Palatin Technologies Inc (PTN) concluded trading on Thursday at a closing price of $0.99, with 18.99 million shares of worth about $18.8 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -27.74% during that period and on February 06, 2025 the price saw a gain of about 14.32%. Currently the company’s common shares owned by public are about 19.55M shares, out of which, 18.79M shares are available for trading.
Stock saw a price change of 10.00% in past 5 days and over the past one month there was a price change of -25.00%. Year-to-date (YTD), PTN shares are showing a performance of -10.81% which decreased to -75.68% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.68 but also hit the highest price of $4.65 during that period. The average intraday trading volume for Palatin Technologies Inc shares is 437.29K. The stock is currently trading 0.54% above its 20-day simple moving average (SMA20), while that difference is down -2.01% for SMA50 and it goes to -29.40% lower than SMA200.
Palatin Technologies Inc (AMEX: PTN) currently have 19.55M outstanding shares and institutions hold larger chunk of about 8.45% of that.
The stock has a current market capitalization of $19.35M and its 3Y-monthly beta is at 0.81. It has posted earnings per share of -$1.97 in the same period. It has Quick Ratio of 0.26. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for PTN, volatility over the week remained 19.63% while standing at 13.17% over the month.
Analysts are in expectations that Palatin Technologies Inc (PTN) stock would likely to be making an EPS of -0.42 in the current quarter, while forecast for next quarter EPS is -0.46 and it is 0 for next year. For the current quarter EPS, analysts have given the company a lowest target -0.42 which is -0.42 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -0.56 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 17.82%.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Canaccord Genuity on June 05, 2015 offering a Buy rating for the stock and assigned a target price range of between $4 and $6 to it. Coverage by ROTH Capital stated Palatin Technologies Inc (PTN) stock as a Buy in their note to investors on January 12, 2015, suggesting a price target of $4 for the stock. On May 23, 2012, Noble Financial Initiated their recommendations, while on January 23, 2007, Next Generation Initiated their ratings for the stock with a price target of $5.
