Setting Up For A Move Higher: ANGI Homeservices Inc. (ANGI), Palatin Technologies, Inc. (PTN)

ANGI Homeservices Inc. (NASDAQ:ANGI) average daily volatility for this week is 4.76% which is more than the 4.05% recorded over the past month. Its shares dropped by -27.97% or -$6.7 from its last recorded high of $23.95 which it attained on September 14 to close at $17.25 per share. Over the past 52 weeks, the shares of ANGI Homeservices Inc. has been trading as low as $12.65 before witnessing a massive surge by 36.36% or $4.6. This price movement has led to the ANGI stock receiving more attention and has become one to watch out for. It jumped by 1.11% on Tuesday and this got the market excited. The stock’s beta now stands at 2.23 and when compared to its 200-day moving average and its 50-day moving average, ANGI price stands -1.22% below and 6.41% above respectively.

ANGI Homeservices Inc. (ANGI) rose 2.5% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a rally that has seen it rise 29.6% and is now up by 7.34% since start of this year. A look at its monthly performance shows that the stock has recorded a 14.39% gain over the past 30 days. Its equity price dipped by -3.58% over the past three months which led to its overall six-month decrease to stand at -12.26%.

A look at ANGI technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 57.6 point. Its trading volume has added 22296 shares compared to readings over the past three months as it recently exchanged 1052296 shares. This means there is improved activity from short-term traders as per session, its average trading volume is 1030000 shares, and this is 1.02 times the normal volume.

The price of Palatin Technologies, Inc. (NYSE:PTN) currently stands at $0.77 after it went up by $0.03 or 4.97% and has found a strong support at $0.72 a share. If the PTN price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $0.67 mark would also be bad for the stock as it means that the stock would plunge by 12.99% from its current position. However, if the stock price is able to trade above the resistance point around $0.8, then it could likely surge higher to try and break the upward resistance which stands at $0.83 a share. Its average daily volatility over the past one month stands at 4.68%. The stock has plunged by 9.09% from its 52-weeks high of $0.7 which it reached on Oct. 04, 2018. In general, it is 23.38% above its 52-weeks lowest point which stands at $0.59 and this setback was observed on Dec. 26, 2018.

Analysts have predicted a price target for Palatin Technologies, Inc. (PTN) for 1 year and it stands at an average $4.58/share. This means that it would likely increase by 494.81% from its current position. The current price of the stock has been moving between $0.7 and $0.78. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $2.75. On the other hand, one analyst is super bullish about the price, setting a target as high as $6.

The PTN stock Stochastic Oscillator (%D) is at 71.11%, which means that it is currently neutral. The shares P/S ratio stands at 3.84 which compares to the 50.73 recorded by the industry or the 9.79 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 7.98, which is lower than the 22.11 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 20.6% over the past five years.

Analysts view Palatin Technologies, Inc. (NYSE:PTN) as a Buy, with 0 consensus rating. Reuters surveyed 3 analysts that follow PTN and found that 0 of those analysts rated the stock as a Hold. The remaining 3 were divided, with 3 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying Palatin Technologies, Inc. (PTN) shares or sell it if they already own it.