Palatin Technologies Inc (AMEX:PTN) price on Friday, May 02, fall -0.05% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $0.22.
A look at the stock’s price movement, the close in the last trading session was $0.22, moving within a range at $0.2096 and $0.2239. The beta value (5-Year monthly) was 0.903. Turning to its 52-week performance, $2.48 and $0.16 were the 52-week high and 52-week low respectively. Overall, PTN moved -59.51% over the past month.
Palatin Technologies Inc’s market cap currently stands at around $6.14 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-12.
Turning to the stock’s technical picture we see that short term indicators suggest on average that PTN is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend PTN as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
PTN’s current price about -19.16% and -62.20% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 29.10, while 7-day volatility ratio is 10.02% and 20.39% in the 30-day chart. Further, Palatin Technologies Inc (PTN) has a beta value of 0.93, and an average true range (ATR) of 0.05.
If we refocus on Palatin Technologies Inc (AMEX:PTN), historical trading data shows that trading volumes averaged 2.94 over the past 10 days and 2.69 million over the past 3 months. The company’s latest data on shares outstanding shows there are 28.15 million shares.
The 2.93% of Palatin Technologies Inc’s shares are in the hands of company insiders while institutional holders own 13.11% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 8.0 million on 2025-04-15, giving us a short ratio of 8.58. The data shows that as of 2025-04-15 short interest in Palatin Technologies Inc (PTN) stood at 3128.0002 of shares outstanding, with shares short rising to 1.52 million registered in 2025-03-14. Current price change has pushed the stock -80.37% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the PTN stock continues to rise going into the next quarter.
