Palatin Technologies Inc (AMEX: PTN) kicked off on Friday, down -5.41% from the previous trading day, before settling in for the closing price of $0.70. Over the past 52 weeks, PTN has traded in a range of $0.68-$2.88.
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During the last 5-year period, the sales growth of Healthcare Sector giant was 148.40%. While this was happening, its average annual earnings per share was recorded 50.99%. With a float of $25.24 million, this company’s outstanding shares have now reached $26.01 million.
Let’s determine the extent of company efficiency that accounts for 30 employees. In terms of profitability, gross margin is 50.92%, operating margin of -7969.93%, and the pretax margin is -7700.63%.
Palatin Technologies Inc (PTN) Insider Activity
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 2.93%, while institutional ownership is 14.19%. 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) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.19 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 50.99% 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 0.38. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 49.20.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.54, a number that is poised to hit -0.17 in the next quarter
Technical Analysis of Palatin Technologies Inc (PTN)
Looking closely at Palatin Technologies Inc (AMEX: PTN), its last 5-days average volume was 2.04 million, which is a jump from its year-to-date volume of 0.96 million. As of the previous 9 days, the stock’s Stochastic %D was 16.72%. Additionally, its Average True Range was 0.08.
During the past 100 days, Palatin Technologies Inc’s (PTN) raw stochastic average was set at 5.32%, which indicates a significant decrease from 17.50% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 65.65% in the past 14 days, which was lower than the 93.93% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.8891, while its 200-day Moving Average is $1.2086. However, in the short run, Palatin Technologies Inc’s stock first resistance to watch stands at $0.6888. Second resistance stands at $0.7155. The third major resistance level sits at $0.7510. If the price goes on to break the first support level at $0.6266, it is likely to go to the next support level at $0.5911. Should the price break the second support level, the third support level stands at $0.5644.
Palatin Technologies Inc (AMEX: PTN) Key Stats
The company with the Market Capitalisation of 17.22 million has total of 26,006K Shares Outstanding. Its annual sales at the moment are 4,490 K in contrast with the sum of -29,740 K annual income. Company’s last quarter sales were recorded 0 K and last quarter income was -7,820 K.
