As of Friday close, PTC Inc.’s (NASDAQ:PTC) stock was down -$1.25, moving down -0.89 percent to $139.93. The average number of shares traded per day over the past five days has been 649,120 shares. 2 times new highs have been achieved over the past 5 days, with a -$3.33 fall in that time frame. In the last twenty days, the average volume was 1,024,050, while in the previous 50 days, it was 823,186.
Since last month, PTC stock retreated -2.56%. Shares of the company fell to $139.03 on 08/18/23, the lowest level in the past month. A 52-week high of $152.09 was reached on 07/27/23 after having rallying from a 52-week low of $101.82. Since the beginning of this year, PTC’s stock price has risen by 16.57% or $19.89, and marked a new high 22 times. However, the stock has declined by -8.00% since its 52-week high.
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PTC stock investors should be aware that PTC Inc. (PTC) stock had its last reported insider trading activity 19 days ago on Jul 31. Moret Blake D., the Director of the company, disposed of 80,000 shares for $145.58 on Jul 31. It resulted in a $11,646,577 divestment by the insider. Moret Blake D. sold 80,000 shares at an average price of $145.00 on Jul 28. The insider now owns 5,990,905 shares following the transaction. On Jul 27, Director LACY PAUL A sold 2,500 shares at $150.48 apiece. The transaction was valued at $376,209.
Valuation Metrics
Right now, PTC Inc. (PTC) has a P/E ratio of about 54.24. The stock’s beta is 1.18. Besides these, the trailing price-to-sales (P/S) ratio of 8.04, the price-to-book (PB) ratio of 6.38, and the price-to-cash flow ratio of 28.97 may also be considered.
Financial Health
In the three months ended June 29, PTC Inc.’s quick ratio stood at 0.70, while its current ratio was 0.70, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.67, and the total debt-to-equity ratio was 0.67. On the profitability front, the trailing twelve-month gross margin is 79.60% percent. In the year ended June 29, EBITDA margin amounted to 32.01%, whereas operating margins totaled 23.50%. Based on annual data, PTC earned $1.55 billion in gross profit and brought in $1.93 billion in revenue.
In PTC Inc.’s quarter-end financial report for June 29, it reported total debt of $1.74 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. PTC’s revenue rose 14.59% to $542.18 million during the quarter, while net income inched up to $541.49 million. While analysts expected PTC Inc. to report $1 quarterly earnings, the actual figure was $0.99 per share, beating the consensus estimate by -1.00%. During the quarter, the company generated $145.95 million in EBITDA. The liabilities of PTC Inc. were 3.61 billion at the end of its most recent quarter ended June 29, and its total debt was $1.93 billion. The value of shareholders’ equity is $118.83 million.
Technical Picture
This quick technical analysis looks at PTC Inc.’s (PTC) price momentum. With a historical volatility rate of 15.78%, the RSI 9-day stood at 34.41% on 18 August.
With respect to its five-day moving average, the current PTC Inc. price is down by -2.32% percent or -$3.33. At present, PTC shares trade -3.85% below its 20-day simple moving average and +13.61% percent above its 100-day simple moving average. However, the stock is currently trading approximately +2.93% above its SMA50 and +18.76% above its SMA200.
Stochastic coefficient K was 23.14% and Stochastic coefficient D was 33.40%, while ATR was 2.78. Given the Stochastic reading of 10.49% for the 14-day period, the RSI (14) reading has been calculated as 40.89%. As of today, the MACD Oscillator reading stands at -1.25, while the 14-day reading stands at -1.43.
Analyst Ratings
Piper Sandler launched its rating on PTC Inc. (NASDAQ: PTC) to a Neutral in a note to investors on June 14, 2023. PTC Inc. (PTC) has been rated Overweight by analysts. According to 0 brokerage firms, PTC is a sell, and 6 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate PTC Inc. stock as buy, with 12 recommending it as overweight.
With a median target price of $165.00, the current consensus forecast for the stock is $130.00 – $180.00. Based on these forecasts, analysts predict PTC Inc. (PTC) will achieve an average price target of $164.00.
