Palatin Technologies Inc [AMEX: PTN] price surged by 15.39 percent to reach at $0.02.
The one-year PTN stock forecast points to a potential upside of 97.29.
Guru’s Opinion on 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 0.10, with the Price to Sales ratio for PTN stock in the period of the last 12 months amounting to 12.38.
PTN Stock Performance Analysis:
Palatin Technologies Inc [PTN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -57.03. With this latest performance, PTN shares dropped by -75.92% in over the last four-week period, additionally sinking by -78.36% over the last 6 months – not to mention a drop of -90.48% 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 17.73, with the RSI for the last a single of trading hit 13.94, and the three-weeks RSI is set at 22.12 for Palatin Technologies Inc [PTN]. The present Moving Average for the last 50 days of trading for this stock 0.7723, while it was recorded at 0.3323 for the last single week of trading, and 1.1290 for the last 200 days.
Insight into Palatin Technologies Inc Fundamentals:
Palatin Technologies Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.40 and a Current Ratio set at 0.40.
Palatin Technologies Inc [PTN] Institutonal Ownership Details
There are presently around $14.18%, or 14.56%% of PTN stock, in the hands of institutional investors.
