PureCycle Technologies Inc (NASDAQ:PCT) has a beta value of 1.74 and has seen 0.7 million shares traded in the recent trading session. The company, currently valued at $972.44M, closed the recent trade at $5.89 per share which meant it gained $0.25 on the day or 4.52% during that session. The PCT stock price is -99.15% off its 52-week high price of $11.73 and 59.59% above the 52-week low of $2.38. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.28 million shares traded. The 3-month trading volume is 1.76 million shares.
The consensus among analysts is that PureCycle Technologies Inc (PCT) is Buy stock at the moment, with a recommendation rating of 1.80. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 4 have rated it as a Hold, with 4 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.17.
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PureCycle Technologies Inc (NASDAQ:PCT) trade information
Sporting 4.52% in the green today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the PCT stock price touched $5.89 or saw a rise of 17.16%. Year-to-date, PureCycle Technologies Inc shares have moved 45.56%, while the 5-day performance has seen it change -14.44%. Over the past 30 days, the shares of PureCycle Technologies Inc (NASDAQ:PCT) have changed 3.06%. Short interest in the company has seen 42.12 million shares shorted with days to cover at 26.58.
Wall Street analysts have a consensus price target for the stock at $7, which means that the shares’ value could jump 15.86% from the levels at last check today. The projected low price target is $6.0 while the price target rests at a high of $11.0. In that case, then, we find that the latest price level in today’s session is -86.76% off the targeted high while a plunge would see the stock gain -1.87% from the levels at last check today.
PureCycle Technologies Inc (PCT) estimates and forecasts
Figures show that PureCycle Technologies Inc shares have underperformed across the wider relevant industry. The company’s shares have gained 23.84% over the past 6 months, with this year growth rate of -26.32%, compared to 14.80% for the industry.
4 analysts offering their estimates for the company have set an average revenue estimate of 910k for the current quarter. 3 have an estimated revenue figure of 11.53M for the next ending quarter.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -650.29% over the past 5 years.
PCT Dividends
PureCycle Technologies Inc is expected to release its next earnings report 2024-Aug-08 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
PureCycle Technologies Inc (NASDAQ:PCT)’s Major holders
Insiders own 8.40% of the company shares, while shares held by institutions stand at 69.18% with a share float percentage of 75.53%. Investors are also buoyed by the number of investors in a company, with PureCycle Technologies Inc having a total of 246.0 institutions that hold shares in the company. The top two institutional holders are SYLEBRA CAPITAL LLC with over 29.19 million shares worth more than $181.58 million. As of 2024-03-31, SYLEBRA CAPITAL LLC held 17.8154% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 12.67 million shares as of 2024-03-31. The firm’s total holdings are worth over $78.82 million and represent 7.7333% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. As of Mar 31, 2024, the former fund manager holds about 2.50% shares in the company for having 4.13 shares of worth $23.94 million while later fund manager owns 3.34 shares of worth $19.37 million as of Mar 31, 2024, which makes it owner of about 2.02% of company’s outstanding stock.
