Palatin Technologies, under the ticker (PTN, Financial), has filed a formal appeal against the NYSE Regulation's decision to delist its common stock. During the appeal process, which is projected to take between 60 to 90 days, the company's stock will remain tradable on the NYSE American market.
The ultimate verdict on whether Palatin's stock will continue to be listed or is removed will be made by the NYSE Listings Qualifications Panel upon the conclusion of the appeal period.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 1 analysts, the average target price for Palatin Technologies Inc (PTN, Financial) is $7.00 with a high estimate of $7.00 and a low estimate of $7.00. The average target implies an upside of 4,142.42% from the current price of $0.17. More detailed estimate data can be found on the Palatin Technologies Inc (PTN) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, Palatin Technologies Inc's (PTN, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Palatin Technologies Inc (PTN, Financial) in one year is $0.13, suggesting a downside of 21.21% from the current price of $0.165. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Palatin Technologies Inc (PTN) Summary page.
