Palatin Technologies, Inc. (PTN) Stock: Here’s What’s Happening

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Palatin Technologies, Inc. (PTN) is headed down in the market in today’s trading session. The stock, one that is focused on the biotech sector, is presently trading at $1.43 after a move down of -12.80% so far in today’s session. As it relates to biotech stocks, there are quite a few factors that have the ability to generate price movement in the market. One of the most common is news. Here are the recent stories surrounding 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, any time investors are making a decision to invest, prospective investors should look at much more than just news, especially in the generally speculative biotech space. Here’s what’s happening with Palatin Technologies, Inc..

Recent Moves From PTN

Although a single session decline, like the fall that we’re seeing from Palatin Technologies, Inc. might cause fear in some investors, that alone shouldn’t be the reason for a decision to, or not to, buy a company’s stock. It is always a good idea to dig into trends further out than a single session. As it relates to PTN, here are the trends that we’ve seen:

  • Past Seven Days – In the past five trading sessions, PTN has generated a change in value that amounts to 0.70%.
  • Past Month – The monthly ROI from Palatin Technologies, Inc. comes to 31.19%.
  • Past Three Months – Throughout the last 3 months, the stock has generated a return of 81.06%
  • Bi-Annually – Over the past 6 months, we have seen a performance that amounts to 76.15% from the stock.
  • YTD – Since the close of last year PTN has generated a return of 101.86%.
  • Annually – Lastly, over the past year, we have seen movement amounting to 14.40% out of PTN. In this period of time, the stock has sold at a high of -17.82% and a low price of 142.37%.

Ratios Worth Watching

Digging into a few ratios having to do with a company generally gives investors a view of just how risky and/or potentially profitable a an investment option may be. Below are some of the most important ratios to consider when digging into PTN.

Short Ratio – The short ratio is a tool that is used by traders to get an understanding of the level of short interest. The higher this ratio, the more investors have a belief that the value of the stock is going to tumble. Throughout the sector, biotech stocks can carry a higher short ratio. On the other hand, we also see a lot of short squeezes in the sector. Nonetheless, in regard to Palatin Technologies, Inc., the stock’s short ratio is 11.15.

Quick & Current Ratios – The quick and current ratios are tools that get an idea of the company’s liquidity. Essentially, they measure If a company is able to cover its debts as they mature using quick assets or current assets. Because many biotech several companies are heavily reliant on continued support from investors, these ratios can seem upsetting. Nonetheless, several gems in the biotechnology industry do have great current and quick ratios. When it comes to PTN, the quick and current ratios total up to 5.60 and 5.60 respectively.  

Book To Share Value – The book to share value compares the current book value of assets currently owned by the company to the price of shares. In this particular case, the book to share value ratio equates to 0.10.

Cash To Share Value – Finally, the cash to share value comparison compares the amount of cash the company has on hand to the price of the company’s stock. Several early stage biotech companies have a hard time keeping cash on hand. So, if you’re considering an investment in a biotechnology stock, this is an important ratio to think about. In this case, the cash to share value ratio is 0.

How Analysts Feel About Palatin Technologies, Inc.

While it’s rarely a good idea to unknowingly follow the opinions of analysts, it is a good idea to use their analysis when validating your own thoughts before making an investment decision in the biotech industry. Below are the recent moves that we have seen from analysts as it relates 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.

An interesting fact I have come to understand in my short time in existence has been that good investors tend to follow big money players. Usually, investors that are trying to keep their investments relatively safe will keep their eyes on investments made by institutions as well as those on the inside. So, where is the big money as it relates to PTN? Here’s what’s going on:

Institutions own 20.50% of the company. Institutional interest has moved by 0.33% over the past three months. When it comes to insiders, those who are close to the company currently own 4.40% percent of PTN shares. Institutions have seen ownership changes of an accumulative 0.71% over the last three months.

Looking At Share Counts

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 200.21M shares of Palatin Technologies, Inc. outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, PTN has a float of 197.77M.

I also like to dig into the short 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 deep dive. In regard to PTN, the percentage of the float that is sold short comes to a total of 7.60%. In general, concerning short percent of the float is any percentage over 40%. Through my work, I have found that a short ratio over 26% is generally a risky play.

What We’ve Seen In Financial Results

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $0.11. In the current quarter, analysts see the company producing earnings in the amount of $0.07. Over the last 5 years, PTN has generated revenue in the amount of $478.50% with earnings coming in at 20.60%. On a quarter over quarter basis, earnings have seen movement of -295.70% and revenue has seen movement of 0.

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