The stock price of PTC Inc (NASDAQ: PTC) has plunged by -1.40 when compared to previous closing price of 177.44, but the company has seen a -3.07% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-01 that While the top- and bottom-line numbers for PTC Inc. (PTC) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Is It Worth Investing in PTC Inc (NASDAQ: PTC) Right Now?
PTC Inc (NASDAQ: PTC) has a higher price-to-earnings ratio of 88.39x compared to its average ratio, The 36-month beta value for PTC is at 1.19. Analysts have varying views on the stock, with 7 analysts rating it as a “buy,” 4 rating it as “overweight,” 3 as “hold,” and 1 as “sell.”
The public float for PTC is 118.09M, and currently, shorts hold a 1.91% of that float. The average trading volume for PTC on May 02, 2024 was 829.49K shares.
PTC’s Market Performance
PTC stock saw a decrease of -3.07% in the past week, with a monthly decline of -6.24% and a quarterly a decrease of -3.15%. The volatility ratio for the week is 1.79%, and the volatility levels for the last 30 days are 1.93% for PTC Inc (PTC). The simple moving average for the past 20 days is -3.23% for PTC’s stock, with a 8.05% 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 -4.58% 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 -9.93% of loss for the given period.
Volatility was left at 1.93%, however, over the last 30 days, the volatility rate increased by 1.79%, as shares sank -5.61% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.09% lower at present.
During the last 5 trading sessions, PTC fell by -3.07%, which changed the moving average for the period of 200-days by +19.39% in comparison to the 20-day moving average, which settled at $180.27. In addition, PTC Inc saw 0.00% in overturn over a single year, with a tendency to cut further losses.
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 10.59. 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
In conclusion, PTC Inc (PTC) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
