At the time of writing, PTC Therapeutics Inc [PTCT] stock is trading at $35.32, down -0.59%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The PTCT shares have gain 3.43% over the last week, with a monthly amount glided 8.05%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Raymond James upgraded its rating to Mkt Perform on May 20, 2024. On December 19, 2023, downgrade downgraded it’s rating to Underweight but maintained its price target of $28 on the stock. Wells Fargo started tracking the stock assigning a Overweight rating and suggested a price target of $37 on December 08, 2023. Oppenheimer upgraded its rating to a Outperform but $165 remained the price target by the analyst firm on October 30, 2023. Citigroup downgraded its rating to Sell for this stock on October 27, 2023, and downed its price target to $17. In a note dated October 06, 2023, Truist downgraded an Hold rating on this stock and revised its target price from $45 to $25.
For the past year, the stock price of PTC Therapeutics Inc fluctuated between $17.53 and $41.93. Currently, Wall Street analysts expect the stock to reach $44.33 within the next 12 months. PTC Therapeutics Inc [NASDAQ: PTCT] shares were valued at $35.32 at the most recent close of the market. An investor can expect a potential return of 25.51% based on the average PTCT price forecast.
Analyzing the PTCT fundamentals
According to PTC Therapeutics Inc [NASDAQ:PTCT], the company’s sales were 900.45M for trailing twelve months, which represents an -12.68% plunge. Gross Profit Margin for this corporation currently stands at 0.78% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.55%, and Net Profit Margin reading is -0.53%. To continue investigating profitability, this company’s Return on Assets is posted at -0.25, Equity is 0.57 and Total Capital is -0.15. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -0.31.
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 34.60 points at the first support level, and at 33.88 for the second support level. However, for the 1st resistance point, the stock is sitting at 35.88, and for the 2nd resistance point, it is at 36.44.
Ratios To Look Out For
It is important to note that PTC Therapeutics Inc [NASDAQ:PTCT] has a current ratio of 2.23. As well, the Quick Ratio is 2.17, while the Cash Ratio is 1.07. Considering the valuation of this stock, the price to sales ratio is 3.02.
Transactions by insiders
Recent insider trading involved Gravier Pierre, CHIEF FINANCIAL OFFICER, that happened on Jul 16 ’24 when 2269.0 shares were sold. Director, ZELDIS JEROME B completed a deal on May 22 ’24 to sell 20000.0 shares. Meanwhile, EVP & CHIEF MEDICAL OFFICER Golden Lee Scott sold 175.0 shares on May 07 ’24.
