PureCycle Technologies Inc (NASDAQ:PCT) price on current trading day, fall -2.87% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $12.52.
A look at the stock’s price movement, the close in the last trading session was $12.89, moving within a range at $12.475 and $13.2. The beta value (5-Year monthly) was 1.603. Turning to its 52-week performance, $15.58 and $2.38 were the 52-week high and 52-week low respectively. Overall, PCT moved -0.56% over the past month.
PureCycle Technologies Inc’s market cap currently stands at around $2.17 billion, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 6.55M for the company’s revenue for the quarter, with a low and high estimate of 4.55M and 9.1M respectively.
Turning to the stock’s technical picture we see that short term indicators suggest on average that PCT is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
4 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 4 recommend PCT as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
PCT’s current price about 0.64% and 8.45% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 51.18, while 7-day volatility ratio is 6.45% and 7.59% in the 30-day chart. Further, PureCycle Technologies Inc (PCT) has a beta value of 1.57, and an average true range (ATR) of 0.89. Analysts have given the company’s stock an average 52-week price target of $14, forecast between a low of $6 and high of $37. Looking at the price targets, the low is 52.08% off current price level while to achieve the yearly target high, price needs to move -195.53%. Nonetheless, investors will most likely welcome a -11.82% jump to $14 which is the analysts’ median price.
If we refocus on PureCycle Technologies Inc (NASDAQ:PCT), historical trading data shows that trading volumes averaged 2.46 over the past 10 days and 3.12 million over the past 3 months. The company’s latest data on shares outstanding shows there are 173.49 million shares.
The 15.13% of PureCycle Technologies Inc’s shares are in the hands of company insiders while institutional holders own 92.26% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 39.26 million on 2024-10-31, giving us a short ratio of 13.8. The data shows that as of 2024-10-31 short interest in PureCycle Technologies Inc (PCT) stood at 2773.0 of shares outstanding, with shares short falling to 44.78 million registered in 2024-09-30. Current price change has pushed the stock 209.14% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the PCT stock continues to rise going into the next quarter.
