Palatin Technologies, Inc. (PTN) Stock: A Strong Pick In The Biotech Industry?

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Palatin Technologies, Inc. (PTN) is headed down in the market today. The stock, one that is focused in the biotech space, is currently priced at $1.43 after falling -12.80% so far today. When it comes to biotech companies, there are several aspects that have the ability to lead to price movement in the market. One of the most common is news. Here are the recent trending headlines centered around PTN:

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May-15-19 02:36PM Edited Transcript of PTN earnings conference call or presentation 9-May-19 3:00pm GMT
May-14-19 08:17AM What Does Poltronic S.A.’s (WSE:PTN) Balance Sheet Tell Us About It?
May-10-19 01:23PM Palatin Technologies (PTN) Q3 2019 Earnings Call Transcript
May-09-19 09:00AM Palatin Technologies, Inc. to Host Earnings Call
07:30AM Palatin Technologies, Inc. Reports Third Quarter Fiscal Year 2019 Results; Teleconference and Webcast to be held on May 9, 2019

However, when making a decision with regard to investing, prospective investors should look into much more than just news, especially in the highly speculative biotechnology industry. Here’s what’s happening in regard to Palatin Technologies, Inc..

Trends That We’ve Seen From PTN

While a move down on a single session, like what we’re seeing from Palatin Technologies, Inc. might make some investors fearful, that alone should not be the reason for a decision to, or not to, invest in a company. It’s always important to look at trends just a single session. In the case of PTN, below are the returns on investment that investors have experienced:

  • Weekly – Throughout the last 7 days, PTN has produced a change in value in the amount of 0.70%.
  • Past Month – The return from Palatin Technologies, Inc. in the last month works out to 31.19%.
  • Quarterly – In the past three months, the stock has produced a return that works out to 81.06%
  • Past 6 Months – Throughout the previous 6 months, we have seen a change that equates to 76.15% from the company.
  • YTD – Since the close of last year PTN has resulted in a return of 101.86%.
  • Full Year – Lastly, in the past full year, we’ve seen performance that works out to 14.40% from PTN. Throughout this period of time, the stock has sold at a high price of -17.82% and a low of 142.37%.

Rations That You Should Think About

Digging into various key ratios having to do with a company generally gives investors a look of how dangerous and/or rewarding a pick may be. Here are some of the important ratios to consider when digging into PTN.

Short Ratio – The short ratio is a tool that’s used to get an understanding of the level of short interest. As the short ratio climbs, it means that more investors believe that the value of the stock is going to go down. Across the sector, biotech stocks tend to carry a higher short ratio. On the other hand, we tend to see quite a few short squeezes in the sector. Nonetheless, in regard to Palatin Technologies, Inc., it’s short ratio is 11.15.

Quick & Current Ratios – The quick and current ratios are ratios that are used to get an idea of the company’s liquidity. Basically, they measure the company’s abilities to cover its debts when they come due based on quick assets or current assets. In the biotechnology space, several companies rely on continued investor support, the quick and current ratios can be damning. However, several better companies in the biotechnology industry do have strong current and quick ratios. When it comes to PTN, the quick and current ratios add up to 5.60 and 5.60 respectively.  

Book To Share Value – The book to share value ratio compares the current book value of assets owned by the company to the share price. In this case, that ratio comes in at 0.10.

Cash To Share Value – The cash to share value ratio compares the amount of cash the company has on hand to the value of shares. Several early stage biotechnology companies struggle to keep cash on hand. So, when investing in the biotechnology space, this is a very important ratio to think about. As it relates to PTN, the cash to share value is 0.

What Analysts Think About Palatin Technologies, Inc.

Although it’s rarely a smart idea to unknowingly follow the opinions of analysts, it is a smart idea to use their opinions when validating your own opinions when it comes to making investment decisions in the biotechnology industry. Here are the recent moves that we’ve seen from analysts when it comes to PTN.

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Jun-05-15 Reiterated Canaccord Genuity Buy $4 → $6
Jan-12-15 Reiterated ROTH Capital Buy $6 → $4
May-23-12 Initiated Noble Financial Buy
Jan-23-07 Initiated Next Generation Buy $5

What Institutions And Insiders Think Of Palatin Technologies, Inc.

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in PTN, here’s what we’re seeing:

  • Institutional Investors – Currently, institutions hold 20.50% of PTN. On the other hand, it’s important to note that the ownership held by institutions has seen a move in the amount of 0.33% throughout the past 3 months.
  • Insider Holdings – with regard to insiders, those close to the company currently hold 4.40% of Palatin Technologies, Inc.. Their ownership of the company has moved 0.71% in the last quarter.

Float Information

Investors tend to like to know the amounts of shares both outstanding and available. As it relates to Palatin Technologies, Inc., currently there are 200.21M and there is a float of 197.77M. These data mean that out of the total of 200.21M shares of PTN currently in existence today, 197.77M are available to trade hands in the public space.

I also like to pay attention to the short percentage of the float. Think about it, if a high percentage of the float is sold short, the overall feeling among traders is that the stock is headed for a dive. In regard to PTN, the short percentage of the float is currently 7.60%. In general, high short percent of the float would be anything over 40%. However, I have found that any short ratio over 26% is likely a play that comes with hefty risk.

Financial Results And Expectations

What have ween seen from PTN in terms of financial results?Here’s the data:

  • Analyst Expectations – As it stands, Wall St. analysts are expecting that PTN will create earnings per diluted share of 0.11, with 0.07 to be announced in the earnings announcement for the current quarter. Although this isn’t tide to earnings, since we are chatting about analysts, PTN is currently rated a 0 considering a scale that ranges from 1 to 5 where 1 is the poorest possible Wall St. analyst grade and 5 is the best possible rating.
  • 5-Year Sales – Throughout the past 5 years, Palatin Technologies, Inc. has announced a change in sales in the amount of 478.50%. Earnings through the last half decade have seen a change of 20.60%.
  • Q/Q – when it comes to quarter over quarter earnings performance, or Q/Q data as it is commonly referred to as in today’s society, the company has generated a change in earnings in the amount of -295.70%. Palatin Technologies, Inc. has also seen movement in terms of sales volume in the amount of 0.

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