PureCycle Technologies Inc (NASDAQ:PCT) price on Wednesday, May 21, fall -7.08% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $8.14.
A look at the stock’s price movement, the close in the last trading session was $8.76, moving within a range at $8.12 and $8.825. The beta value (5-Year monthly) was 1.727. Turning to its 52-week performance, $15.58 and $4.50 were the 52-week high and 52-week low respectively. Overall, PCT moved 27.39% over the past month.
PureCycle Technologies Inc’s market cap currently stands at around $1.46 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-May-06.
Analysts have a consensus estimate of 4.04M for the company’s revenue for the quarter, with a low and high estimate of 2.4M and 8.08M respectively.
Turning to the stock’s technical picture we see that short term indicators suggest on average that PCT is a Hold. 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 100% 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 8.42% and 14.05% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 55.91, while 7-day volatility ratio is 6.98% and 6.49% in the 30-day chart. Further, PureCycle Technologies Inc (PCT) has a beta value of 1.81, and an average true range (ATR) of 0.59. Analysts have given the company’s stock an average 52-week price target of $11, forecast between a low of $6 and high of $37. Looking at the price targets, the low is 26.29% off current price level while to achieve the yearly target high, price needs to move -354.55%. Nonetheless, investors will most likely welcome a -35.14% jump to $11 which is the analysts’ median price.
If we refocus on PureCycle Technologies Inc (NASDAQ:PCT), historical trading data shows that trading volumes averaged 4.07 over the past 10 days and 2.86 million over the past 3 months. The company’s latest data on shares outstanding shows there are 179.53 million shares.
The 8.56% of PureCycle Technologies Inc’s shares are in the hands of company insiders while institutional holders own 74.53% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 49.91 million on 2025-04-30, giving us a short ratio of 16.44. The data shows that as of 2025-04-30 short interest in PureCycle Technologies Inc (PCT) stood at 4651.0 of shares outstanding, with shares short rising to 46.74 million registered in 2025-03-31. Current price change has pushed the stock -20.59% 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.
