On Monday, Palatin Technologies Inc (AMEX: PTN) opened lower -17.49% from the last session, before settling in for the closing price of $0.22. Price fluctuations for PTN have ranged from $0.16 to $2.48 over the past 52 weeks.
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During the last 5-year period, the sales growth of Healthcare Sector giant was 148.40%. Company’s average yearly earnings per share was noted 50.99% at the time writing. With a float of $27.33 million, this company’s outstanding shares have now reached $28.15 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
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 13.10%. 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) Earnings and Forecasts
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 14.46.
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 3.45 million, which is a jump from its year-to-date volume of 2.13 million. As of the previous 9 days, the stock’s Stochastic %D was 47.68%. Additionally, its Average True Range was 0.05.
During the past 100 days, Palatin Technologies Inc’s (PTN) raw stochastic average was set at 1.50%, which indicates a significant increase from 0.25% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 146.16% in the past 14 days, which was lower than the 182.97% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.5601, while its 200-day Moving Average is $1.0167. However, in the short run, Palatin Technologies Inc’s stock first resistance to watch stands at $0.2033. Second resistance stands at $0.2269. The third major resistance level sits at $0.2387. If the price goes on to break the first support level at $0.1679, it is likely to go to the next support level at $0.1561. Should the price break the second support level, the third support level stands at $0.1325.
Palatin Technologies Inc (AMEX: PTN) Key Stats
There are currently 26,006K shares outstanding in the company with a market cap of 5.06 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.
