PureCycle Technologies Inc (NASDAQ: PCT) Could Be A Life-Changing Stock?

In the last trading session, 2.86 million PureCycle Technologies Inc (NASDAQ:PCT) shares changed hands as the company’s beta touched 1.46. With the company’s per share price at $4.41 changed hands at $0.26 or 6.27% during last session, the market valuation stood at $723.50M. PCT’s last price was a discount, traded about -169.61% off its 52-week high of $11.89. The share price had its 52-week low at $3.05, which suggests the last value was 30.84% up since then. When we look at PureCycle Technologies Inc’s average trading volume, we note the 10-day average is 5.67 million shares, with the 3-month average coming to 3.16 million.

Analysts gave the PureCycle Technologies Inc (PCT) stock a consensus recommendation rating of a Buy, calculated at a mean rating of 1.33. If we narrow down to specifics, the data shows that 0 out of 6 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended PCT as a Hold, 5 felt it is a Buy and 0 rated the stock as Underweight. PureCycle Technologies Inc’s EPS for the current quarter is expected to be $Pacific Gas & Electric Co..

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PureCycle Technologies Inc (NASDAQ:PCT) trade information

Instantly PCT was in green as seen at the end of in last trading. With action 30.86%, the performance over the past five days has been green. The jump to weekly highs of 4.57 on Friday, 11/17/23 added 6.27% to the stock’s daily price. The company’s shares are showing year-to-date downside of -34.76%, with the 5-day performance at 30.86% in the green. However, in the 30-day time frame, PureCycle Technologies Inc (NASDAQ:PCT) is -1.34% down. Looking at the short shares, we see there were 34.82 million shares sold at short interest cover period of 19.11 days.

The consensus price target for the stock as assigned by Wall Street analysts is $9.90, meaning bulls need an upside of 55.45% from its current market value. According to analyst projections, PCT’s forecast low is $6.00 with $16.00 as the target high. To hit the forecast high, the stock’s price needs a -262.81% plunge from its current level, while the stock would need to soar -36.05% for it to hit the projected low.

PureCycle Technologies Inc (PCT) estimates and forecasts

Data shows that the PureCycle Technologies Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -33.18% over the past 6 months, a -21.05% in annual growth rate that is considerably lower than the industry average of 12.00%.

The 2023 estimates are for PureCycle Technologies Inc earnings to decrease by -31.63%.

PCT Dividends

PureCycle Technologies Inc is expected to release its next quarterly earnings report on November 08.

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