NYSEAMERICAN:PTN Palatin Technologies (PTN) Stock Price, News & Analysis → This is the best new way to score with AI (From Weiss Ratings) (Ad) Free PTN Stock Alerts $2.04 -0.03 (-1.45%) (As of 01:17 PM ET) Add Compare Share Share Today's Range$2.03▼$2.1450-Day Range N/A52-Week Range$1.43▼$5.65Volume106,177 shsAverage Volume560,901 shsMarket Capitalization$32.93 millionP/E RatioN/ADividend YieldN/APrice Target$17.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestStock AnalysisAnalyst ForecastsChartEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort Interest Get Palatin Technologies alerts: Email Address Palatin Technologies MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside737.4% Upside$17.00 Price TargetShort InterestHealthy8.55% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment-0.52Based on 8 Articles This WeekInsider TradingSelling Shares$23,400 Sold Last QuarterProj. Earnings GrowthGrowingFrom ($2.36) to ($0.66) Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.2.19 out of 5 stars 3.5 Analyst's Opinion Consensus RatingPalatin Technologies has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.Amount of Analyst CoveragePalatin Technologies has only been the subject of 1 research reports in the past 90 days.Read more about Palatin Technologies' stock forecast and price target. Previous Next 4.0 Short Interest Percentage of Shares Shorted8.55% of the float of Palatin Technologies has been sold short.Short Interest Ratio / Days to CoverPalatin Technologies has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Palatin Technologies has recently decreased by 5.04%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldPalatin Technologies does not currently pay a dividend.Dividend GrowthPalatin Technologies does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for PTN. Previous Next 0.8 News and Social Media Coverage News SentimentPalatin Technologies has a news sentiment score of -0.52. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.55 average news sentiment score of Medical companies.News Coverage This WeekMarketBeat has tracked 8 news articles for Palatin Technologies this week, compared to 2 articles on an average week.Search InterestOnly 6 people have searched for PTN on MarketBeat in the last 30 days. This is a decrease of -75% compared to the previous 30 days.MarketBeat FollowsOnly 2 people have added Palatin Technologies to their MarketBeat watchlist in the last 30 days. This is a decrease of -60% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Palatin Technologies insiders have sold 83.96% more of their company's stock than they have bought. Specifically, they have bought $12,720.00 in company stock and sold $23,400.00 in company stock.Percentage Held by InsidersOnly 7.70% of the stock of Palatin Technologies is held by insiders.Percentage Held by InstitutionsOnly 11.50% of the stock of Palatin Technologies is held by institutions.Read more about Palatin Technologies' insider trading history. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Palatin Technologies are expected to grow in the coming year, from ($2.36) to ($0.66) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Palatin Technologies is -0.79, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Palatin Technologies is -0.79, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioPalatin Technologies has a P/B Ratio of 203.00. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad Monetary GoldTrump Reveals Conspiracy Behind Fed-Controlled Digital Currency.Donald Trump once again sounded the alarm against Fed-controlled digital currencies (CBDCs). If these plans are implemented, it could mean the end of America as we know it.This means you must act NOW before it's too late. About Palatin Technologies Stock (NYSEAMERICAN:PTN)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 is in Phase 2 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, which is in Phase 3 clinical trial; and melanocortin peptides for diabetic retinopathy. Further, it is developing PL8177, an oral peptide formulation for treatment of ulcerative colitis, which entered Phase 2 clinical trials. The company was founded in 1986 and is based in Cranbury, New Jersey.Read More PTN Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart PTN Stock News HeadlinesMay 16 at 8:57 AM | msn.comPalatin Technologies, Inc. (AMEX:PTN) Q3 2024 Earnings Call TranscriptMay 16 at 4:05 AM | finance.yahoo.comQ3 2024 Palatin Technologies Inc Earnings CallMay 16 at 4:05 AM | finance.yahoo.comPalatin Technologies Inc (PTN) (Q3 2024) Earnings Call Transcript Highlights: Navigating ...May 15 at 9:07 AM | markets.businessinsider.comPalatin Technologies Inc. Q3 Loss DecreasesMay 15 at 7:30 AM | prnewswire.comPalatin Reports Third Quarter Fiscal Year 2024 Financial Results and Provides Corporate UpdateMay 10, 2024 | americanbankingnews.comPalatin Technologies (NYSEAMERICAN:PTN) Rating Reiterated by HC WainwrightMay 9, 2024 | prnewswire.comPalatin to Report Third Quarter Fiscal Year 2024 Results; Teleconference and Webcast to be held on May 15, 2024May 8, 2024 | markets.businessinsider.comAnalysts Offer Insights on Healthcare Companies: Aquestive Therapeutics (AQST) and Palatin Technologies (PTN)May 3, 2024 | markets.businessinsider.comBuy Rating Endorsed for Palatin Technologies Amidst Promising Obesity Treatment AdvancementsMay 2, 2024 | msn.comPalatin spikes as FDA clears mid-stage trial for weight loss therapyMay 2, 2024 | seekingalpha.comPalatin gets FDA OK to test weight loss therapy with Eli Lilly’s tirzepatideMay 2, 2024 | markets.businessinsider.comPalatin: FDA Clears IND Application For Bremelanotide Phase 2 StudyMay 2, 2024 | prnewswire.comPalatin Announces FDA Clearance of IND Application for the Co-Administration of Bremelanotide with Tirzepatide (GLP-1) for the Treatment of ObesityApril 30, 2024 | prnewswire.comPalatin to Host Virtual KOL Event "Beyond GLPs: The Multiple Roles for Novel Melanocortin Receptor 4 Agonists in Treating Obesity and Weight Loss Maintenance" on May 8, 2024April 12, 2024 | msn.comPalatin Technologies And 2 Other Stocks Under $3 Insiders Are BuyingApril 8, 2024 | marketwatch.comPalatin Technologies Shares Rise 27% After Positive Trial Results for PL9643April 8, 2024 | finance.yahoo.comPalatin Technologies Eyes Growing $6B Dry Eye Disease Market With Late-Stage Study DataApril 8, 2024 | msn.comGalectin Therapeutics, Titan Pharmaceuticals, Outset Medical among healthcare moversApril 8, 2024 | msn.comPalatin stock jumps 16% on positive Phase 3 data for eye drugApril 8, 2024 | markets.businessinsider.comPalatin Says Topline Results From The Phase 3 MELODY-1 Study Of PL9643 In Dry Eye Disease PositiveApril 8, 2024 | finance.yahoo.comPalatin Announces Phase 3 PL9643 MELODY-1 Dry Eye Disease (DED) Clinical Data Results Presented at American Society of Cataract and Refractive Surgery (ASCRS) 2024March 15, 2024 | finance.yahoo.comPTN Apr 2024 2.500 putMarch 15, 2024 | finance.yahoo.comPTN Apr 2024 7.500 callMarch 14, 2024 | msn.comPalatin files to sell 1.92M shares of common stock for holdersFebruary 29, 2024 | markets.businessinsider.comMaintained Buy Rating on Palatin Technologies Amid Promising Clinical Results and Future ProspectsSee More Headlines Receive PTN Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Palatin Technologies and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings2/14/2024Today5/16/2024Fiscal Year End6/30/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSEAMERICAN SectorMedical Industry Pharmaceutical preparations Sub-IndustryN/A Current SymbolNYSEAMERICAN:PTN Previous SymbolNYSE:PTN CUSIPN/A CIK911216 Webwww.palatin.com Phone(609) 495-2200Fax609-495-2202Employees34Year FoundedN/APrice Target and Rating Average Stock Price Target$17.00 High Stock Price Target$17.00 Low Stock Price Target$17.00 Potential Upside/Downside+725.2%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)($2.58) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-27,540,000.00 Net Margins-445.12% Pretax Margin-503.33% Return on Equity-583.06% Return on Assets-184.90% Debt Debt-to-Equity RatioN/A Current Ratio1.09 Quick Ratio1.09 Sales & Book Value Annual Sales$4.85 million Price / Sales6.86 Cash FlowN/A Price / Cash FlowN/A Book Value$0.01 per share Price / Book206.00Miscellaneous Outstanding Shares16,140,000Free Float14,894,000Market Cap$33.25 million OptionableNot Optionable Beta0.86 The 10 Best AI Stocks to Own in 2024Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.Get This Free Report Key ExecutivesDr. Carl Spana Ph.D. (Age 62)Co-Founder, President, CEO & Director Comp: $979kMr. Stephen T. Wills CPA (Age 67)MST, CFO, COO, Executive VP, Treasurer & Secretary Comp: $910.55kBurns McClellanVice President of Investor RelationsMr. Stephen A. Slusher Esq.Chief Legal OfficerDr. Michael B. Raizman M.D.Chief Medical OfficerMr. James E. Hattersley (Age 64)Senior Vice President of Business Development Mr. John Dodd Ph.D.Senior Vice President of Preclinical DevelopmentMr. Robert JordanSenior Vice President of Program OperationsMore ExecutivesKey CompetitorsCara TherapeuticsNASDAQ:CARALexaria BioscienceNASDAQ:LEXXSensei BiotherapeuticsNASDAQ:SNSEXilio TherapeuticsNASDAQ:XLOProMIS NeurosciencesNASDAQ:PMNView All CompetitorsInsidersRobert K Deveer JrBought 6,000 shares on 4/11/2024Total: $12,720.00 ($2.12/share)Robert K Deveer JrSold 11,700 sharesTotal: $23,400.00 ($2.00/share)Stephen T WillsSold 4,998 sharesTotal: $12,544.98 ($2.51/share)Alan W DuntonSold 200 sharesTotal: $496.00 ($2.48/share)View All Insider Transactions PTN Stock Analysis - Frequently Asked Questions Should I buy or sell Palatin Technologies stock right now? 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Palatin Technologies in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PTN shares. View PTN analyst ratings or view top-rated stocks. What is Palatin Technologies' stock price target for 2024? 1 brokers have issued 1 year target prices for Palatin Technologies' stock. Their PTN share price targets range from $17.00 to $17.00. On average, they predict the company's stock price to reach $17.00 in the next twelve months. This suggests a possible upside of 737.4% from the stock's current price. View analysts price targets for PTN or view top-rated stocks among Wall Street analysts. How have PTN shares performed in 2024? Palatin Technologies' stock was trading at $4.00 at the beginning of the year. Since then, PTN stock has decreased by 49.3% and is now trading at $2.03. View the best growth stocks for 2024 here. How were Palatin Technologies' earnings last quarter? Palatin Technologies, Inc. (NYSEAMERICAN:PTN) announced its quarterly earnings data on Wednesday, May, 15th. The biopharmaceutical company reported ($0.53) earnings per share for the quarter, missing the consensus estimate of ($0.50) by $0.03. Palatin Technologies had a negative trailing twelve-month return on equity of 583.06% and a negative net margin of 445.12%. During the same period in the prior year, the firm earned ($0.63) EPS. When did Palatin Technologies' stock split? Palatin Technologies shares reverse split before market open on Wednesday, August 31st 2022. The 1-25 reverse split was announced on Wednesday, August 31st 2022. The number of shares owned by shareholders was adjusted after the market closes on Wednesday, August 31st 2022. An investor that had 100 shares of stock prior to the reverse split would have 4 shares after the split. What other stocks do shareholders of Palatin Technologies own? Based on aggregate information from My MarketBeat watchlists, some companies that other Palatin Technologies investors own include Heat Biologics (HTBX), Sorrento Therapeutics (SRNE), Trevena (TRVN), Alliqua Biomedical (ALQA), Catalyst Pharmaceuticals (CPRX), AVEO Pharmaceuticals (AVEO), ImmunoGen (IMGN), TherapeuticsMD (TXMD) and Actinium Pharmaceuticals (ATNM). How do I buy shares of Palatin Technologies? Shares of PTN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NYSEAMERICAN:PTN) was last updated on 5/16/2024 by MarketBeat.com Staff From Our PartnersHealthcare Takes A Big Step Forward With The Help Of AIThe Bull ReportBiden to Drop BOMBSHELL June 13th?Paradigm PressRed Alert: Your Money's Disappearance Act - Banks' Greed Unleashed!Priority GoldElon to Transform U.S. Economy? 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