In the past week, PTN stock has gone up by 15.43%, with a monthly decline of -23.67% and a quarterly plunge of -52.17%. The volatility ratio for the week is 9.07%, and the volatility levels for the last 30 days are 10.44% for Palatin Technologies Inc. The simple moving average for the past 20 days is 8.69% for PTN’s stock, with a -21.98% simple moving average for the past 200 days.
Is It Worth Investing in Palatin Technologies Inc. (AMEX: PTN) Right Now?
The 36-month beta value for PTN is also noteworthy at 0.92. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 1 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for PTN is 15.45M, and at present, short sellers hold a 9.39% of that float. The average trading volume of PTN on March 29, 2024 was 542.18K shares.
PTN) stock’s latest price update
Palatin Technologies Inc. (AMEX: PTN) has seen a rise in its stock price by 16.87 in relation to its previous close of 1.60. However, the company has experienced a 15.43% gain in its stock price over the last five trading sessions. InvestorPlace reported 2024-02-15 that Penny stocks will always provide us with investment opportunities in the event that we do not have a completely high buying power and do not want to buy fractional shares. In the large ecosystem of companies that make life in the financial markets, we can always identify good investment opportunities that allow us to add value to our portfolio and our wealth.
Analysts’ Opinion of PTN
Many brokerage firms have already submitted their reports for PTN stocks, with Canaccord Genuity repeating the rating for PTN by listing it as a “Buy.” The predicted price for PTN in the upcoming period, according to Canaccord Genuity is $6 based on the research report published on June 05, 2015 of the previous year 2015.
ROTH Capital, on the other hand, stated in their research note that they expect to see PTN reach a price target of $4, previously predicting the price at $6. The rating they have provided for PTN stocks is “Buy” according to the report published on January 12th, 2015.
PTN Trading at -36.41% from the 50-Day Moving Average
After a stumble in the market that brought PTN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -66.90% of loss for the given period.
Volatility was left at 10.44%, however, over the last 30 days, the volatility rate increased by 9.07%, as shares sank -6.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -35.96% lower at present.
During the last 5 trading sessions, PTN rose by +15.43%, which changed the moving average for the period of 200-days by -18.70% in comparison to the 20-day moving average, which settled at $1.7135. In addition, Palatin Technologies Inc. saw -53.02% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PTN starting from DEVEER ROBERT K JR, who sale 11,700 shares at the price of $2.00 back on Mar 06 ’24. After this action, DEVEER ROBERT K JR now owns 34,845 shares of Palatin Technologies Inc., valued at $23,434 using the latest closing price.
WILLS STEPHEN T, the Executive VP and CFO/COO of Palatin Technologies Inc., sale 4,998 shares at $2.51 during a trade that took place back on Dec 06 ’23, which means that WILLS STEPHEN T is holding 327,522 shares at $12,563 based on the most recent closing price.
Stock Fundamentals for PTN
Current profitability levels for the company are sitting at:
- -4.35 for the present operating margin
- 0.9 for the gross margin
The net margin for Palatin Technologies Inc. stands at -4.43. The total capital return value is set at -13.11. Equity return is now at value -1274.20, with -138.78 for asset returns.
Based on Palatin Technologies Inc. (PTN), the company’s capital structure generated -0.08 points at debt to capital in total, while cash flow to debt ratio is standing at -33.35. The debt to equity ratio resting at -0.07. The interest coverage ratio of the stock is -1773.51.
Currently, EBITDA for the company is -32.46 million with net debt to EBITDA at 0.29. When we switch over and look at the enterprise to sales, we see a ratio of 3.03. The receivables turnover for the company is 3.03for trailing twelve months and the total asset turnover is 0.52. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.09.
Conclusion
In summary, Palatin Technologies Inc. (PTN) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
