Artelo Biosciences (NASDAQ:ARTL) released its earnings results on Wednesday. The company reported ($0.14) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.10) by ($0.04), MarketWatch Earnings reports.
Shares of ARTL stock traded down $0.04 during trading hours on Friday, reaching $0.97. 33,614 shares of the stock were exchanged, compared to its average volume of 5,222,977. The business’s fifty day moving average is $0.71 and its two-hundred day moving average is $0.85. Artelo Biosciences has a 12-month low of $0.45 and a 12-month high of $4.42. The firm has a market capitalization of $14.63 million, a P/E ratio of -0.79 and a beta of 2.52.
Separately, Maxim Group upgraded shares of Artelo Biosciences from a “hold” rating to a “buy” rating in a research note on Thursday, January 7th.
Artelo Biosciences, Inc, a clinical stage biopharmaceutical company, focuses on developing and commercializing treatments to modulate the endocannabinoid system. Its product candidate pipeline includes ART27.13, a synthetic G protein-coupled receptor agonist, which is in Phase 1 clinical trial for the treatment of anorexia associated with cancer; ART12.11, a synthetic cannabidiol cocrystal for the treatment of inflammatory bowel disease and post-traumatic stress disorder (PTSD); and ART26.12, a fatty acid binding protein 5 inhibitor for prostate and breast cancer treatment, as well as for treating PTSD.
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