Palatin Technologies Inc. [AMEX: PTN] jumped around 0.04 points on Wednesday, while shares priced at $0.44 at the close of the session, up 8.04%. The company report on November 17, 2020 that Palatin Technologies, Inc. to Host Earnings Call.
Palatin Technologies, Inc. (NYSE:PTN) will be discussing their earnings results in their 2021 First Quarter Earnings call to be held on November 17, 2020 at 11:00 AM Eastern Time.
To listen to the event live or access a replay of the call – visit https://www.investornetwork.com/event/presentation/71708.
Palatin Technologies Inc. stock is now -44.20% down from its year-to-date (YTD) trading value. PTN Stock saw the intraday high of $0.45 and lowest of $0.40 per share. The company’s 52-week high price is 0.84, which means current price is +22.96% above from all time high which was touched on 01/03/20.
Compared to the average trading volume of 1.08M shares, PTN reached a trading volume of 2168278 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Palatin Technologies Inc. [PTN]?
Canaccord Genuity have made an estimate for Palatin Technologies Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 05, 2015. While these analysts kept the previous recommendation, ROTH Capital dropped their target price from $6 to $4. The new note on the price target was released on January 12, 2015, representing the official price target for Palatin Technologies Inc. stock.
The Average True Range (ATR) for Palatin Technologies Inc. is set at 0.02, with the Price to Sales ratio for PTN stock in the period of the last 12 months amounting to 1002.07. The Price to Book ratio for the last quarter was 1.28, with the Price to Cash per share for the same quarter was set at 0.36. Price to Free Cash Flow for PTN in the course of the last twelve months was 2.43 with Quick ratio for the last quarter at 21.30.
How has PTN stock performed recently?
Palatin Technologies Inc. [PTN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 10.45. With this latest performance, PTN shares gained by 3.73% in over the last four-week period, additionally sinking by -4.98% over the last 6 months – not to mention a drop of -43.74% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PTN stock in for the last two-week period is set at 56.87, with the RSI for the last a single of trading hit 65.98, and the three-weeks RSI is set at 51.83 for Palatin Technologies Inc. [PTN]. The present Moving Average for the last 50 days of trading for this stock 0.4432, while it was recorded at 0.4104 for the last single week of trading, and 0.4996 for the last 200 days.
Palatin Technologies Inc. [PTN]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Palatin Technologies Inc. [PTN] shares currently have an operating margin of -20007.61. Palatin Technologies Inc.’s Net Margin is presently recorded at -19006.88.
Return on Total Capital for PTN is now -25.90, given the latest momentum, and Return on Invested Capital for the company is -24.69. Return on Equity for this stock declined to -24.82, with Return on Assets sitting at -23.63. When it comes to the capital structure of this company, Palatin Technologies Inc. [PTN] has a Total Debt to Total Equity ratio set at 1.58. Additionally, PTN Total Debt to Total Capital is recorded at 1.55, with Total Debt to Total Assets ending up at 1.49. Long-Term Debt to Equity for the company is recorded at 1.19, with the Long-Term Debt to Total Capital now at 1.17.
Reflecting on the efficiency of the workforce at the company, Palatin Technologies Inc. [PTN] managed to generate an average of -$1,121,301 per employee. Receivables Turnover for the company is 0.00 with a Total Asset Turnover recorded at a value of 0.00.Palatin Technologies Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 21.30 and a Current Ratio set at 21.30.
Earnings analysis for Palatin Technologies Inc. [PTN]
With the latest financial reports released by the company, Palatin Technologies Inc. posted -0.02/share EPS, while the average EPS was predicted by analysts to be reported at -0.01/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -100.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PTN.
Insider trade positions for Palatin Technologies Inc. [PTN]
There are presently around $15 million, or 16.80% of PTN stock, in the hands of institutional investors. The top three institutional holders of PTN stocks are: VANGUARD GROUP INC with ownership of 9,469,591, which is approximately 0% of the company’s market cap and around 7.70% of the total institutional ownership; ACADIAN ASSET MANAGEMENT LLC, holding 7,109,166 shares of the stock with an approximate value of $3.1 million in PTN stocks shares; and BLACKROCK INC., currently with $1.62 million in PTN stock with ownership of nearly -0.285% of the company’s market capitalization.
Positions in Palatin Technologies Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 16 institutional holders increased their position in Palatin Technologies Inc. [AMEX:PTN] by around 2,837,892 shares. Additionally, 47 investors decreased positions by around 6,817,717 shares, while 31 investors held positions by with 25,198,928 shares. The mentioned changes placed institutional holdings at 34,854,537 shares, according to the latest SEC report filing. PTN stock had 6 new institutional investments in for a total of 296,918 shares, while 21 institutional investors sold positions of 3,335,724 shares during the same period.