How to buy Palatin Technologies stock | $0.41

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 26 staff and has a market cap (total outstanding shares value) of 0.00.

Palatin Technologies stock price (NYSE MKT: PTN)

Use our graph to track the performance of PTN stocks over time.

Palatin Technologies shares at a glance

• Key figures

Information last updated 2021-10-24.

Latest market close	$0.41
52-week range	$0.38 - $1.30
50-day moving average	$0.45
200-day moving average	$0.52
Wall St. target price	$2.33
PE ratio	28.7298
Dividend yield	N/A (0%)
Earnings per share (TTM)	$-0.14

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Is it a good time to buy Palatin Technologies stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

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.

Palatin Technologies price performance over time

Historical closes compared with the close of $0.41 from 2021-10-22

1 week (2021-10-18)	-1.80%
1 month (2021-09-24)	-10.21%
3 months (2021-07-23)	-22.64%
6 months (2021-04-23)	-31.67%

1 year (2020-10-23)	2.50%
2 years (2019-10-25)	-49.54%
3 years (2018-10-25)	0.9401
5 years (2016-10-25)	0.51

Is Palatin Technologies under- or over-valued?

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 P/E ratio

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 29x. In other words, Palatin Technologies shares trade at around 29x recent earnings.

Palatin Technologies's EBITDA

Palatin Technologies's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $36 million.

The EBITDA is a measure of a Palatin Technologies's overall financial performance and is widely used to measure a its profitability.

Palatin Technologies financials

Operating margin TTM	16225.02%
Gross profit TTM	$-13,262,996
Return on assets TTM	-25.11%
Return on equity TTM	-5175.69%
Profit margin	0%
Book value	$0.22
Market capitalisation	$95.9 million

TTM: trailing 12 months

Shorting Palatin Technologies shares

There are currently 5.4 million Palatin Technologies shares held short by investors – that's known as Palatin Technologies's "short interest". This figure is 1.3% down from 5.4 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)

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 1.0 million). Palatin Technologies's SIR currently stands at 5.25. In other words for every 100,000 Palatin Technologies shares traded daily on the market, roughly 5250 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 0.02% of the outstanding shares (for every 100,000 Palatin Technologies shares in existence, roughly 20 shares are currently held short) or 0.0236% of the tradable shares (for every 100,000 tradable Palatin Technologies shares, roughly 24 shares are currently held short).

A SIR below 10% would generally be considered to indicate a fairly 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.

Palatin Technologies share dividends

We're not expecting Palatin Technologies to pay a dividend over the next 12 months.

Have Palatin Technologies's shares ever split?

Palatin Technologies's shares were split on a 1:10 basis on 26 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.

Palatin Technologies share price volatility

Over the last 12 months, Palatin Technologies's shares have ranged in value from as little as $0.38 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 1.2085. This would suggest that Palatin Technologies's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).

Palatin Technologies overview

Palatin Technologies, Inc. , a 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 (MCr) agonist for the treatment of premenopausal women with hypoactive sexual desire disorder. It is also developing oral PL8177, a selective MC1r agonist peptide that has completed Phase I clinical trial for the treatment of inflammatory bowel diseases. 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, an NPR-A and NPR-binder to treat cardiovascular and fibrotic diseases, including reducing cardiac hypertrophy and fibrosis. The company was incorporated in 1986 and is based in Cranbury, New Jersey.

Frequently asked questions

What percentage of Palatin Technologies is owned by insiders or institutions?
Currently 4.361% of Palatin Technologies shares are held by insiders and 9.873% by institutions. How many people work for Palatin Technologies?
Latest data suggests 26 work at Palatin Technologies. When does the fiscal year end for Palatin Technologies?
Palatin Technologies's fiscal year ends in June. Where is Palatin Technologies based?
Palatin Technologies's address is: Cedar Brook Corporate Center, Cranbury, NJ, United States, 08512 What is Palatin Technologies's ISIN number?
Palatin Technologies's international securities identification number is: US6960774031 What is Palatin Technologies's CUSIP number?
Palatin Technologies's Committee on Uniform Securities Identification Procedures number is: 696077304