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New Insights About PureCycle Technologies Inc. (PCT)

PureCycle Technologies Inc. (NASDAQ:PCT) concluded the trading at $6.90 on Wednesday, November 23 with a rise of 5.67% from its closing price on previous day.

Taking a look at stock we notice that its last check on previous day was $6.53 and 5Y monthly beta was reading 0.96 with its price kept floating in the range of $6.5513 and $7.00 on the day. Considering stock’s 52-week price range provides that PCT hit a high price of $13.68 and saw its price falling to a low level of $4.94 during that period. Over a period of past 1-month, stock came subtracting -18.25% in its value.

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With its current market valuation of $1.14 billion, PureCycle Technologies Inc. is set to declare its quarterly results on Nov 10, 2022. Analysts are in estimates of -$0.11 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving up to -$0.48 for 2022 with estimates of that growing to -$0.53 in next year. These estimates are suggesting current year growth of 36.00% for EPS and -10.40% growth next year.

In last 7 days, analysts came adjusting their opinions about stock’s EPS with no upward and no downward revisions, an indication which could give clearer idea about the company’s short term price movement. In contrast, when we review PCT stock’s current outlook then short term indicators are assigning it an average of 100% Sell, while medium term indicators are categorizing the stock at an average of 100% Sell. Long term indicators are suggesting an average of 50% Sell for it.

Digging deeper we become aware of the PEG ratio of the PCT stock which is currently positioned at 0. It further provides that stock’s current price level is -5.38% away from its 20-day simple moving average and is -14.20% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 44.68 while volatility remained at 7.63% over the past week which changes to 7.57% when measuring it over the past month. Average true range or ATR is currently at 0.52.

Having a second look at PureCycle Technologies Inc. (NASDAQ:PCT) provides that stock’s average daily trading volume for 3 months was 1.06 million, while it jumped to 1.56 million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 163.51 million.

The percentage of outstanding shares held by the insiders is 3.80% while it is 60.50% for the institutional holders. The figures also indicate that as of Oct 13, 2022, number of stock’s short shares was 18.85 million which implies a short ratio of 14.22. This shows up a 11.53% of Short Interest in company’s outstanding shares on the day. In October the standing of shares short improved as it was 17.46 million in the previous month. Subtraction of -27.90% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.

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