PureCycle Technologies Inc. (NASDAQ: PCT)’s stock price has decreased by -1.39 compared to its previous closing price of 4.68. However, the company has seen a fall of -9.51% in its stock price over the last five trading days.
Is It Worth Investing in PureCycle Technologies Inc. (NASDAQ: PCT) Right Now?
There are mixed opinions on the stock, with 6 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for PCT is 109.02M, and at present, short sellers hold a 19.61% of that float. The average trading volume of PCT on March 15, 2023 was 1.49M shares.
PCT’s Market Performance
The stock of PureCycle Technologies Inc. (PCT) has seen a -9.51% decrease in the past week, with a -42.17% drop in the past month, and a -25.08% fall in the past quarter. The volatility ratio for the week is 11.49%, and the volatility levels for the past 30 days are at 8.41% for PCT. The simple moving average for the last 20 days is -25.37% for PCT stock, with a simple moving average of -40.90% for the last 200 days.
Analysts’ Opinion of PCT
Many brokerage firms have already submitted their reports for PCT stocks, with Stifel repeating the rating for PCT by listing it as a “Buy.” The predicted price for PCT in the upcoming period, according to Stifel is $15 based on the research report published on September 16th of the previous year 2022.
Cowen, on the other hand, stated in their research note that they expect to see PCT reach a price target of $31. The rating they have provided for PCT stocks is “Outperform” according to the report published on September 23rd, 2021.
Jefferies gave a rating of “Buy” to PCT, setting the target price at $25 in the report published on August 26th of the previous year.
PCT Trading at -35.92% from the 50-Day Moving Average
After a stumble in the market that brought PCT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -57.85% of loss for the given period.
Volatility was left at 8.41%, however, over the last 30 days, the volatility rate increased by 11.49%, as shares sank -40.06% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -32.63% lower at present.
During the last 5 trading sessions, PCT fell by -9.51%, which changed the moving average for the period of 200-days by -50.54% in comparison to the 20-day moving average, which settled at $6.03. In addition, PureCycle Technologies Inc. saw -31.73% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PCT starting from Olson Dustin, who sale 1,174 shares at the price of $6.51 back on Dec 04. After this action, Olson Dustin now owns 484,045 shares of PureCycle Technologies Inc., valued at $7,643 using the latest closing price.
Scott John Stewart, the Director of PureCycle Technologies Inc., sale 72,716 shares at $7.42 during a trade that took place back on Jul 20, which means that Scott John Stewart is holding 1,159,709 shares at $539,211 based on the most recent closing price.
Stock Fundamentals for PCT
Equity return is now at value -18.80, with -11.40 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.42.
Conclusion
In summary, PureCycle Technologies Inc. (PCT) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
