PTC Inc (NASDAQ: PTC)’s stock price has surge by 4.24relation to previous closing price of 189.99. Nevertheless, the company has seen a 5.99% surge in its stock price over the last five trading sessions. zacks.com reported 2024-11-06 that Although the revenue and EPS for PTC Inc. (PTC) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Is It Worth Investing in PTC Inc (NASDAQ: PTC) Right Now?
PTC Inc (NASDAQ: PTC) has a higher price-to-earnings ratio of 80.81x compared to its average ratio, The 36-month beta value for PTC is at 1.16. 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.”
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The public float for PTC is 118.78M, and currently, shorts hold a 2.46% of that float. The average trading volume for PTC on November 07, 2024 was 684.62K shares.
PTC’s Market Performance
PTC stock saw an increase of 5.99% in the past week, with a monthly gain of 11.26% and a quarterly increase of 16.21%. The volatility ratio for the week is 2.04%, and the volatility levels for the last 30 days are 1.83% for PTC Inc (PTC). The simple moving average for the last 20 days is 6.67% for PTC stock, with a simple moving average of 10.31% for the last 200 days.
Analysts’ Opinion of PTC
Many brokerage firms have already submitted their reports for PTC stocks, with Berenberg repeating the rating for PTC by listing it as a “Hold.” The predicted price for PTC in the upcoming period, according to Berenberg is $196 based on the research report published on November 01, 2024 of the current year 2024.
Mizuho, on the other hand, stated in their research note that they expect to see PTC reach a price target of $190, previously predicting the price at $200. The rating they have provided for PTC stocks is “Neutral” according to the report published on June 04th, 2024.
JP Morgan gave a rating of “Overweight” to PTC, setting the target price at $200 in the report published on January 04th of the current year.
PTC Trading at 10.39% 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 able to rebound, for now settling with 1.96% of gains for the given period.
Volatility was left at 1.83%, however, over the last 30 days, the volatility rate increased by 2.04%, as shares surge +9.06% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.48% upper at present.
During the last 5 trading sessions, PTC rose by +5.99%, which changed the moving average for the period of 200-days by +10.75% in comparison to the 20-day moving average, which settled at $185.65. In addition, PTC Inc saw 13.19% 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 $168.75 back on Sep 12 ’24. After this action, CHAFFIN JANICE now owns 40,137 shares of PTC Inc, valued at $674,993 using the latest closing price.
CHAFFIN JANICE, the Director of PTC Inc, proposed sale 4,000 shares at $168.75 during a trade that took place back on Sep 12 ’24, which means that CHAFFIN JANICE is holding shares at $674,993 based on the most recent closing price.
Stock Fundamentals for PTC
Current profitability levels for the company are sitting at:
- 0.23 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 10.53, with 4.79 for asset returns.
Based on PTC Inc (PTC), the company’s capital structure generated 0.38 points at debt to capital in total, while cash flow to debt ratio is standing at 0.38. The debt to equity ratio resting at 0.61. The interest coverage ratio of the stock is 3.95.
Currently, EBITDA for the company is 594.72 million with net debt to EBITDA at 2.65. When we switch over and look at the enterprise to sales, we see a ratio of 11.51. The receivables turnover for the company is 3.29for 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 0.69.
Conclusion
In conclusion, PTC Inc (PTC) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
