Palatin Technologies Inc (AMEX: PTN) is -47.49% lower on its value in year-to-date trading and has touched a low of $0.62 and a high of $2.88 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 $0.66 in the last trading session, with the day’s loss setting it -0.08%.
Currently trading at $0.58, the stock is -24.09% and -33.70% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.1 million and changing -11.96% at the moment leaves the stock -51.52% off its SMA200. PTN registered -63.57% loss for a year compared to 6-month loss of -38.47%. The firm has a 50-day simple moving average (SMA 50) of $0.8788 and a 200-day simple moving average (SMA200) of $1.2022.
The stock witnessed a -36.15% gain in the last 1 month and extending the period to 3 months gives it a -47.49%, and is -22.58% down 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 12.62% over the week and 9.96% over the month.
Palatin Technologies Inc (PTN) has around 30 employees, a market worth around $15.16M and $0.35M in sales. Profit margin for the company is -7700.63%. Distance from 52-week low is -5.65% and -79.76% from its 52-week high.
The EPS is expected to grow by 50.99% this year, but quarterly earnings will post -100.00% year-over-year. Quarterly sales are estimated to shrink 0.00% in year-over-year returns.
Palatin Technologies Inc (PTN) Top Institutional Holders
44.0 institutions hold shares in Palatin Technologies Inc (PTN), with institutional investors hold 14.56% of the company’s shares. The shares outstanding are 26.01M, and float is at 25.24M with Short Float at 6.04%. Institutions hold 14.18% 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.
