Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
The price of Palatin Technologies Inc (AMEX: PTN) closed at $0.95 in the last session, down -5.00% from day before closing price of $1.00. In other words, the price has decreased by -$5.00 from its previous closing price. On the day, 0.53 million shares were traded.
Ratios:
We take a closer look at PTN’s different ratios to gain a better understanding of the stock. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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:
For the stock, the TTM Price-to-Sale (P/S) ratio is 70.60.
Stock Price History:
Over the past 52 weeks, PTN has reached a high of $3.99, while it has fallen to a 52-week low of $0.68. The 50-Day Moving Average of the stock is -5.38%, while the 200-Day Moving Average is calculated to be -29.91%.
Shares Statistics:
A total of 26.01M shares are outstanding, with a floating share count of 24.99M. Insiders hold about 3.89% of the company’s shares, while institutions hold 14.19% stake in the company.
