Analyst Expects PTC Therapeutics Inc (NASDAQ: PTCT) To Make Big Moves

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities.

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Stocks Info

As a NASDAQ listed company, PTCT falls under the Healthcare sector while operating within the Biotechnology industry segment. The current market capitalization of PTC Therapeutics Inc is $2.72B. A total of 0.65 million shares were traded on the day, compared to an average of 756.14K 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.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, PTCT has a high of $41.93 and a low of $17.53.

As of this writing, PTCT has an earnings estimate of -$1.44 per share for the current quarter. EPS was calculated based on a consensus of 12.0 estimates, with a high estimate of -$0.91 per share and a lower estimate of -$2.09. The company reported an EPS of -$1.76 in the last quarter

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s 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 3.50.

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