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PTC Therapeutics (PTCT) Stock Forecast, Price & News

$22.41
-0.25 (-1.10%)
(As of 09/29/2023 ET)
Compare
Today's Range
$22.22
$23.37
50-Day Range
$22.41
$41.80
52-Week Range
$22.03
$59.84
Volume
767,748 shs
Average Volume
839,601 shs
Market Capitalization
$1.69 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$39.57

PTC Therapeutics MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
76.6% Upside
$39.57 Price Target
Short Interest
Bearish
9.79% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-1.38
Upright™ Environmental Score
News Sentiment
0.23mentions of PTC Therapeutics in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$465,007 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($5.46) to ($4.36) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.29 out of 5 stars

Medical Sector

336th out of 973 stocks

Pharmaceutical Preparations Industry

138th out of 450 stocks


PTCT stock logo

About PTC Therapeutics (NASDAQ:PTCT) Stock

PTC Therapeutics, Inc., a biopharmaceutical company, focuses on the discovery, development, and commercialization of medicines to patients with rare disorders. Its portfolio pipeline includes commercial products and product candidates in various stages of development, including clinical, pre-clinical and research and discovery stages, focuses on the development of treatments for multiple therapeutic areas, such as rare diseases. The company offers Translarna and Emflaza for the treatment of Duchenne muscular dystrophy in the European Economic Area and the United States, as well as to treat nonsense mutation Duchenne muscular dystrophy in Brazil and Russia; commercializes Tegsedi and Waylivra for the treatment of rare diseases in Latin America and the Caribbean; and markets Evrysdi for the treatment of spinal muscular atrophy in adults and children two months and older in Brazil. The company's splicing platform includes PTC518, which is being developed for the treatment of Huntington's disease; bio-e platform, such as vatiquinone and utreloxastat; metabolic platform comprising sepiapterin; gene therapy platform, including an asset targeting Friedreich ataxia; oncology platform, such as Unesbulin; and other multi-platform. PTC Therapeutics, Inc. has collaborations with F. Hoffman-La Roche Ltd and Hoffman-La Roche Inc., as well as the Spinal Muscular Atrophy Foundation to advance drug discovery and development research in regenerative medicine; and Akcea Therapeutics, Inc. to commercialize Tegsedi and Waylivra for the treatment of rare diseases in Latin America and the Caribbean. PTC Therapeutics, Inc. was incorporated in 1998 and is headquartered in South Plainfield, New Jersey.

PTCT Price History

PTCT Stock News Headlines

PTC Therapeutics (PTCT) to Cut 25% Jobs by January 2024
66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
PTC Therapeutics (PTCT) Lost 16% in Q2
Wall Street Legend Warns "Mass Bank Run" is Coming
Man who predicted 2023 bank run warns it could soon get worse. Get out of cash and into a new vehicle 50 years in the making. Click here to learn more.
PTC Therapeutics (NASDAQ:PTCT) Price Target Cut to $26.00
PTC Therapeutics (NASDAQ:PTCT) Price Target Cut to $45.00
Citigroup Lowers PTC Therapeutics (NASDAQ:PTCT) to Neutral
PTC Therapeutics (NASDAQ:PTCT) Shares Gap Down on Analyst Downgrade
Citigroup Downgrades PTC Therapeutics (PTCT)
Goldman Sachs Keeps Their Sell Rating on PTC Therapeutics (PTCT)
PTC Therapeutics slumps on European snub for DMD drug
See More Headlines
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PTCT Company Calendar

Last Earnings
8/03/2023
Today
9/29/2023
Next Earnings (Estimated)
10/26/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Pharmaceutical preparations
Sub-Industry
N/A
Sector
Medical
Current Symbol
NASDAQ:PTCT
Employees
1,410
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$39.57
High Stock Price Forecast
$73.00
Low Stock Price Forecast
$22.00
Forecasted Upside/Downside
+77.1%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
13 Analysts

Profitability

Net Income
$-559,020,000.00
Pretax Margin
-84.20%

Debt

Sales & Book Value

Annual Sales
$698.80 million
Book Value
($4.76) per share

Miscellaneous

Free Float
71,352,000
Market Cap
$1.68 billion
Optionable
Optionable
Beta
0.37
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Key Executives

  • Dr. Matthew B. Klein F.A.C.S. (Age 51)
    FACS, M.D., M.S., MS, CEO & Director
    Comp: $995.4k
  • Dr. Stuart W. Peltz Ph.D. (Age 63)
    Co-Founder, Sr. Consultant & Member of Scientific Advisory Board
    Comp: $1.54M
  • Dr. Allan Steven Jacobson Ph.D.Dr. Allan Steven Jacobson Ph.D. (Age 77)
    Co-Founder, Chairman of Scientific Advisory Board & Independent Director
    Comp: $145k
  • Dr. Neil Almstead Ph.D. (Age 56)
    Chief Technical Operations Officer
    Comp: $829.97k
  • Mr. Eric PauwelsMr. Eric Pauwels (Age 62)
    Chief Bus. Officer
    Comp: $847.67k
  • Mr. Pierre Gravier (Age 38)
    Chief Financial Officer
  • Ms. Christine Utter (Age 45)
    Sr. VP, Chief Accounting Officer & Head of People Services
  • Ms. Ellen Welch Ph.D.
    Chief Scientific Officer
  • Alex Kane
    Investor Relations Officer
  • Mr. Mark Elliott BouldingMr. Mark Elliott Boulding (Age 62)
    Exec. VP & Chief Legal Officer













PTCT Stock - Frequently Asked Questions

Should I buy or sell PTC Therapeutics stock right now?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PTC Therapeutics in the last twelve months. There are currently 3 sell ratings, 7 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" PTCT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PTCT, but not buy additional shares or sell existing shares.
View PTCT analyst ratings
or view top-rated stocks.

What is PTC Therapeutics' stock price forecast for 2023?

13 Wall Street analysts have issued 1 year price objectives for PTC Therapeutics' shares. Their PTCT share price forecasts range from $22.00 to $73.00. On average, they predict the company's stock price to reach $39.57 in the next twelve months. This suggests a possible upside of 77.1% from the stock's current price.
View analysts price targets for PTCT
or view top-rated stocks among Wall Street analysts.

How have PTCT shares performed in 2023?

PTC Therapeutics' stock was trading at $38.17 at the start of the year. Since then, PTCT shares have decreased by 41.4% and is now trading at $22.35.
View the best growth stocks for 2023 here
.

When is PTC Therapeutics' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our PTCT earnings forecast
.

How were PTC Therapeutics' earnings last quarter?

PTC Therapeutics, Inc. (NASDAQ:PTCT) issued its quarterly earnings data on Thursday, August, 3rd. The biopharmaceutical company reported ($2.66) earnings per share for the quarter, missing analysts' consensus estimates of ($1.58) by $1.08. The biopharmaceutical company had revenue of $213.80 million for the quarter, compared to analysts' expectations of $206.99 million. The company's revenue for the quarter was up 29.2% on a year-over-year basis. During the same quarter in the previous year, the company earned ($2.13) EPS.

What guidance has PTC Therapeutics issued on next quarter's earnings?

PTC Therapeutics updated its FY 2023 earnings guidance on Wednesday, July, 19th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $940.00M-$1.00 billion, compared to the consensus revenue estimate of $961.42 million.

What is Stuart W. Peltz's approval rating as PTC Therapeutics' CEO?

24 employees have rated PTC Therapeutics Chief Executive Officer Stuart W. Peltz on Glassdoor.com. Stuart W. Peltz has an approval rating of 77% among the company's employees.

What other stocks do shareholders of PTC Therapeutics own?

Based on aggregate information from My MarketBeat watchlists, some companies that other PTC Therapeutics investors own include Baidu (BIDU), Sarepta Therapeutics (SRPT), Alibaba Group (BABA), GW Pharmaceuticals (GWPH), Bausch Health Companies (BHC), NVIDIA (NVDA), Cisco Systems (CSCO), Regulus Therapeutics (RGLS), Aduro Biotech (ADRO) and Gilead Sciences (GILD).

What is PTC Therapeutics' stock symbol?

PTC Therapeutics trades on the NASDAQ under the ticker symbol "PTCT."

How do I buy shares of PTC Therapeutics?

Shares of PTCT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is PTC Therapeutics' stock price today?

One share of PTCT stock can currently be purchased for approximately $22.35.

How much money does PTC Therapeutics make?

PTC Therapeutics (NASDAQ:PTCT) has a market capitalization of $1.68 billion and generates $698.80 million in revenue each year. The biopharmaceutical company earns $-559,020,000.00 in net income (profit) each year or ($8.42) on an earnings per share basis.

How many employees does PTC Therapeutics have?

The company employs 1,410 workers across the globe.

How can I contact PTC Therapeutics?

PTC Therapeutics' mailing address is 100 CORPORATE COURT, SOUTH PLAINFIELD NJ, 07080. The official website for the company is www.ptcbio.com. The biopharmaceutical company can be reached via phone at (908) 222-7000, via email at ehill@ptcbio.com, or via fax at 908-222-7231.

This page (NASDAQ:PTCT) was last updated on 9/29/2023 by MarketBeat.com Staff

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