A share price of Palatin Technologies Inc [PTN] is currently trading at $1.03, up 3.00%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The PTN shares have gain 7.53% over the last week, with a monthly amount drifted -4.63%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Palatin Technologies Inc [AMEX: PTN] stock has seen the most recent analyst activity on June 05, 2015, when Canaccord Genuity reiterated its Buy rating and also boosted its price target to $6 from $4. Previously, ROTH Capital reaffirmed its Buy rating on January 12, 2015, and dropped its price target to $4. On May 23, 2012, Noble Financial initiated with a Buy rating. Next Generation started tracking the stock assigning a Buy rating and suggested a price target of $5 on January 23, 2007.
Palatin Technologies Inc experienced fluctuations in its stock price throughout the past year between $0.68 and $4.04. Palatin Technologies Inc [AMEX: PTN] shares were valued at $1.03 at the most recent close of the market.
Analyzing the PTN fundamentals
Trailing Twelve Months sales for Palatin Technologies Inc [AMEX:PTN] were 0.35M which represents -100.00% decline. Gross Profit Margin for this corporation currently stands at 0.51% with Operating Profit Margin at -79.7%, Pretax Profit Margin comes in at -77.01%, and Net Profit Margin reading is -77.01%. To continue investigating profitability, this company’s Return on Assets is posted at -6.25, Equity is 8.56 and Total Capital is 5.31. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-0.06.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 0.9933 points at the first support level, and at 0.9567 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.0733, and for the 2nd resistance point, it is at 1.1167.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Palatin Technologies Inc [AMEX:PTN] is 0.38. As well, the Quick Ratio is 0.38, while the Cash Ratio is 0.36. Considering the valuation of this stock, the price to sales ratio is 76.54.
Transactions by insiders
Recent insider trading involved WILLS STEPHEN T, Executive VP and CFO/COO, that happened on Aug 01 ’24 when 4999.0 shares were sold. Director, DEVEER ROBERT K JR completed a deal on Apr 11 ’24 to buy 6000.0 shares. Meanwhile, Director DEVEER ROBERT K JR sold 11700.0 shares on Mar 06 ’24.
