Alert: Major Price Advance (11/8/19)-PolarityTE Inc (NASDAQ: PTE).

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On 11/8/19, PolarityTE Inc (NASDAQ: PTE) stock enjoyed a major increase of 10.7%, closing at $3.31. Moreover, this advance was accompanied by above average trading volume at 143% of normal. The stock has been extremely weak relative to the market over the last nine months but has risen 22.1% during the last week.

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Current PriceTarget Research Rating

PTE’s future returns on capital are forecasted to be below the cost of capital. Accordingly, the company is expected to be a major Value Eraser.

PolarityTE has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. PolarityTE has a slightly negative Appreciation Score of 39 and a slightly negative Power Rating of 33, and the Negative Value Trend Rating results.

Rating Review

In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.

About John Lafferty 52821 Articles
During his career, John has developed valuation and stock rating methodologies, managed institutional portfolios and mutual funds, and provided equity research to institutional investors on thousands of companies. He has been Director of Research at PTR since its inception in 2004.

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