and a 36-month beta value of 1.38. Opinions on the stock are mixed, with 6 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The average price predicted for PureCycle Technologies Inc. (PCT) by analysts is $14.92, which is $8.74 above the current market price. The public float for PCT is 126.72M, and at present, short sellers hold a 22.13% of that float. On September 18, 2023, the average trading volume of PCT was 2.27M shares.
PCT) stock’s latest price update
PureCycle Technologies Inc. (NASDAQ: PCT)’s stock price has decreased by 0.00 compared to its previous closing price of 6.18. However, the company has seen a -28.06% decrease in its stock price over the last five trading sessions. Accesswire reported 2023-07-19 that ORLANDO, FL / ACCESSWIRE / July 19, 2023 / PureCycle Technologies, Inc. (NASDAQ:PCT), a U.S.-based company revolutionizing plastic recycling, will host a conference call on Wednesday, August 9, 2023, to provide an update on recent corporate developments. A press release discussing such developments and other activity from the second quarter will be provided prior to the conference call.
PCT’s Market Performance
PureCycle Technologies Inc. (PCT) has seen a -28.06% fall in stock performance for the week, with a -38.45% decline in the past month and a -23.13% plunge in the past quarter. The volatility ratio for the week is 11.47%, and the volatility levels for the past 30 days are at 6.60% for PCT. The simple moving average for the last 20 days is -29.90% for PCT stock, with a simple moving average of -20.80% 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 16, 2022 of the previous year 2022.
PCT Trading at -38.56% 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 -48.02% of loss for the given period.
Volatility was left at 6.60%, however, over the last 30 days, the volatility rate increased by 11.47%, as shares sank -36.02% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -41.48% lower at present.
During the last 5 trading sessions, PCT fell by -28.06%, which changed the moving average for the period of 200-days by -1.12% in comparison to the 20-day moving average, which settled at $8.64. In addition, PureCycle Technologies Inc. saw -8.58% in overturn over a single year, with a tendency to cut further losses.
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.
Stock Fundamentals for PCT
The total capital return value is set at -11.83, while invested capital returns managed to touch -12.33. Equity return is now at value -26.00, with -14.40 for asset returns.
Based on PureCycle Technologies Inc. (PCT), the company’s capital structure generated 48.96 points at debt to equity in total, while total debt to capital is 32.87. Total debt to assets is 29.04, with long-term debt to equity ratio resting at 48.96. Finally, the long-term debt to capital ratio is 32.87.
The liquidity ratio also appears to be rather interesting for investors as it stands at 6.17.
To sum up, PureCycle Technologies Inc. (PCT) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.