PureCycle Technologies Inc (NASDAQ:PCT) price on Thursday, February 27, fall -2.64% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $9.22.
A look at the stock’s price movement, the close in the last trading session was $9.47. Turning to its 52-week performance, $15.58 and $4.50 were the 52-week high and 52-week low respectively. Overall, PCT moved -5.58% over the past month.
PureCycle Technologies Inc’s market cap currently stands at around $1.60 billion, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 9.86M for the company’s revenue for the quarter, with a low and high estimate of 8.81M and 10.9M respectively.
Turning to the stock’s technical picture we see that short term indicators suggest on average that PCT is a 50% Sell. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in Hold 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 -0.90% and -6.60% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 44.90, while 7-day volatility ratio is 8.63% and 7.21% in the 30-day chart. Further, PureCycle Technologies Inc (PCT) has a beta value of 1.61, and an average true range (ATR) of 0.71. Analysts have given the company’s stock an average 52-week price target of $25.5, forecast between a low of $14 and high of $37. Looking at the price targets, the low is -51.84% off current price level while to achieve the yearly target high, price needs to move -301.3%. Nonetheless, investors will most likely welcome a -176.57% jump to $25.5 which is the analysts’ median price.
If we refocus on PureCycle Technologies Inc (NASDAQ:PCT), historical trading data shows that trading volumes averaged 2.13 million over the past 3 months. The company’s latest data on shares outstanding shows there are 173.49 million shares.
The 8.53% of PureCycle Technologies Inc’s shares are in the hands of company insiders while institutional holders own 72.29% of the company’s shares. Current price change has pushed the stock -10.05% 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.
