In the last trading session, 2.33 million Palatin Technologies Inc. (AMEX:PTN) shares changed hands as the company’s beta touched 1.00. With the company’s per share price at $0.84 changed hands at -$0.11 or -11.27% during last session, the market valuation stood at $16.28M. PTN’s last price was a discount, traded about -572.62% off its 52-week high of $5.65. The share price had its 52-week low at $0.73, which suggests the last value was 13.1% up since then. When we look at Palatin Technologies Inc.’s average trading volume, we note the 10-day average is 0.63 million shares, with the 3-month average coming to 170.34K.
Analysts gave the Palatin Technologies Inc. (PTN) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended PTN as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Palatin Technologies Inc.’s EPS for the current quarter is expected to be -0.55.
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Palatin Technologies Inc. (AMEX:PTN) trade information
Instantly PTN was in red as seen at the end of in last trading. With action -34.33%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -78.88%, with the 5-day performance at -34.33% in the red. However, in the 30-day time frame, Palatin Technologies Inc. (AMEX:PTN) is -48.43% down. Looking at the short shares, we see there were 1.32 million shares sold at short interest cover period of 8.66 days.
Palatin Technologies Inc. (PTN) estimates and forecasts
Year-over-year growth is forecast to reach -15.10% down from the last financial year.
The company’s revenue for the corresponding quarters a year ago was 1.76M and 2.11M respectively.
The 2024 estimates are for Palatin Technologies Inc. earnings to increase by 0.71%.
PTN Dividends
Palatin Technologies Inc. is expected to release its next quarterly earnings report in October.
Palatin Technologies Inc. (AMEX:PTN)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 5.63% of Palatin Technologies Inc. shares while 18.02% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 19.10%. There are 18.02% institutions holding the Palatin Technologies Inc. stock share, with NBT BANK N A /NY the top institutional holder. As of 2024-06-30, the company held 0.0005% of the shares, roughly 80.0 PTN shares worth $156.0.
