PTC Stock Summary and Trading Ideas (PTC | NASDAQ:PTC)

PTC offers high-end computer-assisted design (Creo) and product lifecycle management (Windchill) software as well as Internet of Things and AR industrial solutions. Founded in 1985, PTC has 28,000 customers, with revenue stemming mostly from North America (45%) and Europe (40%).

PTC trades on the NASDAQ stock market under the symbol PTC.

As of April 19, 2024, PTC stock price climbed to $176.37 with 639,132 million shares trading.

PTC has a beta of 1.31, meaning it tends to be more sensitive to market movements. PTC has a correlation of 0.59 to the broad based SPY ETF.

PTC has a market cap of $21.09 billion. This is considered a Large Cap stock.

Last quarter PTC reported $550 million in Revenue and $1.11 earnings per share. This beat revenue expectation by $11 million and exceeded earnings estimates by $.15.

In the last 3 years, PTC stock traded as high as $194.24 and as low as $96.55.

The top ETF exchange traded funds that PTC belongs to (by Net Assets): VTI, VOO, VB, VBK, SPY.

PTC has outperformed the market in the last year with a return of +37.6%, while the SPY ETF gained +21.2%. However, in the most recent history, PTC shares have underperformed the stock market with its stock returning +1.8% in the last 3 month period and -3.6% for the last 2 week period, while SPY has returned +4.3% and -3.5%, respectively.

PTC support price is $173.19 and resistance is $178.21 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PTC stock will trade within this expected range on the day.