PTC Inc [PTC] stock is trading at $180.00, up 0.94%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The PTC shares have gain 5.51% over the last week, with a monthly amount drifted -1.06%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
PTC Inc [NASDAQ: PTC] stock has seen the most recent analyst activity on January 04, 2024, when JP Morgan upgraded its rating to a Overweight and also boosted its price target to $200 from $130. Previously, Oppenheimer upgraded its rating to Outperform on October 30, 2023, and kept the price target unchanged to $165. On June 14, 2023, Piper Sandler initiated with a Neutral rating and assigned a price target of $150 on the stock. BMO Capital Markets started tracking the stock assigning a Outperform rating and suggested a price target of $166 on May 24, 2023. KeyBanc Capital Markets upgraded its rating to a Overweight but $155 remained the price target by the analyst firm on January 23, 2023. Berenberg started tracking with a Buy rating for this stock on January 11, 2023, and assigned it a price target of $155.
PTC Inc [PTC] stock has fluctuated between $128.61 and $194.24 over the past year. Currently, Wall Street analysts expect the stock to reach $147.13 within the next 12 months. PTC Inc [NASDAQ: PTC] shares were valued at $180.00 at the most recent close of the market. An investor can expect a potential drop of -18.26% based on the average PTC price forecast.
Analyzing the PTC fundamentals
PTC Inc [NASDAQ:PTC] reported sales of 2.24B for the trailing twelve months, which represents a growth of 11.23%. Gross Profit Margin for this corporation currently stands at 0.79% with Operating Profit Margin at 0.24%, Pretax Profit Margin comes in at 0.18%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.1 and Total Capital is 0.11. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.69.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 178.78 points at the first support level, and at 177.57 for the second support level. However, for the 1st resistance point, the stock is sitting at 180.76, and for the 2nd resistance point, it is at 181.53.
PTC Inc [PTC] reported earnings per share of $1.46 for its fiscal quarter that ended on 3/31/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.23/share, meaning a difference of $0.23 and a surprise factor of 18.70%. By comparison, the stated earnings for the previous quarter ended on 12/31/2023 were $1.11 per share as compared to estimates of $0.96 per share, a difference of $0.15 representing a surprise of 15.60%.
Ratios To Look Out For
For context, PTC Inc’s Current Ratio is 0.76. Also, the Quick Ratio is 0.76, while the Cash Ratio stands at 0.16. Considering the valuation of this stock, the price to sales ratio is 9.61, the price to book ratio is 7.32 and price to earnings (TTM) ratio is 75.18.
Transactions by insiders
Recent insider trading involved Katz Michal, Director, that happened on May 03 ’24 when 3000.0 shares were sold. EVP, GC and Secretary, VON STAATS AARON C completed a deal on May 01 ’24 to sell 2432.0 shares. Meanwhile, Director LACY PAUL A sold 7500.0 shares on Mar 01 ’24.
