In the last trading session, 1.0 million shares of the PureCycle Technologies Inc (NASDAQ:PCT) were traded, and its beta was 1.68. Most recently the company’s share price was $9.07, and it changed around -$0.19 or -2.05% from the last close, which brings the market valuation of the company to $1.50B. PCT currently trades at a discount to its 52-week high of $10.68, offering almost -17.75% off that amount. The share price’s 52-week low was $2.38, which indicates that the current value has risen by an impressive 73.76% since then. We note from PureCycle Technologies Inc’s average daily trading volume that its 10-day average is 1.99 million shares, with the 3-month average coming to 2.32 million.
PureCycle Technologies Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.80. If we narrow it down even further, the data shows that 0 out of 5 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 2 recommended PCT as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. PureCycle Technologies Inc is expected to report earnings per share of -0.2 for the current quarter.
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PureCycle Technologies Inc (NASDAQ:PCT) trade information
Instantly PCT has showed a red trend with a performance of -2.05% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 9.44 on recent trading dayincreased the stock’s daily price by 3.92%. The company’s shares are currently up 123.95% year-to-date, but still down -4.53% over the last five days. On the other hand, PureCycle Technologies Inc (NASDAQ:PCT) is 88.96% up in the 30-day period. We can see from the shorts that 44.79 million shares have been sold at a short interest cover period of 18.92 day(s).
The consensus price target as assigned by Wall Street analysts is $7, which translates to bulls needing to decrease their stock price by -29.57% from its current value. Analyst projections state that PCT is forecast to be at a low of $6 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 52.44 percent over the past six months and at a -52.63% annual growth rate that is well below the industry average of 18.00%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -766.70% in revenue this quarter, and will report a decrease of -13.30% in the next quarter.
Consensus estimates provided by 3 financial analysts predict the company will bring in an average of 5.44M in revenue for the current quarter. 3 analysts expect PureCycle Technologies Inc to make 17.04M in revenue for the current ending quarter. Analysts predict that the company’s current quarter sales will jump, forecast at 83.20%.
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 November.
PureCycle Technologies Inc (NASDAQ:PCT)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 8.07% of PureCycle Technologies Inc shares, and 81.31% of them are in the hands of institutional investors. The stock currently has a share float of 88.45%. PureCycle Technologies Inc stock is held by 248.0 institutions, with SYLEBRA CAPITAL LLC being the largest institutional investor. By 2024-06-30, it held 17.7623% of the shares, which is about 29.19 million shares worth $172.82 million.
VANGUARD GROUP INC, with 7.9456% or 13.06 million shares worth $77.31 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
