InvestorsObserver is giving Palatin Technologies, Inc. (PTN) an Analyst Rating Rank of 80, meaning PTN is ranked higher by analysts than 80% of stocks. The average projection by analysts for PTN is $1.75 over the next 12 months and analyst’s classify the stock as a Strong Buy
Why are Analyst Ratings Important?
A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement.
Investors Observer averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.
What's Happening With Palatin Technologies, Inc. Stock Today?
Palatin Technologies, Inc. (PTN) stock is up 28.54% while the S&P 500 is unmoved 0% as of 11:21 AM on Tuesday, Jun 23. PTN is up $0.15 from the previous closing price of $0.51 on volume of 10,781,359 shares. Over the past year the S&P 500 is higher by 5.86% while PTN is down -45.45%. PTN earned $0.14 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 4.54.