Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
In the latest session, Artelo Biosciences Inc (NASDAQ: ARTL) closed at $1.65 down -8.33% from its previous closing price of $1.8. In other words, the price has decreased by -$8.33 from its previous closing price. On the day, 14.39 million shares were traded. ARTL stock price reached its highest trading level at $1.95 during the session, while it also had its lowest trading level at $1.6201.
Ratios:
For a deeper understanding of Artelo Biosciences Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.38 and its Current Ratio is at 0.38.
On February 12, 2021, Ladenburg Thalmann started tracking the stock assigning a Buy rating and target price of $7.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ARTL now has a Market Capitalization of 3330930 and an Enterprise Value of 2564931.
Stock Price History:
The Beta on a monthly basis for ARTL is 1.01, which has changed by -0.7413793 over the last 52 weeks, in comparison to a change of 0.12415576 over the same period for the S&P500. Over the past 52 weeks, ARTL has reached a high of $28.60, while it has fallen to a 52-week low of $1.52. The 50-Day Moving Average of the stock is -48.65%, while the 200-Day Moving Average is calculated to be -75.47%.
Shares Statistics:
For the past three months, ARTL has traded an average of 391.71K shares per day and 1032850 over the past ten days. A total of 2.02M shares are outstanding, with a floating share count of 2.01M. Insiders hold about 0.61% of the company’s shares, while institutions hold 1.64% stake in the company. Shares short for ARTL as of 1763078400 were 204169 with a Short Ratio of 0.52, compared to 1760486400 on 48626. Therefore, it implies a Short% of Shares Outstanding of 204169 and a Short% of Float of 10.14.
