In the last trading session, 2.2 million shares of the Palatin Technologies Inc (AMEX:PTN) were traded, and its beta was 0.80. Most recently the company’s share price was $1.05, and it changed around $0.06 or 6.06% from the last close, which brings the market valuation of the company to $20.53M. PTN currently trades at a discount to its 52-week high of $4.65, offering almost -342.86% off that amount. The share price’s 52-week low was $0.68, which indicates that the current value has risen by an impressive 35.24% since then. We note from Palatin Technologies Inc’s average daily trading volume that its 10-day average is 2.57 million shares, with the 3-month average coming to 745.67K.
Palatin Technologies Inc stock received a consensus recommendation rating of Overweight, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended PTN as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. Palatin Technologies Inc is expected to report earnings per share of -0.42 for the current quarter.
Palatin Technologies Inc (AMEX:PTN) trade information
Instantly PTN has showed a green trend with a performance of 6.06% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 1.3800 on recent trading dayincreased the stock’s daily price by 23.91%. The company’s shares are currently down -5.41% year-to-date, but still up 15.19% over the last five days. On the other hand, Palatin Technologies Inc (AMEX:PTN) is -13.22% down in the 30-day period. We can see from the shorts that 1.17 million shares have been sold at a short interest cover period of 4.47 day(s).
Palatin Technologies Inc (PTN) estimates and forecasts
The year-over-year growth rate is expected to be -100.00%, down from the previous year.
Analysts predict that the company’s current quarter sales will drop, forecast at -100.00%. Forecasts for the next quarter put sales growth at 0.00%.
PTN Dividends
Palatin Technologies Inc’s next quarterly earnings report is expected to be released in March.
Palatin Technologies Inc (AMEX:PTN)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 3.50% of Palatin Technologies Inc shares, and 7.88% of them are in the hands of institutional investors. The stock currently has a share float of 8.17%. Palatin Technologies Inc stock is held by 40.0 institutions, with NBT BANK N A /NY being the largest institutional investor. By 2024-06-30, it held 0.0005% of the shares, which is about 80.0 shares worth $156.0.
