PureCycle Technologies Inc (PCT) concluded trading on Wednesday at a closing price of $6.76, with 10.2 million shares of worth about $68.98 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 36.84% during that period and on September 11, 2024 the price saw a gain of about 44.14%. Currently the company’s common shares owned by public are about 163.55M shares, out of which, 140.04M shares are available for trading.
Stock saw a price change of 15.95% in past 5 days and over the past one month there was a price change of 21.80%. Year-to-date (YTD), PCT shares are showing a performance of 66.91% which decreased to -20.84% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.38 but also hit the highest price of $8.81 during that period. The average intraday trading volume for PureCycle Technologies Inc shares is 1.74 million. The stock is currently trading 19.59% above its 20-day simple moving average (SMA20), while that difference is up 11.64% for SMA50 and it goes to 30.24% higher than SMA200.
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PureCycle Technologies Inc (NASDAQ: PCT) currently have 163.55M outstanding shares and institutions hold larger chunk of about 88.60% of that.
The stock has a current market capitalization of $1.12B and its 3Y-monthly beta is at 1.70. It has posted earnings per share of -$0.96 in the same period. It has Quick Ratio of 0.54 while making debt-to-equity ratio of 1.17. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for PCT, volatility over the week remained 15.28% while standing at 8.07% over the month.
Stock’s fiscal year EPS is expected to drop by -77.53% while it is estimated to increase by 69.20% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by TD Cowen on August 09, 2024 offering a Buy rating for the stock and assigned a target price range of between $7.50 and $10 to it. Coverage by Craig Hallum stated PureCycle Technologies Inc (PCT) stock as a Hold in their note to investors on January 03, 2024, suggesting a price target of $4 for the stock. Stock get a Buy rating from Stifel on September 16, 2022.
