It is interesting to note that Palatin Technologies, Inc. (NYSE:PTN) is active and made a solid movement in the last trading day. Now trading with a market value of 210.02M, the company has a mix of catalysts and obstacles that spring from the nature of its operations. As the day-to-day narrative ebbs and flows for this company, it is more important than ever to step back and get a bird’s eye view of the fundamental reality under the surface of this story.Palatin Technologies, Inc. (NYSE:PTN) Fundamentals That Matter
It’s generally a good idea to start with the most fundamental piece of the picture: the balance sheet. The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. For PTN, the company currently has 25.74 million of cash on the books, which is offset by 6.92 million in current liabilities. The trend over time is important to note. In this case, the company’s debt has been falling. The company also has 27.16 million in total assets, balanced by 16.93 million in total liabilities, which should give you a sense of the viability of the company under any number of imagined business contexts.
Palatin Technologies, Inc. (PTN) saw -7.23 million in free cash flow last quarter, representing a quarterly net change in cash of -9.22 million. Perhaps most importantly where cash movements are concerned, the company saw about -7.23 million in net operating cash flow.Palatin Technologies, Inc. (NYSE:PTN) Revenue Growth Potential
As far as key trends that demonstrate something of the future investment potential of this stock, we need to take a closer look at the top line, first and foremost. Last quarter, the company saw 8.96 million in total revenues. That represents a quarterly year/year change in revenues of -0.17 in sequential terms, the PTN saw sales decline by -0.16.Is Palatin Technologies, Inc. (NYSE:PTN) Valuation Attractive
Looking ahead at valuations, according to the consensus, the next fiscal year is forecast to bring about -0.05 in total earnings per share. If we consider a median price to earnings ratio on the stock, that corresponds with a stock price of 9,999. However, one should always remember: the trends are more important than the forecasts. This continues to be an interesting story, and we look forward to updating it again soon on Palatin Technologies, Inc..