PTC Inc (NASDAQ:PTC) saw a downside of -0.80% to close Friday at $140.65 after subtracting -$1.14 on the day. The 5-day average trading volume is 739,140 shares of the company’s common stock. It has gained $144.99 in the past week and touched a new high 2 times within the past 5 days. An average of 773,440 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 832,582.
PTC’s 1-month performance is -1.55% or -$0.87 on its low of $137.60 reached on 09/13/23. The company’s shares have touched a 52-week low of $101.82 and high of $152.09, with the stock’s rally to the 52-week high happening on 07/27/23. YTD, PTC has achieved 17.17% or $20.61 and has reached a new high 22 times. However, the current price is down -7.52% from the 52-week high price.
Insider Transactions
PTC stock investors last saw insider trading activity on Sep 15.Ditullio Michael (President and COO) most recently sold 3,000 shares at $140.71 per share on Sep 15. This transaction cost the insider $422,130. Director, Lathan Corinna, sold 800 shares at a price of $140.71 on Sep 15. Then, on Jul 31, Director Moret Blake D. sold 80,000 shares at a price of $145.58 per share. This transaction amounted to $11,646,577.
Valuation Metrics
PTC stock has a beta of 1.18. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 8.12 while the price-to-book (PB) in the most recent quarter is 6.43, with the price to cash flow ratio at 29.68.
PTC Inc’s quick ratio for the period ended June 29 was 0.68, with the current ratio over the same period at 0.68. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.74, while the total debt to equity was 0.74. In terms of profitability, the gross margin trailing 12 months is 77.69%. The trailing 12-month EBITDA margin is 32.01% while for the period ending June 29, PTC Inc’s operating margin was 24.42%. The firm’s gross profit as reported stood at $1.55 billion against revenue of $1.93 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -14.79% to $61.4 million, while revenue of $63.5 million was -3.42% off the previous quarter. Analysts expected PTC to announce $1 per share in earnings in its latest quarter, but it posted $0.99, representing a -1.00% surprise. EBITDA for the quarter stood at more than $145.95 million. PTC stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 3.61 billion, with total debt at $1.93 billion. Shareholders hold equity totaling $118.83 million.
Let’s look briefly at PTC Inc (PTC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 September was 39.33% to suggest the stock is trending Neutral, with historical volatility in this time period at 17.65%.
The stock’s 5-day moving average is $142.26, reflecting a -0.57% or -$0.80 change from its current price. PTC is currently trading +0.29% above its 20-day SMA, +11.96% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -3.31% and SMA200 by+14.04%.
Stochastic %K and %D was 40.23% and 45.68% and the average true range (ATR) pointed at 2.33. The RSI (14) points at 42.75%, while the 14-day stochastic is at 30.82% with the period’s ATR at 2.40. The stock’s 9-day MACD Oscillator is pointing at 0.40 and -0.81 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for PTC Inc (NASDAQ: PTC), Piper Sandler launched coverage with a Neutral rating. Analysts offering their rating for PTC stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate PTC as a “sell,”, while 6 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 12 have offered a “buy” rating.
What is PTC’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $130.00 and a high of $180.00, with their median price target at $165.00. Looking at these predictions, the average price target given by analysts is for PTC Inc (PTC) stock is $164.00.
