The stock price of PTC Inc (NASDAQ: PTC) has jumped by 0.59 compared to previous close of 182.89. Despite this, the company has seen a gain of 3.59% in its stock price over the last five trading days. zacks.com reported 2024-07-03 that PTC’s performance gains from solid momentum across the PLM and CAD business segments.
Is It Worth Investing in PTC Inc (NASDAQ: PTC) Right Now?
The price-to-earnings ratio for PTC Inc (NASDAQ: PTC) is above average at 76.84x. The 36-month beta value for PTC is also noteworthy at 1.18. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 4 rating it as “overweight,” 3 rating it as “hold,” and 1 rating it as “sell.”
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The public float for PTC is 118.35M, and at present, short sellers hold a 2.46% of that float. The average trading volume of PTC on July 04, 2024 was 778.71K shares.
PTC’s Market Performance
The stock of PTC Inc (PTC) has seen a 3.59% increase in the past week, with a 5.66% rise in the past month, and a -0.74% fall in the past quarter. The volatility ratio for the week is 1.94%, and the volatility levels for the past 30 days are at 1.73% for PTC.. The simple moving average for the past 20 days is 4.36% for PTC’s stock, with a 8.71% simple moving average for the past 200 days.
Analysts’ Opinion of PTC
Many brokerage firms have already submitted their reports for PTC stocks, with Mizuho repeating the rating for PTC by listing it as a “Neutral.” The predicted price for PTC in the upcoming period, according to Mizuho is $190 based on the research report published on June 04, 2024 of the current year 2024.
JP Morgan, on the other hand, stated in their research note that they expect to see PTC reach a price target of $200, previously predicting the price at $130. The rating they have provided for PTC stocks is “Overweight” according to the report published on January 04th, 2024.
Oppenheimer gave a rating of “Outperform” to PTC, setting the target price at $165 in the report published on October 30th of the previous year.
PTC Trading at 3.25% 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 -5.29% of loss for the given period.
Volatility was left at 1.73%, however, over the last 30 days, the volatility rate increased by 1.94%, as shares surge +7.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.04% upper at present.
During the last 5 trading sessions, PTC rose by +3.59%, which changed the moving average for the period of 200-days by +30.06% in comparison to the 20-day moving average, which settled at $176.90. In addition, PTC Inc saw 5.15% 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 CHAFFIN JANICE, who sale 4,000 shares at the price of $178.20 back on Jun 12 ’24. After this action, CHAFFIN JANICE now owns 52,137 shares of PTC Inc, valued at $712,817 using the latest closing price.
Kniker Catherine, the Chief Strategy Officer of PTC Inc, sale 1,254 shares at $173.45 during a trade that took place back on Jun 03 ’24, which means that Kniker Catherine is holding 13,598 shares at $217,507 based on the most recent closing price.
Stock Fundamentals for PTC
Current profitability levels for the company are sitting at:
- 0.24 for the present operating margin
- 0.79 for the gross margin
The net margin for PTC Inc stands at 0.13. The total capital return value is set at 0.11. Equity return is now at value 10.54, with 4.60 for asset returns.
Based on PTC Inc (PTC), the company’s capital structure generated 0.41 points at debt to capital in total, while cash flow to debt ratio is standing at 0.32. The debt to equity ratio resting at 0.69. The interest coverage ratio of the stock is 7.93.
Currently, EBITDA for the company is 594.72 million with net debt to EBITDA at 2.89. When we switch over and look at the enterprise to sales, we see a ratio of 10.69. The receivables turnover for the company is 3.12for trailing twelve months and the total asset turnover is 0.36. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.76.
Conclusion
In summary, PTC Inc (PTC) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
