Our latest take on Palatin (AMEX:PTN) analyst consensus


USD 6.15  0.20  3.36%   

Palatin Technologies is scheduled to announce its earnings today. The next fiscal year end is expected on the 5th of October 2022. Because some millenniums are getting more into healthcare space, we are going to outline the feasibility of inclusion Palatin into your portfolio. Should we be more optimistic in anticipation of a recovery?
Published over a week ago
View all stories for Palatin Technologies | View All Stories
Palatin Technologies is OVERVALUED at 5.06 per share with modest projections ahead.
We provide trade recommendations to complement the recent expert consensus on Palatin Technologies. Our dynamic recommendation engine exercises a multidimensional algorithm to analyze the firm's potential to grow using all technical and fundamental data available at the time.
What is the right price you would pay to acquire a share of Palatin Technologies? For most investors, it would be the price that gives them a wide margin of safety to have minimal downside risk. In other words, most investors are always looking for undervalued stocks. Even if the future performance is not entirely as expected, the loss of holding it is minimized, and the downside risk is negated.
Please read more on our stock advisor page.

What is happening with Palatin Technologies this year

Annual and quarterly reports issued by Palatin Technologies are formal financial statements that are published yearly and quarterly and sent to Palatin stockholders. The reports show and break down the current year's ongoing operations and discuss plans for the upcoming year. Annual reports have been a requirement from the Securities and Exchange Commission (SEC) for businesses owned by the public since 1934.
Companies such as Palatin Technologies often view their annual report as an effective marketing tool to disseminate their perspective on company future earnings or innovations. With this in mind, many companies devote large sums of money to making their reports attractive and informative. In such instances, the annual report becomes a forum through which a company can communicate to the general public any number of topics that may or may not be directly related to the actual data published in the reports.

How does Palatin utilize its cash?

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

Acquisition by Stephen Wills of 186375 shares of Palatin Technologies subject to Rule 16b-3

Legal trades by Palatin Technologies 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 grant of stock option (right to buy) by Stephen Wills, Executive VP and CFOCOO, on 28th of June 2022. This event was filed by Palatin Technologies Inc with SEC on 2022-06-28. Statement of changes in beneficial ownership - SEC Form 4. Stephen Wills currently serves as chief financial officer, chief operating officer, executive vice president, treasurer, secretary of Palatin Technologies [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.

Is Palatin a risky opportunity?

Let's check the volatility. Palatin is looking slightly risky at this time. Whether you invest your money or manage your clients' funds, remember that it is easy to forget that behind Palatin (AMEX:PTN) stock is an actual business venture. So, do not let stock picking become an abstract concept by ignoring the elementary risk calculations. picking up a share of a Palatin Technologies stock makes you a part-owner of that company.

Palatin Technologies Current Consensus

Here is the latest trade recommendation based on an ongoing consensus estimate among financial analysis covering Palatin Technologies. The Palatin consensus assessment is calculated by taking the average estimates from all of the analysts covering Palatin Technologies

Strong Buy
Strong Buy2100.0
Strong Sell00.0

Will Palatin slide impact its fundamentals?

Mean deviation is down to 4.64. It may entail a possible volatility slide. Palatin Technologies is displaying above-average volatility over the selected time horizon. Investors should scrutinize Palatin Technologies independently to ensure intended market timing strategies are aligned with expectations about Palatin Technologies volatility. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Palatin Technologies' stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Palatin Technologies' stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

Our Conclusion on Palatin Technologies

Whereas some companies within the biotechnology industry are still a little expensive, even after the recent corrections, Palatin Technologies may offer a potential longer-term growth to institutional investors. Taking everything into account, as of the 22nd of September 2022, our analysis shows that Palatin Technologies responds to the market. The company is overvalued and projects below average chance of bankruptcy for the next 2 years. Our ongoing 90 days buy-hold-sell advice on the company is Strong Sell.

Editorial Staff

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 Rifka Kats do not own shares of Palatin Technologies. Please refer to our Terms of Use for any information regarding our disclosure principles.

Would you like to provide feedback on the content of this article?

You can get in touch with us directly or send us a quick note via email to editors@macroaxis.com