Currently, there are 16.14M common shares owned by the public and among those 15.45M shares have been available to trade.
The company’s stock has a 5-day price change of 14.77% and -26.55% over the past three months. PTN shares are trading -49.25% year to date (YTD), with the 12-month market performance down to -24.91% lower. It has a 12-month low price of $1.43 and touched a high of $5.65 over the same period. PTN has an average intraday trading volume of 508.91K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 22.24%, -26.15%, and -15.23% respectively.
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Institutional ownership of Palatin Technologies Inc. (AMEX: PTN) shares accounts for 10.71% of the company’s 16.14M shares outstanding.
It has a market capitalization of $32.60M and a beta (3y monthly) value of 0.89. The earnings-per-share (ttm) stands at -$2.58. Price movements for the stock have been influenced by the stock’s volatility, which stands at 17.30% over the week and 11.07% over the month.
Analysts forecast that Palatin Technologies Inc. (PTN) will achieve an EPS of -$0.5 for the current quarter, -$0.43 for the next quarter and -$0.96 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.66 while analysts give the company a high EPS estimate of -$0.35. Comparatively, EPS for the current quarter was -$0.63 a year ago. Earnings per share for the fiscal year are expected to increase by 22.13%, and 55.08% over the next financial year.
Looking at the support for the PTN, a number of firms have released research notes about the stock. Canaccord Genuity stated their Buy rating for the stock in a research note on June 05, 2015, with the firm’s price target at $4-$6. ROTH Capital coverage for the Palatin Technologies Inc. (PTN) stock in a research note released on January 12, 2015 offered a Buy rating with a price target of $4. Noble Financial was of a view on May 23, 2012 that the stock is Buy, while Next Generation gave the stock Buy rating on January 23, 2007, issuing a price target of $5.
