28-Mar-2024
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PTC Will Participate in Upcoming Investor Conferences
PRNewswire (Tue, 27-Feb 7:00 AM ET)
HungerRush Appoints Mike Jerich as CEO
Business Wire (Mon, 5-Feb 11:00 AM ET)
PTC Announces First Fiscal Quarter 2024 Results
PRNewswire (Wed, 31-Jan 4:01 PM ET)
PTC to Announce Fiscal Q1'24 Results on Wednesday, January 31st, 2024
PRNewswire (Thu, 11-Jan 9:45 AM ET)
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 March 28, 2024, PTC stock price declined to $188.94 with 479,140 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 $22.59 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 price return of +53.4% while the SPY ETF gained +33.6%. However, in the short term, PTC had mixed performance relative to the market. It has underperformed in the last 3 months, returning +7.5% vs +10.1% return in SPY. But in the last 2 weeks, PTC shares have fared better than the market returning +1.7% compared to SPY +1.7%.
PTC support price is $187.03 and resistance is $192.39 (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.