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Palatin Reports Second Quarter Fiscal Year 2026 Financial Results and Provides Corporate Update
PRNewswire (Tue, 17-Feb 7:30 AM ET)
Palatin Technologies Inc is a biopharmaceutical company developing first-in-class medicines based on molecules that modulate the activity of the melanocortin receptor system. The product candidates are targeted, receptor-specific therapeutics for the treatment of diseases with unmet medical needs and commercial potential. The Company's business is in one operating segment: life science.
Palatin Techs trades on the AMEX stock market under the symbol PTN.
As of February 23, 2026, PTN stock price declined to $20.20 with 21,505 million shares trading.
PTN has a beta of -9.95, meaning it tends to be less sensitive to market movements. PTN has a correlation of 0.26 to the broad based SPY ETF.
PTN has a market cap of $34.39 million. This is considered a Sub-Micro Cap stock.
Last quarter Palatin Techs reported $116,036 in Revenue and -$2.86 earnings per share. This beat revenue expectation by $99,366 and missed earnings estimates by -$1.39.
The top ETF exchange traded funds that PTN belongs to (by Net Assets): VXF.
PTN support price is $20.60 and resistance is $24.32 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PTN shares will trade within this expected range on the day.