PureCycle Technologies Inc (NASDAQ:PCT)’s traded shares stood at 1.31 million during the latest session, with the company’s beta value hitting 1.67. At the last check today, the stock’s price was $11.94, to imply an increase of 8.15% or $0.9 in intraday trading. The PCT share’s 52-week high remains $11.46, putting it 4.02% up since that peak but still an impressive 80.07% since price per share fell to its 52-week low of $2.38. The company has a valuation of $1.97B, with an average of 2.22 million shares in intraday trading volume over the past 10 days and average of 2.41 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for PureCycle Technologies Inc (PCT), translating to a mean rating of 1.67. Of 4 analyst(s) looking at the stock, 0 analyst(s) give PCT a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 4 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.2.
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PureCycle Technologies Inc (NASDAQ:PCT) trade information
After registering a 8.15% upside in the latest session, PureCycle Technologies Inc (PCT) has traded red over the past five days. The 5-day price performance for the stock is 19.64%, and 23.09% over 30 days. With these gigs, the year-to-date price performance is 194.81%. Short interest in PureCycle Technologies Inc (NASDAQ:PCT) saw shorts transact 44.78 million shares and set a 12.8 days time to cover.
The extremes give us $6 and $37 for target low and target high price respectively. As such, PCT has been trading -209.88% off suggested target high and 49.75% from its likely low.
PureCycle Technologies Inc (PCT) estimates and forecasts
Looking at statistics comparing PureCycle Technologies Inc share performance against respective industry, we note that the company has underperformed competitors. PureCycle Technologies Inc (PCT) shares are 136.44% up over the last 6 months, with its year-to-date growth rate lower than industry average at -55.26% against 18.90%. Revenue is forecast to shrink -766.70% this quarter before falling -20.00% for the next one.
Revenue forecast for the current quarter as set by 4 analysts is 4.43M. Meanwhile, for the current quarter, a total of 4 analyst(s) estimate revenue growth to 15.18M.
PCT Dividends
PureCycle Technologies Inc has its next earnings report out on 2024-Nov-05. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
PureCycle Technologies Inc (NASDAQ:PCT)’s Major holders
PureCycle Technologies Inc insiders hold 8.07% of total outstanding shares, with institutional holders owning 80.36% of the shares at 87.42% float percentage. In total, 80.36% institutions holds shares in the company, led by SYLEBRA CAPITAL LLC. As of 2024-06-30, the company held over 29.19 million shares (or 17.7623% of shares), all amounting to roughly $172.82 million.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 13.06 million shares, or about 7.9456% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $77.31 million.
We also have Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund as the top two Mutual Funds with the largest holdings of the PureCycle Technologies Inc (PCT) shares. Going by data provided on Jun 30, 2024, Vanguard Total Stock Market Index Fund holds roughly 4.13 shares. This is just over 2.50% of the total shares, with a market valuation of $50.35 million. Data from the same date shows that the other fund manager holds a little less at 3.52, or 2.13% of the shares, all valued at about 42.94 million.
