PTC Inc (NASDAQ: PTC) has a price-to-earnings ratio that is above its average at 92.08x. The stock has a 36-month beta value of 1.19. Opinions on the stock are mixed, with 7 analysts rating it as a “buy,” 4 as “overweight,” 3 as “hold,” and 1 as “sell.”
The public float for PTC is 118.08M, and at present, short sellers hold a 1.88% of that float. On April 12, 2024, the average trading volume of PTC was 828.02K shares.
PTC) stock’s latest price update
The stock of PTC Inc (NASDAQ: PTC) has increased by 0.19 when compared to last closing price of 181.92. Despite this, the company has experienced a -0.37% fall in its stock price over the last five trading sessions. PRNewsWire reported 2024-04-10 that BOSTON, April 10, 2024 /PRNewswire/ — PTC (Nasdaq: PTC) will release its fiscal 2024 second quarter results on Wednesday, May 1 st after the stock market closes. Senior management will host a live webcast and conference call to review the results on Wednesday, May 1 st at 5pm Eastern Time.
PTC’s Market Performance
PTC’s stock has fallen by -0.37% in the past week, with a monthly drop of -2.99% and a quarterly rise of 7.79%. The volatility ratio for the week is 2.19% while the volatility levels for the last 30 days are 1.87% for PTC Inc The simple moving average for the past 20 days is -2.36% for PTC’s stock, with a 14.46% simple moving average for the past 200 days.
Analysts’ Opinion of PTC
Many brokerage firms have already submitted their reports for PTC stocks, with JP Morgan repeating the rating for PTC by listing it as a “Overweight.” The predicted price for PTC in the upcoming period, according to JP Morgan is $200 based on the research report published on January 04, 2024 of the current year 2024.
Oppenheimer, on the other hand, stated in their research note that they expect to see PTC reach a price target of $165. The rating they have provided for PTC stocks is “Outperform” according to the report published on October 30th, 2023.
Piper Sandler gave a rating of “Neutral” to PTC, setting the target price at $150 in the report published on June 14th of the previous year.
PTC Trading at -0.73% from the 50-Day Moving Average
After a stumble in the market that brought PTC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -6.16% of loss for the given period.
Volatility was left at 1.87%, however, over the last 30 days, the volatility rate increased by 2.19%, as shares sank -1.87% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.97% lower at present.
During the last 5 trading sessions, PTC fell by -0.37%, which changed the moving average for the period of 200-days by +31.79% in comparison to the 20-day moving average, which settled at $186.49. In addition, PTC Inc saw 4.18% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PTC starting from LACY PAUL A, who sale 7,500 shares at the price of $187.21 back on Mar 01 ’24. After this action, LACY PAUL A now owns 11,037 shares of PTC Inc, valued at $1,404,084 using the latest closing price.
Kniker Catherine, the Chief Strategy Officer of PTC Inc, sale 1,330 shares at $179.59 during a trade that took place back on Feb 12 ’24, which means that Kniker Catherine is holding 13,864 shares at $238,849 based on the most recent closing price.
Stock Fundamentals for PTC
Current profitability levels for the company are sitting at:
- 0.22 for the present operating margin
- 0.79 for the gross margin
The net margin for PTC Inc stands at 0.11. The total capital return value is set at 0.09. Equity return is now at value 9.10, with 4.28 for asset returns.
Based on PTC Inc (PTC), the company’s capital structure generated 0.47 points at debt to capital in total, while cash flow to debt ratio is standing at 0.25. The debt to equity ratio resting at 0.87. The interest coverage ratio of the stock is -74.62.
Currently, EBITDA for the company is 594.72 million with net debt to EBITDA at 3.55. When we switch over and look at the enterprise to sales, we see a ratio of 10.99. The receivables turnover for the company is 3.22for trailing twelve months and the total asset turnover is 0.35. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.19.
Conclusion
To sum up, PTC Inc (PTC) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
