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PTC Therapeutics Inc (PTCT) Analysis & Forecast for 2024

PTC Therapeutics Inc (NASDAQ: PTCT) is 36.47% higher on its value in year-to-date trading and has touched a low of $17.53 and a high of $44.66 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PTCT stock was last observed hovering at around $36.52 in the last trading session, with the day’s gains setting it 1.09%.

Currently trading at $37.61, the stock is 4.72% and 19.61% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.02 million and changing 2.98% at the moment leaves the stock 34.46% off its SMA200. PTCT registered -11.63% loss for a year compared to 6-month gain of 43.11%.

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The stock witnessed a 21.13% loss in the last 1 month and extending the period to 3 months gives it a 22.51%, and is 0.48% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.93% over the week and 4.70% over the month.

PTC Therapeutics Inc (PTCT) has around 995 employees, a market worth around $2.88B and $927.56M in sales. Profit margin for the company is -62.45%. Distance from 52-week low is 114.55% and -15.79% from its 52-week high.

The EPS is expected to grow by 40.27% this year.

PTC Therapeutics Inc (PTCT) Top Institutional Holders

The shares outstanding are 75.71M, and float is at 74.21M with Short Float at 12.02%.

PTC Therapeutics Inc (PTCT) Insider Activity

The most recent transaction is an insider sale by ZELDIS JEROME B,the company’sDirector. SEC filings show that ZELDIS JEROME B sold 20,000 shares of the company’s common stock on May 22 ’24 at a price of $38.24 per share for a total of $0.76 million. Following the sale, the insider now owns 14500.0 shares.

PTC Therapeutics Inc disclosed in a document filed with the SEC on May 07 ’24 that Golden Lee Scott (EVP & CHIEF MEDICAL OFFICER) sold a total of 175 shares of the company’s common stock. The trade occurred on May 07 ’24 and was made at $32.82 per share for $5744.0. Following the transaction, the insider now directly holds 59813.0 shares of the PTCT stock.

Still, SEC filings show that on Apr 19 ’24, Klein Matthew B. (CHIEF EXECUTIVE OFFICER) disposed off 3,361 shares at an average price of $24.89 for $83669.0. The insider now directly holds 225,807 shares of PTC Therapeutics Inc (PTCT).

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