PureCycle Technologies Inc (NASDAQ: PCT) has seen a rise in its stock price by 12.37 in relation to its previous close of 8.00. However, the company has experienced a 87.29% gain in its stock price over the last five trading sessions. fool.com reported 2024-09-11 that PureCycle is a pre-revenue plastics recycling company on the verge of commercialization. The cash-strapped company received a cash infusion from its private equity partners and announced progress at its Ironton facility.
Is It Worth Investing in PureCycle Technologies Inc (NASDAQ: PCT) Right Now?
Company’s 36-month beta value is 1.58.Analysts have differing opinions on the stock, with 2 analysts rating it as a “buy,” 1 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for PCT is 140.04M, and currently, short sellers hold a 33.25% ratio of that floaft. The average trading volume of PCT on September 13, 2024 was 1.92M shares.
PCT’s Market Performance
PCT’s stock has seen a 87.29% increase for the week, with a 53.94% rise in the past month and a 56.35% gain in the past quarter. The volatility ratio for the week is 16.85%, and the volatility levels for the past 30 days are at 8.72% for PureCycle Technologies Inc The simple moving average for the past 20 days is 54.57% for PCT’s stock, with a 72.05% simple moving average for the past 200 days.
Analysts’ Opinion of PCT
Many brokerage firms have already submitted their reports for PCT stocks, with TD Cowen repeating the rating for PCT by listing it as a “Buy.” The predicted price for PCT in the upcoming period, according to TD Cowen is $10 based on the research report published on August 09, 2024 of the current year 2024.
Craig Hallum, on the other hand, stated in their research note that they expect to see PCT reach a price target of $4. The rating they have provided for PCT stocks is “Hold” according to the report published on January 03rd, 2024.
ROTH MKM gave a rating of “Neutral” to PCT, setting the target price at $3 in the report published on December 19th of the previous year.
PCT Trading at 46.90% 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 able to rebound, for now settling with 12.37% of gains for the given period.
Volatility was left at 8.72%, however, over the last 30 days, the volatility rate increased by 16.85%, as shares surge +51.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +62.55% upper at present.
During the last 5 trading sessions, PCT rose by +84.90%, which changed the moving average for the period of 200-days by +125.83% in comparison to the 20-day moving average, which settled at $5.97. In addition, PureCycle Technologies Inc saw 121.98% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PCT starting from Musa Fernando, who purchase 18,303 shares at the price of $5.46 back on Mar 08 ’24. After this action, Musa Fernando now owns 68,413 shares of PureCycle Technologies Inc, valued at $99,934 using the latest closing price.
BOUCK STEVEN F, the Director of PureCycle Technologies Inc, purchase 8,000 shares at $3.90 during a trade that took place back on Nov 16 ’23, which means that BOUCK STEVEN F is holding 41,640 shares at $31,200 based on the most recent closing price.
Stock Fundamentals for PCT
The total capital return value is set at -0.21. Equity return is now at value -42.32, with -19.05 for asset returns.
Based on PureCycle Technologies Inc (PCT), the company’s capital structure generated 0.52 points at debt to capital in total, while cash flow to debt ratio is standing at -0.31. The debt to equity ratio resting at 1.08. The interest coverage ratio of the stock is -2.63.
Currently, EBITDA for the company is -95.04 million with net debt to EBITDA at -3.16. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.67.
Conclusion
In a nutshell, PureCycle Technologies Inc (PCT) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
