On Monday, Palatin Technologies Inc (AMEX: PTN) opened lower -13.37% from the last session, before settling in for the closing price of $0.51. Price fluctuations for PTN have ranged from $0.45 to $2.88 over the past 52 weeks.
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Annual sales at Healthcare sector company grew by 148.40% over the past five years. Company’s average yearly earnings per share was noted 50.99% at the time writing. With a float of $25.24 million, this company’s outstanding shares have now reached $26.01 million.
Let’s look at the performance matrix of the company that is accounted 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 and Institutional Ownership
A key investor’s attitude towards the stock of the Biotechnology industry is another important factor to consider. 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) Latest Financial update
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
Check out the current performance indicators for Palatin Technologies Inc (PTN). In the past quarter, the stock posted a quick ratio of 0.38. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 32.92.
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)
Palatin Technologies Inc (AMEX: PTN) saw its 5-day average volume 0.95 million, a negative change from its year-to-date volume of 0.98 million. As of the previous 9 days, the stock’s Stochastic %D was 15.41%. Additionally, its Average True Range was 0.09.
During the past 100 days, Palatin Technologies Inc’s (PTN) raw stochastic average was set at 4.06%, which indicates a significant decrease from 9.69% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 113.18% in the past 14 days, which was higher than the 99.82% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.8289, while its 200-day Moving Average is $1.1667. Nevertheless, the first resistance level for the watch stands at $0.5095 in the near term. At $0.5759, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.6304. If the price goes on to break the first support level at $0.3886, it is likely to go to the next support level at $0.3341. The third support level lies at $0.2677 if the price breaches the second support level.
Palatin Technologies Inc (AMEX: PTN) Key Stats
There are currently 26,006K shares outstanding in the company with a market cap of 11.52 million. Presently, the company’s annual sales total 4,490 K according to its annual income of -29,740 K. Last quarter, the company’s sales amounted to 0 K and its income totaled -7,820 K.
