PTN
Price:
$8.08
Market Cap:
$14.38M
Palatin Technologies, Inc., a biopharmaceutical company, develops first-in-class medicines based on molecules that modulate the activity of the melanocortin receptor system in the United States. It is developing oral small molecule PL7737 MC4R agonist in preclinical studies; long-acting peptide MC4R agonists; and Bremelanotide co-administration with Tirzepatide to treat obesity in Phase 2 trial, as well as Bremelanotide co-formulated with a PDE5i for the treatment of ED in patients not adequately responsive to PDE5i monotherapy. The company also develops PL9643 for dry eye disease and anti-inflammatory ocular indications; and oral PL8177 for the treatment inflammatory bowel diseases. Palatin...[Read more]
Industry
Biotechnology
IPO Date
1997-10-15
Stock Exchange
NASDAQ
Ticker
PTN
According to Palatin Technologies, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 5.04. This represents a change of 119.61% compared to the average of 2.30 of the last 4 quarters.
The mean historical Current Ratio of Palatin Technologies, Inc. over the last ten years is 6.25. The current 5.04 Current Ratio has changed 7.97% with respect to the historical average. Over the past ten years (40 quarters), PTN's Current Ratio was at its highest in in the December 2019 quarter at 67.08. The Current Ratio was at its lowest in in the September 2024 quarter at 0.26.
Average
6.25
Median
1.60
Minimum
0.36
Maximum
24.94
Discovering the peaks and valleys of Palatin Technologies, Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.
Maximum Annual Increase = 597.08%
Maximum Annual Current Ratio = 24.94
Minimum Annual Increase = -80.54%
Minimum Annual Current Ratio = 0.36
| Year | Current Ratio | Change |
|---|---|---|
| 2025 | 0.36 | -63.97% |
| 2024 | 1.01 | -6.21% |
| 2023 | 1.08 | -49.31% |
| 2022 | 2.13 | -66.06% |
| 2021 | 6.27 | -70.54% |
| 2020 | 21.28 | -14.68% |
| 2019 | 24.94 | 597.08% |
| 2018 | 3.58 | 247.62% |
| 2017 | 1.03 | 33.30% |
| 2016 | 0.77 | -80.54% |
The current Current Ratio of Palatin Technologies, Inc. (PTN) is greater than its 3-year, greater than its 5-year, and less than than its 10-year historical averages
3-year avg
0.82
5-year avg
2.17
10-year avg
6.25
Palatin Technologies, Inc.’s Current Ratio is greater than Biophytis S.A. (0.25), greater than Eiger BioPharmaceuticals, Inc. (0.71), less than Notable Labs, Ltd. (5.65), greater than Novan, Inc. (0.91), greater than Aravive, Inc. (2.73), greater than Fresh2 Group Limited (0.32), greater than Affimed N.V. (3.25), less than Q32 Bio Inc. (5.36), greater than Midatech Pharma plc (2.03), greater than VBI Vaccines Inc. (0.48),
| Company | Current Ratio | Market cap |
|---|---|---|
| 0.25 | $2.61M | |
| 0.71 | $12.59M | |
| 5.65 | $2.39M | |
| 0.91 | $2.64M | |
| 2.73 | $2.95M | |
| 0.32 | $2.08M | |
| 3.25 | $2.98M | |
| 5.36 | $187.04M | |
| 2.03 | $1.98M | |
| 0.48 | $1.87M |
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