Palatin Technologies Inc (AMEX:PTN) shares, rose in value on Wednesday, April 16, with the stock price up by 19.82% to the previous day’s close as strong demand from buyers drove the stock to $0.25.
Actively observing the price movement in the last trading, the stock closed the session at $0.21, falling within a range of $0.192 and $0.258. The value of beta (5-year monthly) was 0.903. Referring to stock’s 52-week performance, its high was $2.48, and the low was $0.16. On the whole, PTN has fluctuated by -69.06% over the past month.
With the market capitalization of Palatin Technologies Inc currently standing at about $6.40 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-12.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that PTN’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of PTN currently trading nearly -52.68% and -67.17% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 24.92, while the 7-day volatility ratio is showing 39.23% which for the 30-day chart, stands at 21.41%. Furthermore, Palatin Technologies Inc (PTN)’s beta value is 1.07, and its average true range (ATR) is 0.09.
A comparison of Palatin Technologies Inc (PTN) with its peers suggests the former has fared considerably weaker in the market. PTN showed an intraday change of 19.82% in last session, and over the past year, it shrunk by -86.48%%.
Data on historical trading for Palatin Technologies Inc (AMEX:PTN) indicates that the trading volumes over the past 10 days have averaged 7.0 and over the past 3 months, they’ve averaged 1.99 million. According to company’s latest data on outstanding shares, there are 26.01 million shares outstanding.
Nearly 1.80% of Palatin Technologies Inc’s shares belong to company insiders and institutional investors own 6.50% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.34 million shares as on 2025-03-31, resulting in a short ratio of 2.83. According to the data, the short interest in Palatin Technologies Inc (PTN) stood at 916.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 1.49 million. The stock has fallen by -77.84% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PTN stock heading into the next quarter.
