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Palatin Technologies, Inc is a biotechnology business based in the US. Palatin Technologies shares (PTN) are listed on the NYSE MKT and all prices are listed in US Dollars. Palatin Technologies employs 20 staff and has a market cap (total outstanding shares value) of USD$181.5 million.
|52-week range||USD$0.36 - USD$1.3|
|50-day moving average||USD$0.9279|
|200-day moving average||USD$0.5937|
|Wall St. target price||USD$2.33|
|Dividend yield||N/A (0%)|
|Earnings per share (TTM)||USD$0.151|
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This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
Valuing Palatin Technologies stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Palatin Technologies's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Palatin Technologies's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 3x. In other words, Palatin Technologies shares trade at around 3x recent earnings.
Palatin Technologies's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$36 million.
The EBITDA is a measure of a Palatin Technologies's overall financial performance and is widely used to measure a its profitability.
|Operating margin TTM||6170.19%|
|Gross profit TTM||USD$-13,841,408|
|Return on assets TTM||-19.44%|
|Return on equity TTM||-33.43%|
|Market capitalisation||USD$181.5 million|
TTM: trailing 12 months
There are currently 8.0 million Palatin Technologies shares held short by investors – that's known as Palatin Technologies's "short interest". This figure is 4.8% up from 7.6 million last month.
There are a few different ways that this level of interest in shorting Palatin Technologies shares can be evaluated.
Palatin Technologies's "short interest ratio" (SIR) is the quantity of Palatin Technologies shares currently shorted divided by the average quantity of Palatin Technologies shares traded daily (recently around 7.9 million). Palatin Technologies's SIR currently stands at 1.01. In other words for every 100,000 Palatin Technologies shares traded daily on the market, roughly 1010 shares are currently held short.
However Palatin Technologies's short interest can also be evaluated against the total number of Palatin Technologies shares, or, against the total number of tradable Palatin Technologies shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Palatin Technologies's short interest could be expressed as 0.03% of the outstanding shares (for every 100,000 Palatin Technologies shares in existence, roughly 30 shares are currently held short) or 0.0354% of the tradable shares (for every 100,000 tradable Palatin Technologies shares, roughly 35 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Palatin Technologies.
Find out more about how you can short Palatin Technologies stock.
We're not expecting Palatin Technologies to pay a dividend over the next 12 months.
Palatin Technologies's shares were split on a 1:10 basis on 27 September 2010. So if you had owned 10 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your Palatin Technologies shares – just the quantity. However, indirectly, the new 900% higher share price could have impacted the market appetite for Palatin Technologies shares which in turn could have impacted Palatin Technologies's share price.
Over the last 12 months, Palatin Technologies's shares have ranged in value from as little as $0.36 up to $1.3. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE MKT average) beta is 1, while Palatin Technologies's is 1.5411. This would suggest that Palatin Technologies's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).
Palatin Technologies, Inc., a specialized biopharmaceutical company, develops targeted receptor-specific therapeutics for the treatment of various diseases in the United States. The company's lead product is Vyleesi, a melanocortin receptor agonist for the treatment of premenopausal women with acquired, generalized hypoactive sexual desire disorder. It is also developing oral PL8177, a selective melanocortin receptor (MCr) 1 agonist peptide that has completed Phase I clinical trial for the treatment of inflammatory bowel diseases; and systemic PL8177, which has completed Phase I clinical trial for treating non-infectious uveitis and COVID-19. In addition, the company engages in the development of PL9643, a peptide melanocortin agonist active at multiple MCrs, including MC1r and MC5r for anti-inflammatory ocular indications, such as dry eye disease; and melanocortin peptides for diabetic retinopathy. Further, it is developing PL3994, a natriuretic peptide receptor (NPR)-A agonist and synthetic mimetic of the endogenous neuropeptide hormone atrial natriuretic peptide for cardiovascular indications; and PL5028, a dual NPR-A and NPR-C agonist to treat cardiovascular and fibrotic diseases, including reducing cardiac hypertrophy and fibrosis. The company was founded in 1986 and is based in Cranbury, New Jersey.
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