PolarityTE (NASDAQ:PTE) Downgraded by Zacks Investment Research to Hold

PolarityTE stock has undergone multiple analysts rating changes in the recent past.  PolarityTE Downgraded by Zacks Investment Research on 10/14/2021. In a note to investors, the firm issued a new rating of Hold. The analysts previously had rating of Buy.

Shares of PolarityTE traded up $0.01 on Wednesday, reaching $0.61. 1278 shares of the stock traded hands, compared to its average volume of 667640. Shares of PolarityTE were trading at $0.61 on Wednesday. The firm’s 50 day moving average is $0.72 and its 200 day moving average is $0.99.PolarityTE has a 12 month low of $0.59 and a 12 month high of $1.99. While on yearly highs and lows, PolarityTE’s today has traded high as $0.62 and has touched $0.59 on the downward trend. See More Analyst Rating at: RATING

PolarityTE Earnings and What to expect: 

PolarityTE last released its quarterly earnings results on August 12th, 2021. The reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.04. The business had revenue of $2.54 million for the quarter, compared to analyst estimates of $3.05 million. PolarityTE has generated ($1.14) earnings per share over the last year (($0.73) diluted earnings per share). Earnings for PolarityTE are expected to decrease in the coming year, from ($0.42) to ($0.44) per share. PolarityTE has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Monday, November 8th, 2021 based off prior year’s report dates.

Earnings for PolarityTE are expected to decrease in the coming year, from ($0.42) to ($0.44) per share. The P/E ratio of PolarityTE is -0.84, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of PolarityTE is -0.84, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. PolarityTE has a P/B Ratio of 1.36. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

PolarityTE (NASDAQ:PTE) Moving Average Technical Analysis

5 day Moving Average is $0.60 And 5 day price change is $0.03 (5.81%)  with average volume for 5 day average is 564,260. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $0.66 and 20 day price change is -$0.09 (-12.36%) and average 20 day moving volume is 668,545. 50 day moving average is $0.72  and 50 day price change is -$0.18 ( -22.29%)  and with average volume for 50 days is : 689,014. 200 day moving average is $0.99  and 200 day price change is -$0.05 (-7.05%)  and with average volume for 200 days is : 4,335,000.

Other owners latest trading in PolarityTE :

  • On 9/17/2021 shares held by Virtu Financial LLC were 116,083 which equates to market value of $0.12M and appx 0.00% owners of PolarityTE
  • On 8/23/2021 shares held by Morgan Stanley were 718,498 which equates to market value of $0.73M and appx 0.00% owners of PolarityTE
  • On 8/17/2021 shares held by Millennium Management LLC were 253,741 which equates to market value of $0.26M and appx 0.00% owners of PolarityTE
  • In total Institutional ownership equates to Institutional Ownership Percentage: 13.67% for PolarityTE

See More Analyst Rating at: RATING