Palatin Technologies - PTN Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Palatin Technologies in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PTN shares.
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2 analysts have issued 12 month price targets for Palatin Technologies' shares. Their PTN share price forecasts range from $50.00 to $70.00. On average, they expect the company's share price to reach $60.00 in the next year. This suggests a possible upside of 1,392.5% from the stock's current price.
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Palatin Technologies' stock was trading at $3.87 at the beginning of the year. Since then, PTN stock has increased by 3.9% and is now trading at $4.02.
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Palatin Technologies saw a increase in short interest during the month of December. As of December 30th, there was short interest totaling 257,200 shares, an increase of 32.0% from the December 15th total of 194,800 shares. Based on an average trading volume of 54,700 shares, the short-interest ratio is presently 4.7 days. Currently, 2.5% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Monday, February 13th 2023.
View our PTN earnings forecast.

Palatin Technologies, Inc. (NYSEAMERICAN:PTN) posted its earnings results on Monday, November, 14th. The biopharmaceutical company reported ($0.86) earnings per share for the quarter, topping analysts' consensus estimates of ($1.34) by $0.48. The biopharmaceutical company earned $0.87 million during the quarter, compared to the consensus estimate of $0.80 million. Palatin Technologies had a negative net margin of 1,713.72% and a negative trailing twelve-month return on equity of 169.74%.

Palatin Technologies's stock reverse split on the morning of 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.

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).

Palatin Technologies trades on the New York Stock Exchange (NYSE)AMERICAN under the ticker symbol "PTN."

Palatin Technologies' stock is owned by a variety of retail and institutional investors. Top institutional investors include Concourse Financial Group Securities Inc. (0.00%). Insiders that own company stock include Alan W Dunton and Robert K Deveer Jr.
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Shares of PTN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PTN stock can currently be purchased for approximately $4.02.

Palatin Technologies (NYSEAMERICAN:PTN) has a market capitalization of $37.51 million and generates $1.47 million in revenue each year. The biopharmaceutical company earns $-36,200,000.00 in net income (profit) each year or ($3.95) on an earnings per share basis.

Palatin Technologies' mailing address is 4B Cedarbrook Dr, CRANBURY, NJ 08512-3641, United States. The official website for the company is www.palatin.com. The biopharmaceutical company can be reached via phone at (609) 495-2200, via email at investors@palatin.com, or via fax at 609-495-2202.