Palatin Technologies Inc (AMEX: PTN) kicked off on Friday, down -1.24% from the previous trading day, before settling in for the closing price of $0.21. Over the past 52 weeks, PTN has traded in a range of $0.16-$2.48.
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It was noted that within the last five years, the titan of the Healthcare sector saw sales topped by 148.40%. While this was happening, its average annual earnings per share was recorded 50.99%. With a float of $27.33 million, this company’s outstanding shares have now reached $28.15 million.
The extent of productivity of a business whose workforce counts for 30 workers is very important to gauge. 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
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 13.11%. 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.
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
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 16.66.
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)
The latest stats from [Palatin Technologies Inc, PTN] show that its last 5-days average volume of 3.0 million was superior to 2.05 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 28.12%. Additionally, its Average True Range was 0.07.
During the past 100 days, Palatin Technologies Inc’s (PTN) raw stochastic average was set at 3.61%, which indicates a significant decrease from 12.88% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 409.53% in the past 14 days, which was higher than the 180.72% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.6579, while its 200-day Moving Average is $1.0641. Now, the first resistance to watch is $0.2141. This is followed by the second major resistance level at $0.2211. The third major resistance level sits at $0.2268. If the price goes on to break the first support level at $0.2014, it is likely to go to the next support level at $0.1957. The third support level lies at $0.1887 if the price breaches the second support level.
Palatin Technologies Inc (AMEX: PTN) Key Stats
The company with the Market Capitalisation of 5.83 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.
