The stock of PTC Inc. (NASDAQ:PTC) increased by $4.61 on Friday to finish at $144.85, up 3.29 percent. The last five days have seen an average of 686,320 shares of common stock traded. 22 times new highs were reached in the current year, with a gain of $24.81. The average number of shares traded over the last 20 days was 935,865, while the average volume over the last 50 days totaled 830,456.
PTC stock dropped -0.30% since last month. On 08/18/23, the company’s shares reached a one-month low of $139.03. The stock touched a high of $152.09 on 07/27/23, after rallying from a low of $101.82 in 52 weeks. The price of PTC stock has risen by 20.67% or $24.81 this year, reaching a new high 22 times. Still, the stock price is down -4.76% from the 52-week high.
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Insider Transactions
PTC stock investors should be aware that PTC Inc. (PTC) stock had its last reported insider trading activity 28 days ago on Jul 31. On Jul 31, Director Moret Blake D. sold 80,000 shares at $145.58 each. This transaction resulted in the insider making $11,646,577. On Jul 28, Moret Blake D. sold 80,000 shares at a price of US$145.00. After the transaction, the insider now owns 5,990,905 shares. Director LACY PAUL A had earlier sold 2,500 shares on Jul 27 for $150.48 a share. The transaction was completed for $376,209.
Valuation Metrics
PTC Inc. (PTC) has a trailing price-to-earnings (P/E) ratio of 56.14. Beta for the stock is 1.18. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 8.10, the price-to-book (PB) ratio of 6.61, and the price-to-cash flow ratio of 29.19.
Financial Health
For the three months ended June 29, PTC Inc.’s quick ratio was 0.70, while its current ratio was 0.70, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.67, and the total debt to equity ratio is 0.67. As far as profitability goes, gross margin for the trailing twelve months is 79.60% percent. PTC Inc.’s EBITDA margin for the year ended June 29 was 32.01%, whereas its operating margin stood at 23.50% for the same period. Based on annual data, it had gross profit of $1.55 billion and revenue of $1.93 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. PTC’s return on assets (ROA) during the last 12 months has been 5.60%. There was a 10.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 12.50%.
Earnings Surprise
According to PTC Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $541.49 million, while revenues rose by 14.59% to $542.18 million. It was predicted that PTC Inc.’s quarterly earnings would be $0.99, but it ended up being $1, beating the consensus by -1.00%. EBITDA was $145.95 million for the quarter. At the end of PTC Inc.’s most recent quarter ended June 29, its liabilities totaled 3.61 billion, while its total debt was $1.93 billion. Equity owned by shareholders amounts to $118.83 million.
Technical Picture
Here’s a quick look at PTC Inc.’s (PTC) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 57.55%, suggesting the stock is Neutral, with a 24.57% historical volatility rate.
The stochastic %K and %D were 48.79% and 39.91% respectively, while the average true range (ATR) was 2.98. Based on the 14-day stochastic reading of 78.44%, the RSI (14) reading is 55.18%. On the 9-day MACD Oscillator, the stock is at 0.33, and the 14-day reading is at -0.06.
Analyst Ratings
In its analyst report released on June 14, 2023, Piper Sandler began covering PTC Inc. (NASDAQ: PTC). The stock was rated as a Neutral by the brokerage firm. Analysts have assigned PTC Inc. (PTC) an Overweight rating. PTC is a stock that is recommended for selling by 0 brokerage firms, while 6 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 12 others recommend it as a buy.
What is PTC’s price target for the next 12 months?
The current consensus forecast for the stock is between $130.00 and $180.00, with a median target price of $165.00. In analyzing these forecasts, the average price target given by analysts for PTC Inc. (PTC) is $164.00.
