Palatin Technologies Inc [AMEX: PTN] traded at a low on Tuesday, posting a -9.09 loss after which it closed the day’ session at $0.21.
The results of the trading session contributed to over 5840149 shares changing hands. Over the past one week, the price volatility of Palatin Technologies Inc stands at 21.58% while the volatility over the past one month is 22.74%.
The market cap for PTN stock reached $5.91 million, with 28.15 million shares outstanding and 27.33 million shares in the current float. Compared to the average trading volume of 2.33M shares, PTN reached a trading volume of 5840149 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]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PTN shares is $7.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PTN stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
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 0.08, with the Price to Sales ratio for PTN stock in the period of the last 12 months amounting to 16.88.
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 10.29. With this latest performance, PTN shares dropped by -74.05% in over the last four-week period, additionally sinking by -79.00% over the last 6 months – not to mention a drop of -88.89% 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 24.35, with the RSI for the last a single of trading hit 23.91, and the three-weeks RSI is set at 26.55 for Palatin Technologies Inc [PTN]. The present Moving Average for the last 50 days of trading for this stock 0.7044, while it was recorded at 0.2225 for the last single week of trading, and 1.0878 for the last 200 days.
Palatin Technologies Inc [PTN]: Deeper insight into the fundamentals
Palatin Technologies Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.38 and a Current Ratio set at 0.38.
Insider trade positions for Palatin Technologies Inc [PTN]
There are presently around $14.18%, or 14.56%% of PTN stock, in the hands of institutional investors.
