In the last trading session, 1.01 million Palatin Technologies Inc (AMEX:PTN) shares changed hands as the company’s beta touched 0.82. With the company’s per share price at $0.80 changed hands at $0.0 or 0.00% during last session, the market valuation stood at $15.64M. PTN’s last price was a discount, traded about -481.25% off its 52-week high of $4.65. The share price had its 52-week low at $0.68, which suggests the last value was 15.0% up since then. When we look at Palatin Technologies Inc’s average trading volume, we note the 10-day average is 0.44 million shares, with the 3-month average coming to 421.02K.
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 -0.42.
Palatin Technologies Inc (AMEX:PTN) trade information
The company’s shares are showing year-to-date downside of -27.93%, with the 5-day performance at -11.39% in the red. However, in the 30-day time frame, Palatin Technologies Inc (AMEX:PTN) is -38.46% down. Looking at the short shares, we see there were 1.17 million shares sold at short interest cover period of 4.47 days.
Palatin Technologies Inc (PTN) estimates and forecasts
Data shows that the Palatin Technologies Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -49.37% over the past 6 months, a 17.82% in annual growth rate that is considerably higher than the industry average of 15.90%. Year-over-year growth is forecast to reach -100.00% down from the last financial year.
The company’s revenue for the corresponding quarters a year ago was 2.03M. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -100.00%. The estimates for the next quarter sales put growth at 0.00%.
The 2025 estimates are for Palatin Technologies Inc earnings to increase by 17.82%.
PTN Dividends
Palatin Technologies Inc is expected to release its next quarterly earnings report in March.
Palatin Technologies Inc (AMEX:PTN)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 3.50% of Palatin Technologies Inc shares while 7.88% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 8.17%. There are 7.88% 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.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. With 426.85 shares estimated at $0.34 million under it, the former controlled 2.18% of total outstanding shares. On the other hand, Vanguard Extended Market Index Fund held about 0.79% of the shares, roughly 154.45 shares worth around $0.12 million.
