In last trading session, PureCycle Technologies Inc (NASDAQ:PCT) saw 2.93 million shares changing hands with its beta currently measuring 1.56. Company’s recent per share price level of $5.87 trading at $0.16 or 2.80% at ring of the bell on the day assigns it a market valuation of $965.26M. That closing price of PCT’s stock is at a discount of -102.56% from its 52-week high price of $11.89 and is indicating a premium of 59.45% from its 52-week low price of $2.38. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.69 million shares which gives us an average trading volume of 2.59 million if we extend that period to 3-months.
PureCycle Technologies Inc (NASDAQ:PCT) trade information
Upright in the green during last session for gaining 2.80%, in the last five days PCT remained trading in the green while hitting it’s week-highest on Tuesday, 04/09/24 when the stock touched $5.87 price level, adding 4.55% to its value on the day. PureCycle Technologies Inc’s shares saw a change of 44.94% in year-to-date performance and have moved 3.35% in past 5-day. PureCycle Technologies Inc (NASDAQ:PCT) showed a performance of 18.83% in past 30-days. Number of shares sold short was 38.4 million shares which calculate 14.35 days to cover the short interests.
PureCycle Technologies Inc (PCT) estimates and forecasts
Statistics highlight that PureCycle Technologies Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 4.63% of value to its shares in past 6 months, showing an annual growth rate of 30.26% while that of industry is 17.10. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to decrease by -6.30% in the current quarter and calculating 57.10% increase in the next quarter.
4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $1.15 million for the same. And 4 analysts are in estimates of company making revenue of $5.1 million in the next quarter that will end on Jun 2024.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -650.29% during past 5 years.
PCT Dividends
PureCycle Technologies Inc is more likely to be releasing its next quarterly report between May 06 and May 10 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
PureCycle Technologies Inc (NASDAQ:PCT)’s Major holders
Insiders are in possession of 22.39% of company’s total shares while institution are holding 61.43 percent of that, with stock having share float percentage of 79.16%. Investors also watch the number of corporate investors in a company very closely, which is 61.43% institutions for PureCycle Technologies Inc that are currently holding shares of the company. Sylebra Capital Ltd is the top institutional holder at PCT for having 29.19 million shares of worth $312.08 million. And as of Jun 29, 2023, it was holding 17.80% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group Inc, which was holding about 12.52 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 7.63% of outstanding shares, having a total worth of $133.82 million.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 4.25 million shares of worth $45.48 million or 2.59% of the total outstanding shares. The later fund manager was in possession of 3.38 million shares on Jun 29, 2023, making its stake of worth around $36.13 million in the company or a holder of 2.06% of company’s stock.
