Palatin Technologies Inc. (AMEX: PTN) kicked off on Friday, up 3.82% from the previous trading day, before settling in for the closing price of $1.57. Over the past 52 weeks, PTN has traded in a range of $1.29-$5.65.
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A company in the Healthcare sector has jumped its sales by 187.38% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded 15.76%. With a float of $18.61 million, this company’s outstanding shares have now reached $19.37 million.
In an organization with 34 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 87.81%, operating margin of -555.24%, and the pretax margin is -557.14%.
Palatin Technologies Inc. (PTN) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Biotechnology Industry. The insider ownership of Palatin Technologies Inc. is 3.93%, while institutional ownership is 15.00%. The most recent insider transaction that took place on Aug 01 ’24, was worth 8,274. In this transaction Executive VP and CFO/COO of this company sold 4,999 shares at a rate of $1.66, taking the stock ownership to the 235,456 shares. Before that another transaction happened on Apr 11 ’24, when Company’s Director bought 6,000 for $2.12, making the entire transaction worth $12,703. This insider now owns 40,845 shares in total.
Palatin Technologies Inc. (PTN) Latest Financial update
In the latest quarterly report, which was put into the public domain on 3/31/2024, the organization reported -0.91 earnings per share (EPS), lower than consensus estimate (set at -0.56) by -0.35. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.26 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 15.76% per share during the next fiscal year.
Palatin Technologies Inc. (AMEX: PTN) Trading Performance Indicators
Take a look at Palatin Technologies Inc.’s (PTN) current performance indicators. Last quarter, stock had a quick ratio of 1.20. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.35.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.49, a number that is poised to hit -0.48 in the next quarter and is forecasted to reach -1.13 in one year’s time.
Technical Analysis of Palatin Technologies Inc. (PTN)
Let’s dig in a bit further. During the last 5-days, its volume was 0.17 million. That was inferior than the volume of 0.37 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 80.00%. Additionally, its Average True Range was 0.12.
During the past 100 days, Palatin Technologies Inc.’s (PTN) raw stochastic average was set at 28.57%, which indicates a significant decrease from 87.10% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 72.67% in the past 14 days, which was lower than the 77.44% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.6489, while its 200-day Moving Average is $2.2569. However, in the short run, Palatin Technologies Inc.’s stock first resistance to watch stands at $1.6533. Second resistance stands at $1.6767. The third major resistance level sits at $1.7233. If the price goes on to break the first support level at $1.5833, it is likely to go to the next support level at $1.5367. The third support level lies at $1.5133 if the price breaches the second support level.
Palatin Technologies Inc. (AMEX: PTN) Key Stats
The company with the Market Capitalisation of 31.57 million has total of 16,137K Shares Outstanding. Its annual sales at the moment are 4,850 K in contrast with the sum of -27,540 K annual income. Company’s last quarter sales were recorded 2,030 K and last quarter income was -7,840 K.
