After Hours
There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.
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Stocks Info
This AMEX-listed company operates within the Biotechnology industry segment, falling under the Healthcare sector. The current market capitalization of Palatin Technologies Inc is $22.09M. A total of 0.12 million shares were traded on the day, compared to an average of 284.96K shares.
In the most recent transaction, WILLS STEPHEN T sold 4,999 shares of PTN for 1.66 per share on Aug 01 ’24. After the transaction, the Executive VP and CFO/COO now owns 235,456 company shares. In a previous transaction on Apr 11 ’24, DEVEER ROBERT K JR bought 6,000 shares at 2.12 per share. PTN shares that Director owns now total 40,845.
Among the insiders who sold shares, DEVEER ROBERT K JR disposed of 11,700 shares on Mar 06 ’24 at a per-share price of $2.00. This resulted in the Director holding 34,845 shares of PTN after the transaction. In another insider transaction, WILLS STEPHEN T sold 4,998 shares at $2.51 per share on Dec 06 ’23. Company shares held by the Executive VP and CFO/COO now total 327,522.
Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, PTN has a high of $5.65 and a low of $0.68.
Balance Sheet Annually/Quarterly
In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. PTN’s latest balance sheet shows that the firm has $29.94M in Cash & Short Term Investments as of fiscal 2022. There were $1.15M in debt and $16.26M in liabilities at the time. Its Book Value Per Share was -$0.39, while its Total Shareholder’s Equity was $16.27M.
Analysts Opinion
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PTN is Buy with a score of 5.00.
