Palatin Technologies Inc (PTN) concluded trading on Wednesday at a closing price of $0.09, with 14.57 million shares of worth about $1.31 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -92.16% during that period and on May 07, 2025 the price saw a loss of about -44.65%. Currently the company’s common shares owned by public are about 28.15M shares, out of which, 27.33M shares are available for trading.
Stock saw a price change of -52.95% in past 5 days and over the past one month there was a price change of -78.76%. Year-to-date (YTD), PTN shares are showing a performance of -91.52% which decreased to -95.54% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.16 but also hit the highest price of $2.48 during that period. The average intraday trading volume for Palatin Technologies Inc shares is 2.51 million. The stock is currently trading -57.60% below its 20-day simple moving average (SMA20), while that difference is down -82.18% for SMA50 and it goes to -90.60% lower than SMA200.
Palatin Technologies Inc (AMEX: PTN) currently have 28.15M outstanding shares and institutions hold larger chunk of about 13.14% of that.
The stock has a current market capitalization of $2.65M and its 3Y-monthly beta is at 0.94. It has posted earnings per share of -$1.54 in the same period. It has Quick Ratio of 0.38. 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 15.73% while standing at 20.42% over the month.
Stock’s fiscal year EPS is expected to rise by 50.99%.
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.
