Can PureCycle Technologies Inc (NASDAQ: PCT) Shares Make A Higher Price Run?

In today’s recent session, 0.67 million shares of the PureCycle Technologies Inc (NASDAQ:PCT) have been traded, and its beta is 1.66. Most recently the company’s share price was $6.01, and it changed around $0.19 or 3.19% from the last close, which brings the market valuation of the company to $988.72M. PCT at last check was trading at a discount to its 52-week high of $11.89, offering almost -97.84% off that amount. The share price’s 52-week low was $2.38, which indicates that the recent value has risen by an impressive 60.4% since then. We note from PureCycle Technologies Inc’s average daily trading volume that its 3-month average coming to 1.66 million.

PureCycle Technologies Inc (NASDAQ:PCT) trade information

Instantly PCT has been showing a green trend so far today with a performance of 3.19% on intraday trading today. The performance over the last five days has remained in the green territory. The company’s shares are currently up 48.29% year-to-date, but still up 0.43% over the last five days. On the other hand, PureCycle Technologies Inc (NASDAQ:PCT) is 17.30% up in the 30-day period.

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The consensus price target as assigned by Wall Street analysts is $9, which translates to bulls needing to increase their stock price by 33.22% from its current value. Analyst projections state that PCT is forecast to be at a low of $7 and a high of $11.

PureCycle Technologies Inc (PCT) estimates and forecasts

PureCycle Technologies Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 58.04 percent over the past six months and at a -23.68% annual growth rate that is well below the industry average of 14.40%.

Consensus estimates provided by 4 financial analysts predict the company will bring in an average of 1.13M in revenue for the current quarter. 3 analysts expect PureCycle Technologies Inc to make 12.09M in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at 307.10%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -650.29%.

PCT Dividends

PureCycle Technologies Inc’s next quarterly earnings report is expected to be released in July.