In last trading session, Palatin Technologies Inc (AMEX:PTN) saw 1.09 million shares changing hands with its beta currently measuring 0.98. Company’s recent per share price level of $0.86 trading at $0.11 or 14.67% at ring of the bell on the day assigns it a market valuation of $16.81M. That closing price of PTN’s stock is at a discount of -556.98% from its 52-week high price of $5.65 and is indicating a premium of 20.93% from its 52-week low price of $0.68. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.56 million shares which gives us an average trading volume of 355.31K if we extend that period to 3-months.
For Palatin Technologies Inc (PTN), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.42 in the current quarter.
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Palatin Technologies Inc (AMEX:PTN) trade information
Upright in the green during last session for gaining 14.67%, in the last five days PTN remained trading in the green while hitting it’s week-highest on Friday, 12/13/24 when the stock touched $0.86 price level, adding 3.51% to its value on the day. Palatin Technologies Inc’s shares saw a change of -78.39% in year-to-date performance and have moved 0.48% in past 5-day. Palatin Technologies Inc (AMEX:PTN) showed a performance of -7.53% in past 30-days. Number of shares sold short was 1.17 million shares which calculate 4.47 days to cover the short interests.
Palatin Technologies Inc (PTN) estimates and forecasts
Statistics highlight that Palatin Technologies Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -54.50% of value to its shares in past 6 months, showing an annual growth rate of 17.82% while that of industry is 17.30. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -100.00% from the last financial year’s standing.
Palatin Technologies Inc (AMEX:PTN)’s Major holders
Insiders are in possession of 3.50% of company’s total shares while institution are holding 7.88 percent of that, with stock having share float percentage of 8.17%. Investors also watch the number of corporate investors in a company very closely, which is 7.88% institutions for Palatin Technologies Inc that are currently holding shares of the company. NBT BANK N A /NY is the top institutional holder at PTN for having 80.0 shares of worth $156.0. And as of 2024-06-30, it was holding 0.0005 of the company’s outstanding shares.
