In the past week, PCT stock has gone up by 13.80%, with a monthly decline of -4.60% and a quarterly surge of 126.24%. The volatility ratio for the week is 6.76%, and the volatility levels for the last 30 days are 7.54% for PureCycle Technologies Inc The simple moving average for the last 20 days is 7.59% for PCT’s stock, with a simple moving average of 87.28% for the last 200 days.
Is It Worth Investing in PureCycle Technologies Inc (NASDAQ: PCT) Right Now?
PCT has 36-month beta value of 1.57. Analysts have mixed views on the stock, with 3 analysts rating it as a “buy,” 1 as “overweight,” 2 as “hold,” and 0 as “sell.”
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
The public float for PCT is 147.25M, and currently, short sellers hold a 26.67% ratio of that float. The average trading volume of PCT on November 27, 2024 was 2.95M shares.
PCT) stock’s latest price update
PureCycle Technologies Inc (NASDAQ: PCT)’s stock price has gone rise by 2.79 in comparison to its previous close of 12.92, however, the company has experienced a 13.80% increase in its stock price over the last five trading days. seekingalpha.com reported 2024-11-09 that PureCycle Technologies, Inc. (NASDAQ:PCT ) Q3 2024 Earnings Conference Call November 7, 2024 10:00 AM ET Company Participants Christian Bruey – Director of Communications. Dustin Olson – CEO Jaime Vasquez – CFO Conference Call Participants Hassan Ahmed – Alembic Global Advisors Eric Stine – Craig-Hallum Capital Group Thomas Boyes – TD Cowen Andres Sheppard-Slinger – Cantor Fitzgerald Brian Butler – Stifel Gerard Sweeney – ROTH Capital Operator Good day, and thank you for standing by.
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 $15 based on the research report published on November 20, 2024 of the current year 2024.
Cantor Fitzgerald, on the other hand, stated in their research note that they expect to see PCT reach a price target of $14. The rating they have provided for PCT stocks is “Overweight” according to the report published on October 18th, 2024.
TD Cowen gave a rating of “Buy” to PCT, setting the target price at $10 in the report published on August 09th of the current year.
PCT Trading at 20.01% 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 -14.76% of loss for the given period.
Volatility was left at 7.54%, however, over the last 30 days, the volatility rate increased by 6.76%, as shares sank -5.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +51.60% upper at present.
During the last 5 trading sessions, PCT rose by +13.80%, which changed the moving average for the period of 200-days by +194.46% in comparison to the 20-day moving average, which settled at $12.34. In addition, PureCycle Technologies Inc saw 227.90% 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 -0.19. Equity return is now at value -72.81, with -26.73 for asset returns.
Based on PureCycle Technologies Inc (PCT), the company’s capital structure generated 0.59 points at debt to capital in total, while cash flow to debt ratio is standing at -0.43. The debt to equity ratio resting at 1.41. The interest coverage ratio of the stock is -2.39.
Currently, EBITDA for the company is -97.97 million with net debt to EBITDA at -1.72. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.74.
Conclusion
To put it simply, PureCycle Technologies Inc (PCT) has had a better performance in recent times. Analysts have a bullish 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.
