Artelo Biosciences (ARTL) Expected to Announce Earnings on Monday

Artelo Biosciences (NASDAQ:ARTL) is anticipated to release its earnings data before the market opens on Monday, March 24th. Analysts expect Artelo Biosciences to post earnings of ($0.74) per share for the quarter.

Artelo Biosciences (NASDAQ:ARTL) last issued its quarterly earnings results on Monday, March 3rd. The company reported ($1.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.74) by ($0.43). On average, analysts expect Artelo Biosciences to post $-3 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

Artelo Biosciences Stock Up 5.2 %

Shares of ARTL stock opened at $1.04 on Friday. The business has a 50-day moving average price of $1.14 and a two-hundred day moving average price of $1.13. Artelo Biosciences has a 12-month low of $0.91 and a 12-month high of $1.60. The firm has a market cap of $3.41 million, a P/E ratio of -0.36 and a beta of 1.06.

Wall Street Analysts Forecast Growth

ARTL has been the subject of several research analyst reports. LADENBURG THALM/SH SH raised shares of Artelo Biosciences to a “strong-buy” rating in a research note on Wednesday, December 25th. D. Boral Capital restated a “buy” rating and set a $6.00 target price on shares of Artelo Biosciences in a report on Thursday, February 27th. Finally, HC Wainwright reiterated a “buy” rating and issued a $5.00 price target on shares of Artelo Biosciences in a report on Tuesday, March 4th.

About Artelo Biosciences

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.