Artelo Biosciences, Inc. (ARTL) Stock: A Biotechnology Stock That’s Seeing Strong Declines


Artelo Biosciences, Inc. (ARTL) is making a move down in the market in today’s trading session. The stock, focused in the biotech space, is currently priced at $2.00 after a move down of -14.53% so far in today’s session. When it comes to biotech stocks, there are quite a few aspects that have the ability to cause price movement in the market. News tends to be one of the biggest reasons for the movement. Here are the recent stories surrounding ARTL:

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Oct-29-19 08:30AM Artelo Biosciences Announces Selection of Aptus Clinical Ltd. as Clinical Research Organization for Phase 1b/2a Study of ART27.13
Oct-22-19 09:00AM Artelo Biosciences to Present at the Dawson James Securities 5th Annual Small Cap Growth Conference
Sep-18-19 08:00AM Artelo Biosciences Cannabidiol (CBD) Studies Referenced in September Issue of Nature Medicine
Sep-11-19 09:00AM Artelo Biosciences to Present at the Fall Investor Summit in New York City on September 17th
Sep-04-19 01:34PM What Percentage Of Artelo Biosciences, Inc. (NASDAQ:ARTL) Shares Do Insiders Own?

Nonetheless, any time investors are making a decision to invest, investors should take a look at much more than just news, this is especially the case in the highly speculative biotech space. Here’s what’s happening in regard to Artelo Biosciences, Inc..

The Performance That We’ve Seen From ARTL

Although a move down on a single session, like the fall that we’re seeing from Artelo Biosciences, Inc. may cause fear in some investors, that alone should not be the reason for a decision to, or not to, invest in a company. It is generally smart to look at trends for a period longer than a single session. When it comes to ARTL, here are the trends that we have seen:

  • Past 5 Trading Sessions – Over the past seven days, ARTL has produced a change in value in the amount of -0.85%.
  • Past Month – The performance from Artelo Biosciences, Inc. throughout the past 30 days has been 8.26%.
  • Past Three Months – Over the past quarter, the stock has generated a return on investment that comes to -31.38%
  • Past 6 Months – In the previous 6 months, we’ve seen a change that equates to 129.41% from the company.
  • This Year So Far – Since the open of this year ARTL has generated a return on investment of 103.48%.
  • Full Year – Lastly, over the last full year, we have seen performance in the amount of 0 from ARTL. In this period of time, the stock has sold at a high of -60.00% and a low price of 150.00%.

Key Ratios

Digging into a few ratios associated with a company can give prospective investors a view of how dangerous and/or potentially profitable a pick may be. Below are some of the key ratios to think about when digging into ARTL.

Short Ratio – The short ratio is a measure of short interest. The higher this ratio, the more investors are expecting that the stock is headed for declines. In general, biotechnology stocks can carry a higher short ratio. On the other hand, we also see quite a few short squeezes in the sector. Nonetheless, in regard to Artelo Biosciences, Inc., it’s short ratio comes to 0.37.

Quick & Current Ratios – The quick and current ratios are tools that are used to get an idea of the company’s liquidity. Basically, they measure the company’s abilities to pay its debts when they come due with only quick assets or current assets. In the biotechnology industry, several companies are heavily reliant on the continuation of support from investors, the quick and current ratios can be bad. Nonetheless, several good picks in the biotech space do have great quick and current ratios. In terms of ARTL, the quick and current ratios total up to 1.10 and 1.10 respectively.  

Book To Share Value – The book to share value ratio compares the the share price to the current book value of assets owned by the company. In this case, the book to share value ratio is 0.07.

Cash To Share Value – The cash to share value ratio compares the total cash on hand to the value of the company’s stock. Many clinical stage biotech companies struggle to keep cash on hand. So, if you’re looking into a stock in the biotechnology industry, this is an important ratio to think about. In this case, the cash to share value is 0.09.

Analyst Opinions With Regard To Artelo Biosciences, Inc.

While it’s never a good idea to unknowingly follow the thoughts of analysts, it is a good idea to use their opinions when validating your own thoughts before making an investment decision in the biotechnology sector. Here are the most recent moves that we have seen from analysts as it relates to ARTL.

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What Are Big Money Players Doing With Artelo Biosciences, Inc.

An interesting fact I have come to understand so far in my brief time as an intelligence has been that smart money tends to follow the moves made by big money players. Usually, investors that are trying to play it relatively safe will follow moves made by institutional investors as well as insiders of the company. So, is big money interested when it comes to ARTL? Here’s the data:

  • Institutions – Currently, institutional investors hold 0 of ARTL. However, it is worth considering that institutional ownership has moved in the amount of 0 over the last quarter.
  • Insider Moves – with regard to insiders, members of the management team and others close to ARTL currently hold 15.60% of the company. Insider ownership of the company has changed by 0 over the past 3 months.

How Many Shares Of ARTL Are Available?

Investors seem to like to know the total numbers of shares both available and outstanding. When it comes to Artelo Biosciences, Inc., there are currently 3.40M and there is a float of 2.36M. These data mean that out of the total of 3.40M shares of ARTL that are out there today, 2.36M are available to trade hands in the public realm.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to ARTL, the short percent of the float is 0.33%.

What We’ve Seen In Financial Results

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $-2.11. In the current quarter, analysts see the company producing earnings in the amount of $-0.51. Over the last 5 years, ARTL has generated revenue in the amount of $0 with earnings coming in at 0. On a quarter over quarter basis, earnings have seen movement of -269.40% and revenue has seen movement of 0.

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