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After finishing at $0.51 in the prior trading day, Palatin Technologies Inc (AMEX: PTN) closed at $0.44, down -13.37%. In other words, the price has decreased by -$13.37 from its previous closing price. On the day, 1.25 million shares were traded. PTN stock price reached its highest trading level at $0.5214 during the session, while it also had its lowest trading level at $0.4005.
Ratios:
Our goal is to gain a better understanding of PTN by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.38 and its Current Ratio is at 0.38.
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 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.
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 11523170 and an Enterprise Value of 10243170. For the stock, the TTM Price-to-Sale (P/S) ratio is 32.92. Its current Enterprise Value per Revenue stands at 29.266 whereas that against EBITDA is -0.341.
Stock Price History:
The Beta on a monthly basis for PTN is 0.86, which has changed by -0.78846157 over the last 52 weeks, in comparison to a change of -0.028342128 over the same period for the S&P500. Over the past 52 weeks, PTN has reached a high of $2.88, while it has fallen to a 52-week low of $0.45. The 50-Day Moving Average of the stock is -46.54%, while the 200-Day Moving Average is calculated to be -62.02%.
Shares Statistics:
The stock has traded on average 981.77K shares per day over the past 3-months and 1682350 shares per day over the last 10 days, according to various share statistics. A total of 26.01M shares are outstanding, with a floating share count of 25.24M. Insiders hold about 2.93% of the company’s shares, while institutions hold 14.19% stake in the company. Shares short for PTN as of 1741910400 were 1523889 with a Short Ratio of 1.55, compared to 1739491200 on 1284157. Therefore, it implies a Short% of Shares Outstanding of 1523889 and a Short% of Float of 5.96.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
