Palatin Technologies Inc. (AMEX: PTN) closed the day trading at $1.84 down -2.65% from the previous closing price of $1.89. In other words, the price has decreased by -$0.0500 from its previous closing price. On the day, 504940 shares were traded.
Ratios:
For a better understanding of PTN, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.09 and its Current Ratio is at 1.09.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Canaccord Genuity on June 05, 2015, Reiterated its Buy rating but revised its target price to $6 from $4 previously.
On January 12, 2015, ROTH Capital reiterated its Buy rating and also upped its target price recommendation from $6 to $4.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 06 ’24 when DEVEER ROBERT K JR sold 11,700 shares for $2.00 per share. The transaction valued at 23,434 led to the insider holds 34,845 shares of the business.
WILLS STEPHEN T sold 4,998 shares of PTN for $12,563 on Dec 06 ’23. The Executive VP and CFO/COO now owns 327,522 shares after completing the transaction at $2.51 per share. On Dec 04 ’23, another insider, DUNTON ALAN W, who serves as the Director of the company, sold 200 shares for $2.48 each. As a result, the insider received 496 and left with 45,074 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PTN now has a Market Capitalization of 29.69M and an Enterprise Value of 21.03M. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.18. Its current Enterprise Value per Revenue stands at 2.96 whereas that against EBITDA is -0.61.
Stock Price History:
Over the past 52 weeks, PTN has reached a high of $5.65, while it has fallen to a 52-week low of $1.43. The 50-Day Moving Average of the stock is 3.3630, while the 200-Day Moving Average is calculated to be 2.4470.
Shares Statistics:
Over the past 3-months, PTN traded about 572.51K shares per day on average, while over the past 10 days, PTN traded about 1.06M shares per day. A total of 16.14M shares are outstanding, with a floating share count of 15.34M. Insiders hold about 4.92% of the company’s shares, while institutions hold 10.71% stake in the company. Shares short for PTN as of Feb 15, 2024 were 541.7k with a Short Ratio of 0.95, compared to 561.57k on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.36% and a Short% of Float of 3.42%.
Earnings Estimates
Current recommendations for the stock of the company come from 3 analysts. On average, analysts expect EPS of -$0.5 for the current quarter, with a high estimate of -$0.35 and a low estimate of -$0.66, while EPS last year was -$0.63. The consensus estimate for the next quarter is -$0.43, with high estimates of -$0.27 and low estimates of -$0.67.
Analysts are recommending an EPS of between -$1.65 and -$3.06 for the fiscal current year, implying an average EPS of -$2.13. EPS for the following year is -$0.96, with 2 analysts recommending between -$0.66 and -$1.26.
Revenue Estimates
A total of 3 analysts have provided revenue estimates for PTN’s current fiscal year. The highest revenue estimate was $4.64M, while the lowest revenue estimate was $4.1M, resulting in an average revenue estimate of $4.29M. In the same quarter a year ago, actual revenue was $4.85M, down -11.60% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $7.48M in the next fiscal year. The high estimate is $11.96M and the low estimate is $3M. The average revenue growth estimate for next year is up 74.40% from the average revenue estimate for this year.
