Momentum Is Strong For PTC Therapeutics Inc (NASDAQ: PTCT)

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.

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Stocks Info

This NASDAQ-listed company operates within the Biotechnology industry segment, falling under the Healthcare sector. The current market capitalization of PTC Therapeutics Inc is $3.27B. A total of 1.17 million shares were traded on the day, compared to an average of 637.33K shares.

In the most recent transaction, Gravier Pierre sold 2,269 shares of PTCT for 34.02 per share on Jul 16 ’24. After the transaction, the CHIEF FINANCIAL OFFICER now owns 53,531 company shares. In a previous transaction on May 22 ’24, ZELDIS JEROME B sold 20,000 shares at 38.24 per share. PTCT shares that Director owns now total 14,500.

Among the insiders who sold shares, Golden Lee Scott disposed of 175 shares on May 07 ’24 at a per-share price of $32.82. This resulted in the EVP & CHIEF MEDICAL OFFICER holding 59,813 shares of PTCT after the transaction. In another insider transaction, Klein Matthew B. sold 3,361 shares at $24.89 per share on Apr 19 ’24. Company shares held by the CHIEF EXECUTIVE OFFICER now total 225,807.

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. In terms of 52-week highs and lows, PTCT has a high of $41.81 and a low of $17.53.

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. PTCT’s latest balance sheet shows that the firm has $773.38M in Cash & Short Term Investments as of fiscal 2021. There were $535.38M in debt and $509.35M in liabilities at the time. Its Book Value Per Share was -$12.75, while its Total Shareholder’s Equity was $1.44M.

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 PTCT is Buy with a score of 3.56.

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