PCT has 36-month beta value of 1.66. Analysts have mixed views on the stock, with 2 analysts rating it as a “buy,” 1 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for PCT is 140.00M, and currently, short sellers hold a 31.71% ratio of that float. The average trading volume of PCT on October 29, 2024 was 2.70M shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
PCT) stock’s latest price update
PureCycle Technologies Inc (NASDAQ: PCT) has experienced a decline in its stock price by -1.42 compared to its previous closing price of 14.12. However, the company has seen a gain of 25.29% in its stock price over the last five trading days. marketbeat.com reported 2024-10-26 that PureCycle Technologies NYSE: PCT is a small-cap materials stock that has gone on a true tear this year. The stock is up over 250%, a head-turning number that has caught the attention of many investors.
PCT’s Market Performance
PureCycle Technologies Inc (PCT) has seen a 25.29% rise in stock performance for the week, with a 45.00% gain in the past month and a 82.68% surge in the past quarter. The volatility ratio for the week is 12.44%, and the volatility levels for the past 30 days are at 8.05% for PCT. The simple moving average for the last 20 days is 33.84% for PCT’s stock, with a simple moving average of 124.94% for the last 200 days.
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 64.27% 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 -10.65% of loss for the given period.
Volatility was left at 8.05%, however, over the last 30 days, the volatility rate increased by 12.44%, as shares surge +46.53% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +145.50% upper at present.
During the last 5 trading sessions, PCT rose by +25.29%, which changed the moving average for the period of 200-days by +468.16% in comparison to the 20-day moving average, which settled at $10.40. In addition, PureCycle Technologies Inc saw 243.70% 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
To put it simply, PureCycle Technologies Inc (PCT) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as 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.
