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Think You Need A Good Stock? Look At This PureCycle Technologies Inc. (NASDAQ: PCT) Analysis

PureCycle Technologies Inc. (NASDAQ:PCT) traded at $9.36 at close of the session on Monday, 01/23/23, made an upward move of 0.65% on its previous day’s price.

Looking at the stock we see that its previous close was $9.30 and the beta (5Y monthly) reads 0.96 with the day’s price range being $9.15 – $10.0396. In terms of its 52-week price range, PCT has a high of $10.95 and a low of $4.94. The company’s stock has gained about 44.89% over that past 30 days.

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PureCycle Technologies Inc. has a market cap of $1.40 billion and is expected to release its quarterly earnings report on Mar 07, 2023 – Mar 13, 2023. Estimates by analysts give the company expected earnings per share (EPS) of -$0.11, with the EPS growth for the year raised at -$0.48 for 2022 and -$0.53 for next year. These figures represent 36.00% and -10.40% growth in EPS for the two years respectively.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the PCT stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 50% Buy.

Looking further, we note the current price level is 30.74% off its SMA20 and 37.95% from its 50-day simple moving average. The RSI (14) is pointing at 75.57 while the volatility over the past week is 10.63% and jumps to 7.99% over the past one month.

Coming back to PureCycle Technologies Inc. (NASDAQ:PCT), we note that the average 3-month trading volume was 1.15 million, while that of the preceding 10-day period stands at 1.37 million. Current shares outstanding are 163.51 million.

The insiders hold 3.80% of the company’s shares while institutions hold 60.60%. The data shows that short shares as of Oct 13, 2022, stood at 18.85 million at a short ratio of 14.22. This represents a 11.53% short interest in shares outstanding on Oct 13, 2022. Shares short rose in October from the previous month at 17.46 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 38.46% up in year-to-date price movement.

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