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The closing price of Palatin Technologies Inc (AMEX: PTN) was $0.22 for the day, down -0.05% from the previous closing price of $0.22. In other words, the price has decreased by -$0.05 from its previous closing price. On the day, 0.62 million shares were traded. PTN stock price reached its highest trading level at $0.2239 during the session, while it also had its lowest trading level at $0.2096.
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 0.38 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:
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.
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 5666663 and an Enterprise Value of 2607853. For the stock, the TTM Price-to-Sale (P/S) ratio is 17.53. Its current Enterprise Value per Revenue stands at 7.451 whereas that against EBITDA is -0.087.
Stock Price History:
The Beta on a monthly basis for PTN is 0.93, which has changed by -0.89 over the last 52 weeks, in comparison to a change of 0.09765589 over the same period for the S&P500. Over the past 52 weeks, PTN has reached a high of $2.48, while it has fallen to a 52-week low of $0.16. The 50-Day Moving Average of the stock is -62.20%, while the 200-Day Moving Average is calculated to be -78.74%.
Shares Statistics:
PTN traded an average of 2.69M shares per day over the past three months and 2941450 shares per day over the past ten days. A total of 28.15M shares are outstanding, with a floating share count of 27.33M. Insiders hold about 2.93% of the company’s shares, while institutions hold 13.10% stake in the company. Shares short for PTN as of 1744675200 were 7997487 with a Short Ratio of 2.97, compared to 1741910400 on 1523889. Therefore, it implies a Short% of Shares Outstanding of 7997487 and a Short% of Float of 31.280002.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
Earnings Estimates
Current recommendations for the stock of the company come from 1.0 analysts. The consensus estimate for the next quarter is -$0.19, with high estimates of -$0.19 and low estimates of -$0.19.
Analysts are recommending an EPS of between -$0.99 and -$0.99 for the fiscal current year, implying an average EPS of -$0.99.
