PTC Inc (NASDAQ:PTC) shares, rose in value on Friday, November 01, with the stock price down by -0.16% to the previous day’s close as strong demand from buyers drove the stock to $185.03.
Actively observing the price movement in the last trading, the stock closed the session at $185.33, falling within a range of $182.361 and $187.49. The value of beta (5-year monthly) was 1.175 whereas the PE ratio was 75.50 over 12-month period. Referring to stock’s 52-week performance, its high was $194.24, and the low was $135.16. On the whole, PTC has fluctuated by 4.50% over the past month.
With the market capitalization of PTC Inc currently standing at about $22.23 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-06.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.29B, with a low estimate of 606.5M and a high estimate of 626.3M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 620.53M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that PTC’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 4.89, with the price of PTC currently trading nearly 0.68% and 3.66% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 55.01, while the 7-day volatility ratio is showing 2.33% which for the 30-day chart, stands at 1.72%. Furthermore, PTC Inc (PTC)’s beta value is 1.17, and its average true range (ATR) is 3.53.
A comparison of PTC Inc (PTC) with its peers suggests the former has fared considerably weaker in the market. PTC showed an intraday change of -0.16% in last session, and over the past year, it grew by 33.22%%.
Data on historical trading for PTC Inc (NASDAQ:PTC) indicates that the trading volumes over the past 10 days have averaged 0.62 and over the past 3 months, they’ve averaged 713.03K. According to company’s latest data on outstanding shares, there are 118.85 million shares outstanding.
Nearly 1.13% of PTC Inc’s shares belong to company insiders and institutional investors own 99.08% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.92 million shares as on 2024-10-15, resulting in a short ratio of 4.68. According to the data, the short interest in PTC Inc (PTC) stood at 275.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 2.85 million. The stock has risen by 5.76% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PTC stock heading into the next quarter.
