Technical Outlook And Game Plan For PTC Inc (NASDAQ: PTC)

PTC Inc (PTC) concluded trading on Wednesday at a closing price of $184.36, with 0.49 million shares of worth about $90.84 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 4.34% during that period and on January 08, 2025 the price saw a gain of about 0.69%. Currently the company’s common shares owned by public are about 120.16M shares, out of which, 118.99M shares are available for trading.

Stock saw a price change of 0.27% in past 5 days and over the past one month there was a price change of -8.24%. Year-to-date (YTD), PTC shares are showing a performance of 0.27% which increased to 8.67% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $163.30 but also hit the highest price of $203.09 during that period. The average intraday trading volume for PTC Inc shares is 753.02K. The stock is currently trading -2.73% below its 20-day simple moving average (SMA20), while that difference is down -3.98% for SMA50 and it goes to 1.47% higher than SMA200.

PTC Inc (NASDAQ: PTC) currently have 120.16M outstanding shares and institutions hold larger chunk of about 98.89% of that.

The stock has a current market capitalization of $22.19B and its 3Y-monthly beta is at 1.19. PE ratio of stock for trailing 12 months is 59.18, while it has posted earnings per share of $3.12 in the same period. Its PEG reads 3.60 and has Quick Ratio of 0.75 while making debt-to-equity ratio of 0.60. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for PTC, volatility over the week remained 1.64% while standing at 1.80% over the month.

Stock’s fiscal year EPS is expected to rise by 17.01% while it is estimated to increase by 17.11% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Berenberg on November 01, 2024 offering a Hold rating for the stock and assigned a target price range of between $210 and $196 to it. Coverage by Mizuho stated PTC Inc (PTC) stock as a Neutral in their note to investors on June 04, 2024, suggesting a price target of $190 for the stock. On January 04, 2024, JP Morgan Upgrade their recommendations, while on October 30, 2023, Oppenheimer Upgrade their ratings for the stock with a price target of $165. Stock get a Neutral rating from Piper Sandler on June 14, 2023.

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