Currently, there are 28.15M common shares owned by the public and among those 27.33M shares have been available to trade.
The company’s stock has a 5-day price change of 40.00% and -78.21% over the past three months. PTN shares are trading -79.19% year to date (YTD), with the 12-month market performance down to -87.84% lower. It has a 12-month low price of $0.16 and touched a high of $2.48 over the same period. PTN has an average intraday trading volume of 2.33 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -50.20%, -67.97%, and -78.91% respectively.
Institutional ownership of Palatin Technologies Inc (AMEX: PTN) shares accounts for 13.11% of the company’s 28.15M shares outstanding.
It has a market capitalization of $6.50M and a beta (3y monthly) value of 1.19. The earnings-per-share (ttm) stands at -$1.54. Price movements for the stock have been influenced by the stock’s volatility, which stands at 24.49% over the week and 22.53% over the month.
Analysts forecast that Palatin Technologies Inc (PTN) will achieve an EPS of -0.17 for the current quarter, -0.19 for the next quarter and 0 for current fiscal year. The lowest estimate earnings-per-share for the quarter is -0.17 while analysts give the company a high EPS estimate of -0.17. Comparatively, EPS for the current quarter was -0.53 a year ago.
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.
