PTC Inc (NASDAQ:PTC) shares, rose in value, with the stock price up by 0.62% to the previous day’s close as strong demand from buyers drove the stock to $180.99.
Actively observing the price movement in the last trading, the stock closed the session at $179.88. The PE ratio was 91.43 over 12-month period. Referring to stock’s 52-week performance, its high was $194.24, and the low was $120.62. On the whole, PTC has fluctuated by -4.60% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.32B, with a low estimate of 568.7M and a high estimate of 587.8M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 576.5M.
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 Hold 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 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 5.73, with the price of PTC currently trading nearly -0.57% and -1.32% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 48.09, while the 7-day volatility ratio is showing 1.61% which for the 30-day chart, stands at 1.86%. Furthermore, PTC Inc (PTC)’s beta value is 1.19, and its average true range (ATR) is 3.42.
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 0.62% in last session, and over the past year, it grew by 44.56%%.
Data on historical trading for PTC Inc (NASDAQ:PTC) indicates that the trading volumes over the past 3 months, they’ve averaged 828.80K. According to company’s latest data on outstanding shares, there are 118.85 million shares outstanding.
Nearly 1.23% of PTC Inc’s shares belong to company insiders and institutional investors own 95.20% of the company’s shares. The stock has risen by 3.45% 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.
