Palatin Technologies Inc (AMEX: PTN) is -78.39% lower on its value in year-to-date trading and has touched a low of $0.68 and a high of $5.65 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PTN stock was last observed hovering at around $0.75 in the last trading session, with the day’s gains setting it 0.11%.
Currently trading at $0.86, the stock is -10.20% and -16.13% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.09 million and changing 14.67% at the moment leaves the stock -43.10% off its SMA200. PTN registered -64.46% loss for a year compared to 6-month loss of -54.50%. The firm has a 50-day simple moving average (SMA 50) of $1.0254 and a 200-day simple moving average (SMA200) of $1.5115.
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The stock witnessed a -7.53% gain in the last 1 month and extending the period to 3 months gives it a -32.81%, and is 0.48% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 12.22% over the week and 12.85% over the month.
Palatin Technologies Inc (PTN) has around 30 employees, a market worth around $16.81M and $2.38M in sales. Profit margin for the company is -1357.06%. Distance from 52-week low is 26.47% and -84.78% from its 52-week high.
The EPS is expected to grow by 17.82% this year, but quarterly earnings will post -100.00% year-over-year. Quarterly sales are estimated to shrink -100.00% in year-over-year returns.
40.0 institutions hold shares in Palatin Technologies Inc (PTN), with institutional investors hold 8.17% of the company’s shares. The shares outstanding are 19.55M, and float is at 18.79M with Short Float at 5.40%. Institutions hold 7.88% of the Float.
The top institutional shareholder in the company is NBT BANK N A /NY with over 80.0 shares valued at $156.0. The investor’s holdings represent 0.0005 of the PTN Shares outstanding.
Palatin Technologies Inc (PTN) Insider Activity
The most recent transaction is an insider sale by WILLS STEPHEN T, the company’s Executive VP and CFO/COO. SEC filings show that WILLS STEPHEN T sold 4,999 shares of the company’s common stock on Aug 01 ’24 at a price of $1.66 per share for a total of $8274.0. Following the sale, the insider now owns 0.24 million shares.
Palatin Technologies Inc disclosed in a document filed with the SEC on Apr 11 ’24 that DEVEER ROBERT K JR (Director) bought a total of 6,000 shares of the company’s common stock. The trade occurred on Apr 11 ’24 and was made at $2.12 per share for $12703.0. Following the transaction, the insider now directly holds 40845.0 shares of the PTN stock.
Still, SEC filings show that on Mar 06 ’24, DEVEER ROBERT K JR (Director) disposed off 11,700 shares at an average price of $2.00 for $23434.0. The insider now directly holds 34,845 shares of Palatin Technologies Inc (PTN).
