 for the same period.

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Currently trading at $1.05, the stock is 50.27% and 71.82% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.76 million and changing 5.00% at the moment leaves the stock 7.92% off its SMA200. ARTL registered -58.82% loss for a year compared to 6-month loss of -15.66%. The firm has a 50-day simple moving average (SMA 50) of $0.6754 and a 200-day simple moving average (SMA200) of $0.8636.

The stock witnessed a 73.30% gain in the last 1 month and extending the period to 3 months gives it a 15.38%, and is 43.84% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 18.65% over the week and 12.77% over the month.

Distance from 52-week low is 132.82% and -76.26% from its 52-week high.

Artelo Biosciences Inc. (ARTL) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Artelo Biosciences Inc. (ARTL) is a “Buy”. 1 analysts offering their recommendations for the stock have an average rating of 2.00, where 0 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Artelo Biosciences Inc. is expected to release its quarterly report on 04/20/2021 and quarterly earnings per share for the current quarter are estimated at -$0.1.The EPS is expected to shrink by -25.60% this year.

Artelo Biosciences Inc. (ARTL) Top Institutional Holders

8 institutions hold shares in Artelo Biosciences Inc. (ARTL), with 1.18M shares held by insiders accounting for 7.82% while institutional investors hold 31.30% of the company’s shares. The shares outstanding are 15.11M, and float is at 10.37M with Short Float at 5.72%. Institutions hold 28.85% of the Float.

Artelo Biosciences Inc. (ARTL) Insider Activity

A total of 0 insider transactions have happened at Artelo Biosciences Inc. (ARTL) in the last six months, with sales accounting for 0 and purchases happening 0 times.

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