PureCycle Technologies Inc (NASDAQ:PCT) price on current trading day, rose 4.03% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $8.01.
A look at the stock’s price movement, the close in the last trading session was $7.70, moving within a range at $7.63 and $8.06. The beta value (5-Year monthly) was 1.59. Turning to its 52-week performance, $15.58 and $4.50 were the 52-week high and 52-week low respectively. Overall, PCT moved -26.51% over the past month.
PureCycle Technologies Inc’s market cap currently stands at around $1.44 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-26.
Analysts have a consensus estimate of 3.58M for the company’s revenue for the quarter, with a low and high estimate of 1.5M and 7.3M respectively.
Turning to the stock’s technical picture we see that short term indicators suggest on average that PCT is a 100% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell 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 -8.24% and -12.62% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 43.69, while 7-day volatility ratio is 7.17% and 9.01% in the 30-day chart. Further, PureCycle Technologies Inc (PCT) has a beta value of 1.68, and an average true range (ATR) of 0.73. 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 -74.78% off current price level while to achieve the yearly target high, price needs to move -361.92%. Nonetheless, investors will most likely welcome a -218.35% 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 2.7 over the past 10 days and 2.30 million over the past 3 months. The company’s latest data on shares outstanding shows there are 164.28 million shares.
The 8.51% of PureCycle Technologies Inc’s shares are in the hands of company insiders while institutional holders own 69.97% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 41.81 million on 2025-02-28, giving us a short ratio of 16.63. The data shows that as of 2025-02-28 short interest in PureCycle Technologies Inc (PCT) stood at 2836.0000000000005 of shares outstanding, with shares short rising to 39.22 million registered in 2025-01-31. Current price change has pushed the stock -21.85% 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.
