In today’s recent session, 5.29 million shares of the Palatin Technologies Inc (AMEX:PTN) have been traded, and its beta is 0.79. Most recently the company’s share price was $0.79, and it changed around $0.04 or 4.48% from the last close, which brings the market valuation of the company to $20.46M. PTN at last check was trading at a discount to its 52-week high of $2.88, offering almost -264.56% off that amount. The share price’s 52-week low was $0.68, which indicates that the recent value has risen by an impressive 13.92% since then. We note from Palatin Technologies Inc’s average daily trading volume that its 10-day average is 0.34 million shares, with the 3-month average coming to 820.87K.
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 -0.17 for the current quarter.
Palatin Technologies Inc (AMEX:PTN) trade information
Instantly PTN has been showing a green trend so far today with a performance of 4.48% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 0.8400 on recent trading dayincreased the stock’s daily price by 5.95%. The company’s shares are currently down -29.14% year-to-date, but still down -1.06% over the last five days. On the other hand, Palatin Technologies Inc (AMEX:PTN) is -17.20% down in the 30-day period. We can see from the shorts that 1.49 million shares have been sold at a short interest cover period of 0.97 day(s).
Palatin Technologies Inc (AMEX:PTN)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 2.63% of Palatin Technologies Inc shares, and 14.18% of them are in the hands of institutional investors. The stock currently has a share float of 14.56%. Palatin Technologies Inc stock is held by 44.0 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.
Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund were the top two Mutual Funds as of Dec 31, 2024. The former held 426.85 shares worth $0.34 million, making up 1.64% of all outstanding shares. On the other hand, Vanguard Extended Market Index Fund held roughly 154.45 shares worth around $0.12 million, which represents about 0.59% of the total shares outstanding.
