On 2/26/24, Palatin Technologies Inc. (NYSEAMERICAN: PTN) stock enjoyed a major increase of 15.7%, closing at $3.62. Moreover, this advance was accompanied by unusually high trading volume at 178% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 14.9% during the last week.
Current PriceTarget Research Rating
PTN's future returns on capital are forecasted to be below the cost of capital. Accordingly, the company is expected to continue to be a major Value Eraser.
Palatin Technologies is currently unrated.
Rating Review
The stock is currently unrated.