Palatin Technologies Inc (AMEX:PTN) does about 393.07K shares in volume on a normal day but saw 313848 shares change hands in the recent trading day. The company now has a market cap of 20.72M USD. Its current market price is $1.06, marking a decrease of -1.85% compared to the previous close of $1.08. The 52 week high reached by this stock is $5.65 whilst the lowest price level in 52 weeks is $0.68.
Palatin Technologies Inc (PTN) has a 20-day trading average at $1.0999 and the current price is -81.24% off the 52-week high compared with 55.88% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.0530 and its 200-day simple moving average is $1.4648. If we look at the stock’s price movements over the week, volatility stands at 9.67%, which increases to 13.36% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 47.60 to suggest the stock is neutral.
The consensus objective for the share price is $17.00, suggesting that the stock has a potential upside of 93.76% over the period.
FactSet Research has provided data showing that 1 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 1 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Strong Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on June 05, 2015 when Canaccord Genuity reiterated the stock to “Buy” and issued a price target of between $4 and $6.
The current price level is -3.63%, 0.67%, and -27.63% away from its SMA20, SMA50, and SMA200 respectively, with the PTN price moving above the 50-day SMA on current market day. Palatin Technologies Inc (PTN) stock is down -6.19% over the week and 27.56% over the past month. Its price is -4.50% year-to-date and -63.70% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at -0.42 and -1.66 for whole year.
To reach the target analysts have set, the stock logically needs to grow 93.76 percent from here.
Outstanding shares total 19.55M with insiders holding 3.50% of the shares and institutional holders owning 7.88% of the company’s common stock. The company has a return on equity of -269476.55%. The beta has a value of 0.90. Price to sales ratio is 8.71.
