Artelo BiosciencesARTL
About: Artelo Biosciences Inc is a United States-based development-stage biopharmaceutical company. It is engaged in development of therapeutics that target lipid signaling pathways, including the endocannabinoid system, a family of receptors and neurotransmitters that form a biochemical communication network in body. It is focused on discovering, licensing, developing, and commercializing treatments that control endocannabinoid systems. The company pursues technologies and programs that offer proprietary approaches to cannabinoid-based therapies, also those derived from the cannabis plant and synthetic cannabinoids, as well as new chemical entities and compounds. The firm's flagship program is designed to be a patent-protected cannabinoid drug combination treatment for a rare and orphan disease.
Employees: 6
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
0.1% less ownership
Funds ownership: 0.8% [Q2] → 0.7% (-0.1%) [Q3]
17% less funds holding
Funds holding: 6 [Q2] → 5 (-1) [Q3]
28% less capital invested
Capital invested by funds: $35.7K [Q2] → $25.6K (-$10.1K) [Q3]
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 1
100% less repeat investments, than reductions
Existing positions increased: 0 | Existing positions reduced: 3
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
D. Boral Capital Jason Kolbert 25% 1-year accuracy 38 / 150 met price target | 533%upside $6 | Buy Maintained | 9 Dec 2024 |
HC Wainwright & Co. Vernon Bernardino 32% 1-year accuracy 19 / 59 met price target | 428%upside $5 | Buy Reiterated | 9 Dec 2024 |
EF Hutton Jason Kolbert 25% 1-year accuracy 38 / 150 met price target | 533%upside $6 | Buy Initiated | 1 Oct 2024 |