Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
The closing price of Palatin Technologies Inc (AMEX: PTN) was $1.20 for the day, down -0.83% from the previous closing price of $1.21. In other words, the price has decreased by -$0.83 from its previous closing price. On the day, 0.26 million shares were traded. PTN stock price reached its highest trading level at $1.3227 during the session, while it also had its lowest trading level at $1.12.
Ratios:
Our analysis of PTN’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.26 and its Current Ratio is at 0.26.
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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Aug 01 ’24 when WILLS STEPHEN T sold 4,999 shares for $1.66 per share. The transaction valued at 8,274 led to the insider holds 235,456 shares of the business.
DEVEER ROBERT K JR bought 6,000 shares of PTN for $12,703 on Apr 11 ’24. The Director now owns 40,845 shares after completing the transaction at $2.12 per share. On Mar 06 ’24, another insider, DEVEER ROBERT K JR, who serves as the Director of the company, sold 11,700 shares for $2.00 each. As a result, the insider received 23,434 and left with 34,845 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 28146962 and an Enterprise Value of 11979521. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.86. Its current Enterprise Value per Revenue stands at 2.668 whereas that against EBITDA is -0.4.
Stock Price History:
The Beta on a monthly basis for PTN is 0.89, which has changed by -0.566787 over the last 52 weeks, in comparison to a change of 0.23806548 over the same period for the S&P500. Over the past 52 weeks, PTN has reached a high of $5.65, while it has fallen to a 52-week low of $0.68. The 50-Day Moving Average of the stock is 12.53%, while the 200-Day Moving Average is calculated to be -19.05%.
Shares Statistics:
PTN traded an average of 380.00K shares per day over the past three months and 441340 shares per day over the past ten days. A total of 19.55M shares are outstanding, with a floating share count of 18.79M. Insiders hold about 3.89% of the company’s shares, while institutions hold 8.19% stake in the company. Shares short for PTN as of 1730332800 were 1170049 with a Short Ratio of 2.62, compared to 1727654400 on 1349648. Therefore, it implies a Short% of Shares Outstanding of 1170049 and a Short% of Float of 6.12.
Earnings Estimates
Its stock is currently analyzed by 1.0 different market analysts. The consensus estimate for the next quarter is -$0.46, with high estimates of -$0.46 and low estimates of -$0.46.
Analysts are recommending an EPS of between -$1.66 and -$1.66 for the fiscal current year, implying an average EPS of -$1.66.
