Palatin Technologies Inc (AMEX: PTN) is -84.68% 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 $0.18 in the last trading session, with the day’s loss setting it -0.01%.
Currently trading at $0.17, the stock is -28.96% and -68.78% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.61 million and changing -5.45% at the moment leaves the stock -83.15% off its SMA200. PTN registered -91.71% loss for a year compared to 6-month loss of -86.29%.
The stock witnessed a -66.76% gain in the last 1 month and extending the period to 3 months gives it a -78.75%, and is -17.07% 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 13.00% over the week and 20.73% over the month.
Palatin Technologies Inc (PTN) has around 30 employees, a market worth around $4.78M and $0.35M in sales. Profit margin for the company is -7700.63%. Distance from 52-week low is 5.92% and -93.15% from its 52-week high.
The EPS is expected to grow by 50.99% this year.
Palatin Technologies Inc (PTN) Top Institutional Holders
The shares outstanding are 28.15M, and float is at 27.33M with Short Float at 29.26%.
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.
