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Saturday, June 3, 2023

Momentum Is Strong For PTC Inc. (NASDAQ: PTC)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for PTC Inc. (PTC) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.66, or -0.50%, to $130.27. The PTC Inc. has recorded 44,780 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed PTC Brings Creo to the Cloud with Introduction of Creo+.

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Stocks Info

This NASDAQ-listed company operates within the Software – Application industry segment, falling under the Technology sector. At the end of the last regular session, the stock closed at $130.93 and fluctuated between $131.70 as its day high and $129.91 as its day low. The current market capitalization of PTC Inc. is $15.45B. A total of 1.13 million shares were traded on the day, compared to an average of 695.31K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, PTC has seen 1 BUY and 43 SELL insider trades, representing the acquisition of 1,756 and the disposition of 316,248 shares. Over the last 12 months, there were 22 BUYs and 176 SELLs from insiders. Insiders purchased 456,709 shares during that period but sold 1,637,015.

In the most recent transaction, Moret Blake D. sold 18,000 shares of PTC for 130.80 per share on May 25. After the transaction, the Director now owns 6,070,905 company shares. In a previous transaction on May 24, Moret Blake D. sold 40,000 shares at 130.21 per share. PTC shares that Director owns now total 6,088,905.

Among the insiders who sold shares, Moret Blake D. disposed of 40,000 shares on May 23 at a per-share price of $131.67. This resulted in the Director holding 6,128,905 shares of PTC after the transaction. In another insider transaction, Moret Blake D. sold 40,000 shares at $134.59 per share on May 22. Company shares held by the Director now total 6,168,905.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for PTC in the last 3 months, the mean price target is $155.41 with high estimates of $170.00 and low estimates of $130.00. In terms of 52-week highs and lows, PTC has a high of $139.91 and a low of $97.97.

As of this writing, PTC has an earnings estimate of $1 per share for the current quarter. EPS was calculated based on a consensus of 16 estimates, with a high estimate of $1.13 per share and a lower estimate of $0.76. The company reported an EPS of $0.99 in the last quarter, which was -3.90% lower than expectations of $1.03.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. PTC’s latest balance sheet shows that the firm has $326.53M in Cash & Short Term Investments as of fiscal 2021. There were $1.65B in debt and $779.28M in liabilities at the time. Its Book Value Per Share was $21.30, while its Total Shareholder’s Equity was $2.04B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PTC is Buy with a score of 4.53.

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