Palatin Story

<div class='circular--portrait' style='background:#689CFD;color: #ffffff;font-size:3em;'>PTN</div>
PTN -- USA Stock  

USD 0.46  0.01  2.22%

Lets try to outline the odds of Palatin to fully recover from the latest slide as its shares went up 2.50%. Palatin's current daily volatility is 2.91 percent, with a beta of 0.19 and an alpha of -0.49 over DOW. While some baby boomers are getting worried about stable market, it is reasonable to outline Palatin. We will evaluate why we are still optimistic in anticipation of a recovery.
Published over two weeks ago
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Breaking down Palatin (AMEX:PTN) volatility slide
The company runs under Healthcare sector within Biotechnology industry. The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. Palatin has an asset utilization ratio of 1.09 percent. This suggests that the company is making $0.0109 for each dollar of assets. An increasing asset utilization means that Palatin is more efficient with each dollar of assets it utilizes for everyday operations.
Investing in Palatin, just like investing in any other equity instrument, is characterized by a strong risk-return correlation. High risks mean high returns and low risk means lower expected returns. Risk management is the act of identifying and assessing the potential risk and developing strategies to minimize these risks and earn maximum possible profits while holding Palatin along with other instruments in the same portfolio. Using conventional technical analysis and fundamental analysis to select individual securities into a portfolio complements risk management and adds value to overall investors' investing strategies.

Watch out for price decline

Please consider monitoring Palatin on a daily basis if you are holding a position in it. Palatin is trading at a penny-stock level, and the possibility of delisting is much higher compared to other equities. However, just because the stock is trading under one dollar, does not mean it will be marked for deletion. Most exchanges require public instruments, such as Palatin stock to be traded above the $1 level to remain listed. If Palatin stock price falls below $1 for 30 consecutive trading days, the exchange can delist it. Once the company reaches this point, they will be sent an initial price violation notice directly from an exchange.

How important is Palatin's Liquidity

Palatin financial leverage refers to using borrowed capital as a funding source to finance Palatin ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Palatin financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between Palatin's total debt and its cash.

How Palatin utilizes its cash?

To perform a cash flow analysis of Palatin, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash Palatin is receiving and how much cash it distributes out in a given period. The Palatin cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities.

Palatin Correlation with Peers

Investors in Palatin can reduce exposure to individual asset risk by holding a diversified portfolio of assets in addition to a long position in Palatin. Diversification will allow for the same portfolio return with reduced risk. The correlation table of Palatin and its peers is a two-dimensional matrix that shows the correlation coefficient between pairs of securities Palatin is related in some way. The cells in the table are color-coded to highlight significantly positive and negative relationships. Each cell shows the correlation between one pair of equities and can be used to run pair trading strategies or create efficient portfolios with your current brokerage. Please check volatility of Palatin for more details

Purchase by Robert deVeer of 54000 shares of Palatin

Legal trades by Palatin insiders are very common, as founders, directors, or employees of any publicly traded firm often have stock or stock options. These trades are made public in the United States through the filing of Form 4 of the Securities and Exchange Commission. Below entry was recorded recently and is publicly available as an insider trade:
Palatin insider trading alert for perchase of common stock by Robert deVeer, the corporate stakeholder, on 30th of November 2020. This event was filed by Palatin Technologies Inc with SEC on 2020-11-30. Statement of changes in beneficial ownership - SEC Form 4 [view details]   
Note, although insider trading is legal, in the United States, Canada, Australia, and Germany, for mandatory reporting purposes, corporate insiders are defined as a company's officers, directors, and any beneficial owners of more than 10% of a class of the company's equity securities.

Detailed Perspective On Palatin

Palatin maintains Sharpe Ratio (i.e. Efficiency) of -0.17, which implies the firm had -0.17% of return per unit of risk over the last month. Macroaxis standpoint towards forecasting the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Palatin exposes twenty-eight different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to check Palatin coefficient of variation of (623.60), and Risk Adjusted Performance of (0.19) to confirm the risk estimate we provide.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Our perspective of the latest Palatin rise

Latest mean deviation is at 2.26. As of the 16th of November 2020, Palatin holds the risk adjusted performance of (0.19), and Coefficient Of Variation of (623.60). Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Palatin, as well as the relationship between them. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We were able to interpolate and analyze data for nineteen technical drivers for Palatin, which can be compared to its competitors. Please check Palatin standard deviation, value at risk, as well as the relationship between the Value At Risk and kurtosis to decide if Palatin is priced some-what accurately, providing market reflects its current price of 0.41 per share. As Palatin is a penny stock we also suggest to check out its total risk alpha numbers.

Whereas some firms in the biotechnology industry are either recovering or due for a correction, Palatin may not be performing as strong as the other in terms of long-term growth potentials. To conclude, as of the 16th of November 2020, we see that Palatin barely shadows the market. The company is undervalued with very high odds of financial turmoil within the next 24 months. However, our actual 30 days Buy-Hold-Sell recommendation on the company is Strong Sell.

About Contributor

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Raphi Shpitalnik do not own shares of Palatin. Please refer to our Terms of Use for any information regarding our disclosure principles.

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