Palatin Days Sales Outstanding vs Cash Per Share Analysis

PTN Stock  USD 0.88  0.02  2.33%   
Palatin Technologies financial indicator trend analysis is much more than just breaking down Palatin Technologies prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Palatin Technologies is a good investment. Please check the relationship between Palatin Technologies Days Sales Outstanding and its Cash Per Share accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Palatin Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
To learn how to invest in Palatin Stock, please use our How to Invest in Palatin Technologies guide.

Days Sales Outstanding vs Cash Per Share

Days Sales Outstanding vs Cash Per Share Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Palatin Technologies Days Sales Outstanding account and Cash Per Share. At this time, the significance of the direction appears to have no relationship.
The correlation between Palatin Technologies' Days Sales Outstanding and Cash Per Share is 0.07. Overlapping area represents the amount of variation of Days Sales Outstanding that can explain the historical movement of Cash Per Share in the same time period over historical financial statements of Palatin Technologies, assuming nothing else is changed. The correlation between historical values of Palatin Technologies' Days Sales Outstanding and Cash Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Days Sales Outstanding of Palatin Technologies are associated (or correlated) with its Cash Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash Per Share has no effect on the direction of Days Sales Outstanding i.e., Palatin Technologies' Days Sales Outstanding and Cash Per Share go up and down completely randomly.

Correlation Coefficient

0.07
Relationship DirectionPositive 
Relationship StrengthInsignificant

Days Sales Outstanding

Cash Per Share

Most indicators from Palatin Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Palatin Technologies current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Palatin Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
To learn how to invest in Palatin Stock, please use our How to Invest in Palatin Technologies guide.Palatin Technologies reported last year Tax Provision of (4.67 Million). As of the 14th of December 2024, Enterprise Value is likely to grow to about 35.2 M, while Selling General Administrative is likely to drop about 7.7 M.
 2021 2022 2023 2024 (projected)
Interest Expense29.7K20.0K17.1K16.3K
Depreciation And Amortization126.7K288.3K339.1K512.3K

Palatin Technologies fundamental ratios Correlations

-0.15-0.040.150.890.1-0.86-0.12-0.260.880.06-0.020.880.540.440.19-0.040.240.470.1-0.241.00.020.87-0.23-0.21
-0.15-0.070.47-0.43-0.530.340.01-0.25-0.11-0.550.07-0.120.13-0.39-0.250.78-0.37-0.070.61-0.44-0.140.690.04-0.11-0.09
-0.04-0.070.03-0.070.230.10.03-0.09-0.140.14-0.64-0.130.16-0.12-0.030.160.14-0.080.070.19-0.04-0.45-0.340.13-0.26
0.150.470.03-0.31-0.010.02-0.340.230.13-0.05-0.190.120.00.210.180.380.020.250.970.00.150.750.16-0.1-0.26
0.89-0.43-0.07-0.310.11-0.840.04-0.320.770.10.060.770.510.350.11-0.320.20.33-0.37-0.190.89-0.340.75-0.17-0.07
0.1-0.530.23-0.010.11-0.35-0.570.640.250.98-0.490.25-0.450.740.71-0.190.630.42-0.040.790.08-0.32-0.05-0.04-0.43
-0.860.340.10.02-0.84-0.350.120.2-0.97-0.310.12-0.97-0.1-0.46-0.230.2-0.36-0.430.080.1-0.850.15-0.80.260.22
-0.120.010.03-0.340.04-0.570.12-0.7-0.13-0.580.19-0.140.07-0.74-0.85-0.14-0.3-0.85-0.35-0.62-0.11-0.15-0.080.060.85
-0.26-0.25-0.090.23-0.320.640.2-0.7-0.250.67-0.25-0.26-0.350.70.8-0.140.160.390.190.87-0.270.06-0.36-0.04-0.33
0.88-0.11-0.140.130.770.25-0.97-0.13-0.250.2-0.081.00.130.410.190.010.30.440.1-0.210.870.050.86-0.28-0.23
0.06-0.550.14-0.050.10.98-0.31-0.580.670.2-0.360.2-0.460.750.72-0.220.580.39-0.070.790.05-0.3-0.04-0.09-0.39
-0.020.07-0.64-0.190.06-0.490.120.19-0.25-0.08-0.36-0.10.09-0.24-0.35-0.05-0.17-0.08-0.18-0.43-0.020.210.22-0.190.39
0.88-0.12-0.130.120.770.25-0.97-0.14-0.261.00.2-0.10.130.40.180.010.30.450.1-0.20.870.040.86-0.22-0.25
0.540.130.160.00.51-0.45-0.10.07-0.350.13-0.460.090.13-0.05-0.10.07-0.220.15-0.01-0.380.55-0.030.340.03-0.12
0.44-0.39-0.120.210.350.74-0.46-0.740.70.410.75-0.240.4-0.050.93-0.180.390.670.150.680.420.040.34-0.29-0.45
0.19-0.25-0.030.180.110.71-0.23-0.850.80.190.72-0.350.18-0.10.93-0.070.230.650.160.80.180.030.12-0.19-0.6
-0.040.780.160.38-0.32-0.190.2-0.14-0.140.01-0.22-0.050.010.07-0.18-0.070.090.10.6-0.25-0.030.450.07-0.08-0.2
0.24-0.370.140.020.20.63-0.36-0.30.160.30.58-0.170.3-0.220.390.230.090.420.040.250.22-0.250.180.02-0.26
0.47-0.07-0.080.250.330.42-0.43-0.850.390.440.39-0.080.450.150.670.650.10.420.240.330.460.060.39-0.05-0.78
0.10.610.070.97-0.37-0.040.08-0.350.190.1-0.07-0.180.1-0.010.150.160.60.040.24-0.040.10.770.14-0.11-0.29
-0.24-0.440.190.0-0.190.790.1-0.620.87-0.210.79-0.43-0.2-0.380.680.8-0.250.250.33-0.04-0.25-0.24-0.340.05-0.36
1.0-0.14-0.040.150.890.08-0.85-0.11-0.270.870.05-0.020.870.550.420.18-0.030.220.460.1-0.250.030.88-0.23-0.21
0.020.69-0.450.75-0.34-0.320.15-0.150.060.05-0.30.210.04-0.030.040.030.45-0.250.060.77-0.240.030.27-0.110.02
0.870.04-0.340.160.75-0.05-0.8-0.08-0.360.86-0.040.220.860.340.340.120.070.180.390.14-0.340.880.27-0.3-0.11
-0.23-0.110.13-0.1-0.17-0.040.260.06-0.04-0.28-0.09-0.19-0.220.03-0.29-0.19-0.080.02-0.05-0.110.05-0.23-0.11-0.3-0.14
-0.21-0.09-0.26-0.26-0.07-0.430.220.85-0.33-0.23-0.390.39-0.25-0.12-0.45-0.6-0.2-0.26-0.78-0.29-0.36-0.210.02-0.11-0.14
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Palatin Technologies Account Relationship Matchups

Palatin Technologies fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets85.1M67.3M36.1M17.9M10.7M10.2M
Short Long Term Debt Total1.3M1.3M1.2M1.1M590.3K560.8K
Other Current Liab2.9M9.2M12.2M9.9M4.7M4.9M
Total Current Liabilities3.9M10.5M16.3M15.1M9.7M8.9M
Total Stockholder Equity80.2M49.7M16.3M134.1K(111.5K)(105.9K)
Property Plant And Equipment Net1.4M1.3M1.4M1.6M915.7K1.5M
Net Debt(81.6M)(58.9M)(28.8M)(6.9M)(8.9M)(9.4M)
Retained Earnings(318.2M)(351.8M)(388.0M)(415.5M)(441.8M)(419.7M)
Accounts Payable715.7K640.7K3.2M4.3M4.1M4.3M
Cash82.9M60.1M29.9M8.0M9.5M9.1M
Non Current Assets Total1.5M1.4M1.5M1.6M972.6K1.9M
Cash And Short Term Investments82.9M60.1M29.9M11.0M9.5M9.1M
Common Stock Total Equity2.0M2.3M2.3M2.3M2.6M2.8M
Common Stock Shares Outstanding9.4M9.5M9.5M10.9M14.7M15.4M
Liabilities And Stockholders Equity85.1M67.3M36.1M17.9M10.7M10.2M
Non Current Liabilities Total953.3K7.1M3.5M2.7M1.2M1.1M
Other Current Assets609.9K3.1M1.9M1.9M242.3K230.2K
Other Stockholder Equity396.1M399.1M404.2M415.6M441.5M249.2M
Total Liab4.9M17.6M19.8M17.8M10.9M12.8M
Property Plant And Equipment Gross1.4M1.3M1.4M4.5M4.2M4.4M
Total Current Assets83.6M65.9M34.6M16.3M9.8M9.3M
Short Term Debt312.8K703.7K944.1K920.9K853.1K1.2M
Common Stock2.3M2.3M92.7K116.6K179.3K170.3K
Accumulated Other Comprehensive Income(2.3M)(2.4M)0.0(116.6K)(179.3K)(188.3K)
Property Plant Equipment1.4M1.3M1.4M1.6M1.4M1.7M
Current Deferred Revenue500M2.8M5.8M4.2M4.8M4.6M
Net Tangible Assets80.2M49.7M16.3M134.0K154.1K146.4K
Capital Surpluse396.1M399.1M404.2M415.6M477.9M380.5M

Pair Trading with Palatin Technologies

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Palatin Technologies position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Palatin Technologies will appreciate offsetting losses from the drop in the long position's value.

Moving against Palatin Stock

  0.51FLGC Flora Growth CorpPairCorr
  0.33IMAB I MabPairCorr
The ability to find closely correlated positions to Palatin Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Palatin Technologies when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Palatin Technologies - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Palatin Technologies to buy it.
The correlation of Palatin Technologies is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Palatin Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Palatin Technologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Palatin Technologies can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Palatin Technologies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Palatin Technologies' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Palatin Technologies Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Palatin Technologies Stock:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Palatin Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
To learn how to invest in Palatin Stock, please use our How to Invest in Palatin Technologies guide.
You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Is Biotechnology space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Palatin Technologies. If investors know Palatin will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Palatin Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(1.98)
Revenue Per Share
0.306
Quarterly Revenue Growth
(0.80)
Return On Assets
(1.32)
Return On Equity
(6.23)
The market value of Palatin Technologies is measured differently than its book value, which is the value of Palatin that is recorded on the company's balance sheet. Investors also form their own opinion of Palatin Technologies' value that differs from its market value or its book value, called intrinsic value, which is Palatin Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Palatin Technologies' market value can be influenced by many factors that don't directly affect Palatin Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Palatin Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Palatin Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Palatin Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.