At the end of the latest market close, Palatin Technologies Inc. (PTN) was valued at $0.66. In that particular session, Stock kicked-off at the price of $0.68 while reaching the peak value of $0.69 and lowest value recorded on the day was $0.66. The stock current value is $0.64.
Recently in News on March 5, 2021, Palatin Technologies to Participate in H.C. Wainwright Global Life Sciences Virtual Conference. Palatin Technologies, Inc. (NYSE American: PTN), a specialized biopharmaceutical company developing first-in-class medicines based on molecules that modulate the activity of the melanocortin peptide receptor systems, today announced that Carl Spana, Ph.D., President and Chief Executive Officer, will participate in the H.C. Wainwright Global Life Sciences Virtual Conference on March 9-10, 2021. The company’s presentation will be available for on-demand viewing beginning on Tuesday, March 9, 2021 at 7:00 a.m. ET and will remain available on the Investors page under Webcasts of Palatin’s website: www.Palatin.com for approximately 30 days following the presentation. You can read further details here
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Palatin Technologies Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $1.3000 on 02/10/21, with the lowest value was $0.6005 for the same time period, recorded on 03/05/21.
Palatin Technologies Inc. (PTN) full year performance was 51.50%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Palatin Technologies Inc. shares are logging -50.66% during the 52-week period from high price, and 71.04% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $0.38 and $1.30.
The company’s shares, operating in the sector of Healthcare managed to top a trading volume set approximately around 1339956 for the day, which was evidently lower, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Palatin Technologies Inc. (PTN) recorded performance in the market was -2.01%, having the revenues showcasing -6.48% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 146.89M, as it employees total of 20 workers.
The Analysts eye on Palatin Technologies Inc. (PTN)
During the last month, 0 analysts gave the Palatin Technologies Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 0.7147, with a change in the price was noted +0.2398. In a similar fashion, Palatin Technologies Inc. posted a movement of +60.68% for the period of last 100 days, recording 5,741,337 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for PTN is recording 0.00 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.
Technical rundown of Palatin Technologies Inc. (PTN)
Raw Stochastic average of Palatin Technologies Inc. in the period of last 50 days is set at 4.93%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 7.09%. In the last 20 days, the company’s Stochastic %K was 8.87% and its Stochastic %D was recorded 18.57%.
Considering, the past performance of Palatin Technologies Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -2.01%. Additionally, trading for the stock in the period of the last six months notably improved by 41.41%, alongside a boost of 51.50% for the period of the last 12 months. The shares increased approximately by -3.33% in the 7-day charts and went down by -2.95% in the period of the last 30 days. Common stock shares were lifted by -6.48% during last recorded quarter.