The stock of PureCycle Technologies Inc (PCT) has gone down by -3.48% for the week, with a -22.90% drop in the past month and a 16.35% rise in the past quarter. The volatility ratio for the week is 4.34%, and the volatility levels for the past 30 days are 6.09% for PCT. The simple moving average for the past 20 days is -12.05% for PCT’s stock, with a 30.79% simple moving average for the past 200 days.
Is It Worth Investing in PureCycle Technologies Inc (NASDAQ: PCT) Right Now?
Additionally, the 36-month beta value for PCT is 1.63. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 0 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
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The public float for PCT is 151.08M and currently, short sellers hold a 24.86% ratio of that float. The average trading volume of PCT on January 01, 2025 was 2.57M shares.
PCT) stock’s latest price update
PureCycle Technologies Inc (NASDAQ: PCT)’s stock price has decreased by -1.35 compared to its previous closing price of 10.39. However, the company has seen a -3.48% decrease in its stock price over the last five trading sessions. 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 previous 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 previous year.
PCT Trading at -16.02% 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 -34.21% of loss for the given period.
Volatility was left at 6.09%, however, over the last 30 days, the volatility rate increased by 4.34%, as shares sank -27.41% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.03% lower at present.
During the last 5 trading sessions, PCT fell by -3.48%, which changed the moving average for the period of 200-days by +91.95% in comparison to the 20-day moving average, which settled at $11.65. In addition, PureCycle Technologies Inc saw 153.09% 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
In conclusion, PureCycle Technologies Inc (PCT) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
