Palatin Technologies Inc (AMEX:PTN) has a beta value of 0.86 and has seen 2.1 million shares traded in the last trading session. The company, currently valued at $15.16M, closed the last trade at $0.58 per share which meant it lost -$0.08 on the day or -11.96% during that session. The PTN stock price is -396.55% off its 52-week high price of $2.88 and -6.9% below the 52-week low of $0.62. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.34 million shares traded. The 3-month trading volume is 941.80K shares.
The consensus among analysts is that Palatin Technologies Inc (PTN) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 1 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.17.
Palatin Technologies Inc (AMEX:PTN) trade information
Sporting -11.96% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the PTN stock price touched $0.58 or saw a rise of 30.53%. Year-to-date, Palatin Technologies Inc shares have moved -47.49%, while the 5-day performance has seen it change -22.58%. Over the past 30 days, the shares of Palatin Technologies Inc (AMEX:PTN) have changed -36.15%. Short interest in the company has seen 1.52 million shares shorted with days to cover at 3.24.
Palatin Technologies Inc (PTN) estimates and forecasts
The company’s shares have lost -38.47% over the past 6 months. Revenue growth from the last financial year stood is estimated to be -100.00%.
PTN Dividends
Palatin Technologies Inc is expected to release its next earnings report on 2025-Feb-12 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Palatin Technologies Inc (AMEX:PTN)’s Major holders
Insiders own 2.63% of the company shares, while shares held by institutions stand at 14.18% with a share float percentage of 14.56%. Investors are also buoyed by the number of investors in a company, with Palatin Technologies Inc having a total of 44.0 institutions that hold shares in the company. The top two institutional holders are NBT BANK N A /NY with over 80.0 shares worth more than $156.0. As of 2024-06-30, NBT BANK N A /NY held 0.0005% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard Extended Market Index Fund . As of Dec 31, 2024 , the former fund manager holds about 1.64% shares in the company for having 426.85 shares of worth $0.25 million while later fund manager owns 154.45 shares of worth $90028.0 as of Dec 31, 2024 , which makes it owner of about 0.59% of company’s outstanding stock.
