The stock of PureCycle Technologies Inc (PCT) has gone up by 13.62% for the week, with a 15.09% rise in the past month and a 73.10% rise in the past quarter. The volatility ratio for the week is 7.18%, and the volatility levels for the past 30 days are 6.97% for PCT. The simple moving average for the last 20 days is 12.40% for PCT stock, with a simple moving average of 81.05% for the last 200 days.
Is It Worth Investing in PureCycle Technologies Inc (NASDAQ: PCT) Right Now?
The 36-month beta value for PCT is at 1.68. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 1 rating it as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for PCT is 140.00M, and currently, shorts hold a 31.98% of that float. The average trading volume for PCT on October 21, 2024 was 2.39M shares.
PCT) stock’s latest price update
PureCycle Technologies Inc (NASDAQ: PCT) has seen a rise in its stock price by 7.01 in relation to its previous close of 9.98. However, the company has experienced a 13.62% gain in its stock price over the last five trading sessions. accesswire.com reported 2024-09-16 that IRONTON, OH / ACCESSWIRE / September 16, 2024 / PureCycle Technologies, Inc. (Nasdaq:PCT), today, announced that the Company’s flagship facility in Ironton, Ohio processed more than one million pounds of feedstock over a consecutive seven-day span. PureCycle CEO Dustin Olson said, “We have now hit all three of the near-term goals that we discussed during our second quarter investor update in early August.
Analysts’ Opinion of PCT
Many brokerage firms have already submitted their reports for PCT stocks, with Cantor Fitzgerald repeating the rating for PCT by listing it as a “Overweight.” The predicted price for PCT in the upcoming period, according to Cantor Fitzgerald is $14 based on the research report published on October 18, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see PCT reach a price target of $10, previously predicting the price at $7.50. The rating they have provided for PCT stocks is “Buy” according to the report published on August 09th, 2024.
Craig Hallum gave a rating of “Hold” to PCT, setting the target price at $4 in the report published on January 03rd of the current year.
PCT Trading at 39.72% 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 0.03% of gains for the given period.
Volatility was left at 6.97%, however, over the last 30 days, the volatility rate increased by 7.18%, as shares surge +15.33% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +69.26% upper at present.
During the last 5 trading sessions, PCT rose by +13.62%, which changed the moving average for the period of 200-days by +208.67% in comparison to the 20-day moving average, which settled at $9.50. In addition, PureCycle Technologies Inc saw 163.70% 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 SYLEBRA CAPITAL LLC, who purchase 4,264,393 shares at the price of $4.69 back on Sep 13 ’24. After this action, SYLEBRA CAPITAL LLC now owns 33,050,456 shares of PureCycle Technologies Inc, valued at $20,000,003 using the latest closing price.
Musa Fernando, the Director of PureCycle Technologies Inc, purchase 18,303 shares at $5.46 during a trade that took place back on Mar 08 ’24, which means that Musa Fernando is holding 68,413 shares at $99,934 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 -97.97 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 conclusion, PureCycle Technologies Inc (PCT) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
