Palatin Technologies Inc (AMEX: PTN) is -79.19% lower on its value in year-to-date trading and has touched a low of $0.16 and a high of $2.48 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 $0.22 in the last trading session, with the day’s gains setting it 0.01%.
Currently trading at $0.23, the stock is -50.20% and -67.97% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.74 million and changing 5.00% at the moment leaves the stock -78.91% off its SMA200. PTN registered -87.84% loss for a year compared to 6-month loss of -75.43%. The firm has a 50-day simple moving average (SMA 50) of $0.721 and a 200-day simple moving average (SMA200) of $1.09545.
The stock witnessed a -69.70% gain in the last 1 month and extending the period to 3 months gives it a -78.21%, and is 40.00% 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 24.49% over the week and 22.53% over the month.
Palatin Technologies Inc (PTN) has around 30 employees, a market worth around $6.50M and $0.35M in sales. Profit margin for the company is -7700.63%. Distance from 52-week low is 43.93% and -90.69% 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
42.0 institutions hold shares in Palatin Technologies Inc (PTN), with institutional investors hold 14.56% of the company’s shares. The shares outstanding are 28.15M, and float is at 27.33M with Short Float at 8.57%. 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.
