In the last trading session, 1.25 million Palatin Technologies Inc (AMEX:PTN) shares changed hands as the company’s beta touched 0.86. With the company’s per share price at $0.44 changed hands at -$0.07 or -13.37% during last session, the market valuation stood at $11.52M. PTN’s last price was a discount, traded about -554.55% off its 52-week high of $2.88. The share price had its 52-week low at $0.45, which suggests the last value was -2.27% down since then. When we look at Palatin Technologies Inc’s average trading volume, we note the 10-day average is 1.68 million shares, with the 3-month average coming to 981.77K.
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 -0.17.
Palatin Technologies Inc (AMEX:PTN) trade information
Instantly PTN was in red as seen at the end of in last trading. With action -23.98%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -60.08%, with the 5-day performance at -23.98% in the red. However, in the 30-day time frame, Palatin Technologies Inc (AMEX:PTN) is -43.55% down. Looking at the short shares, we see there were 1.52 million shares sold at short interest cover period of 3.24 days.
Palatin Technologies Inc (PTN) estimates and forecasts
Year-over-year growth is forecast to reach -100.00% down from the last financial year.
According to analysts, the company will likely register a growth in its current quarter sales, forecast at 0.00%. The estimates for the next quarter sales put growth at -100.00%.
The 2025 estimates are for Palatin Technologies Inc earnings to increase by 50.99%.
PTN Dividends
Palatin Technologies Inc is expected to release its next quarterly earnings report on 2025-Feb-12.
Palatin Technologies Inc (AMEX:PTN)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 2.63% of Palatin Technologies Inc shares while 14.18% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 14.56%. There are 14.18% 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 Dec 31, 2024 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard Extended Market Index Fund . With 426.85 shares estimated at $0.19 million under it, the former controlled 1.64% of total outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard Extended Market Index Fund held about 0.59% of the shares, roughly 154.45 shares worth around $68436.0.
