As of close of business last night, Palatin Technologies Inc.’s stock clocked out at $2.45, down -38.29% from its previous closing price of $3.97. In other words, the price has decreased by -$1.5200 from its previous closing price. On the day, 3921736 shares were traded.
Ratios:
To gain a deeper understanding of PTN’s stock, we examine 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Dec 06 when WILLS STEPHEN T sold 4,998 shares for $2.51 per share. The transaction valued at 12,563 led to the insider holds 327,522 shares of the business.
DUNTON ALAN W sold 200 shares of PTN for $496 on Dec 04. The Director now owns 45,074 shares after completing the transaction at $2.48 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 64.06M and an Enterprise Value of 55.40M. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.57. Its current Enterprise Value per Revenue stands at 7.81 whereas that against EBITDA is -1.60.
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 3.4660, while the 200-Day Moving Average is calculated to be 2.4634.
Shares Statistics:
It appears that PTN traded 445.01K shares on average per day over the past three months and 689.76k shares per day over the past ten days. 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 1.22, 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
As of right now, 3 analysts gave their recommendation on the stock of the company. 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.
