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Main » Palatin Technologies, Inc. (PTN) Short Interest Up 1.2% in March

Palatin Technologies, Inc. (PTN) Short Interest Up 1.2% in March

21 April 2017

Analyst recommendation for this stock stands at 1.70.

Beta is also an important valuation ratio for analyzing the stock of the company, PTN has Beta of 1.36 while its industry and Sector's beta remains at 0.94 and 0.83 respectively. (PTN) now has a value of $0.41 while the company's 52 week low is at $0.29, the shares dropped to the 52 week low on 04/07/17. Usually the RSI is considered overbought when above 70 and oversold when less than 30. The previous close of the stock price is registered at $45.80. PiperJaffray Initiates Coverage on the stock to Overweight on 6/20/13 by stationing a price target of $2. The company's 5 year Earnings per share growth and Capital Spending growth remains at 0 and 0. While some analysts have a High Price target for the stock of $6 and a Low Price Target of $1.5. Sphera Funds Management LTD. now owns 1,906,037 shares of the biopharmaceutical company's stock worth $1,199,000 after buying an additional 890,663 shares during the last quarter. The analysts estimated EPS for the higher end at 0.25 and lower end at -0.05 while the year ago reported earnings per share was 0. Zacks Investment Research upgraded shares of Palatin Technologies from a "hold" rating to a "buy" rating and set a $0.50 price target for the company in a report on Friday, January 27th.

Palatin Technologies, Inc. (NYSEMKT:PTN) have shown a high EPS growth of 12.30% in the last 5 years and has earnings growth of 33.40% yoy. Price targets frequently change, depending on the outlook for a company's earnings. Palatin Technologies, Inc. was founded in 1986 and is based in Cranbury, New Jersey. After trading began at $45.13, the stock was seen striking at $45.59 as its peak price and $44.23 as its lowest price.

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A moving average (MA) is a trend-following or lagging indicator because it is based on past prices.

ATR is counted for different periods, like 9-day, 14-day, 20-day, 50-day and 100-day. The stock stands almost -54.36% off versus the 52-week high and 43.81% away from the 52-week low. There are advantages to using a moving average in your trading, as well options on what type of moving average to use.

08/19/2015 - Palatin Technologies, Inc. had its " rating reiterated by analysts at Piper Jaffray.

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Palatin Technologies Inc. (PTN)'s distance from 200 day simple moving average is -27.23 percent, its distance from 50 day simple moving average is 1.98 percent, while its distance from 20 day simple moving average is 11.3 percent.

In the liquidity ratio analysis; quick ratio for most recent quarter was 0.70 while current ratio for time period was 0.70. The recommendation scale measures the value from 1 to 5, where 1 means "Strong Buy" and 5 stands for "Sell". They just need to take the company's market capitalization and divide it by the company's total sales over the past 12 months.

Palatin Technologies Inc. shares increased 34.43 percent over the past week and rose 23.87 percent over the previous month. The stock is now trading with a distance of 20-Day Simple Moving Average (SMA20) of 11.3%.

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