During the last session, Palatin Technologies Inc (AMEX:PTN)’s traded shares were 0.35 million, with the beta value of the company hitting 0.94. At the end of the trading day, the stock’s price was $1.20, reflecting an intraday loss of -3.23% or -$0.04. The 52-week high for the PTN share is $5.65, that puts it down -370.83 from that peak though still a striking 43.33% gain since the share price plummeted to a 52-week low of $0.68. The company’s market capitalization is $23.46M, and the average intraday trading volume over the past 10 days was 0.28 million shares, and the average trade volume was 268.44K shares over the past three months.
Palatin Technologies Inc (PTN) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. PTN has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it.
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Palatin Technologies Inc (AMEX:PTN) trade information
Palatin Technologies Inc (PTN) registered a -3.23% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -3.23% in intraday trading to $1.20, hitting a weekly high. The stock’s 5-day price performance is 10.09%, and it has moved by 44.93% in 30 days. Based on these gigs, the overall price performance for the year is -43.13%. The short interest in Palatin Technologies Inc (AMEX:PTN) is 1.27 million shares and it means that shorts have 2.96 day(s) to cover.
Palatin Technologies Inc (PTN) estimates and forecasts
Statistics show that Palatin Technologies Inc has underperformed its competitors in share price, compared to the industry in which it operates. Palatin Technologies Inc (PTN) shares have gone down -43.13% during the last six months, with a year-to-date growth rate less than the industry average at -0.50% against 17.10.
While earnings are projected to return -0.50% in 2024.
PTN Dividends
Palatin Technologies Inc is due to release its next quarterly earnings on 2024-Nov-12. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Palatin Technologies Inc (AMEX:PTN)’s Major holders
Palatin Technologies Inc insiders own 3.50% of total outstanding shares while institutional holders control 15.18%, with the float percentage being 15.73%. NBT BANK N A /NY is the largest shareholder of the company, while 39.0 institutions own stock in it. As of 2024-06-30, the company held over 80.0 shares (or 0.0005% of all shares), a total value of $156.0 in shares.
