During the last session, PureCycle Technologies Inc (NASDAQ:PCT)’s traded shares were 2.24 million, with the beta value of the company hitting 1.57. At the end of the trading day, the stock’s price was $11.99, reflecting an intraday gain of 2.74% or $0.32. The 52-week high for the PCT share is $15.58, that puts it down -29.94 from that peak though still a striking 80.15% gain since the share price plummeted to a 52-week low of $2.38. The company’s market capitalization is $2.08B, and the average intraday trading volume over the past 10 days was 3.2 million shares, and the average trade volume was 2.88 million shares over the past three months.
PureCycle Technologies Inc (PCT) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.67. PCT has a Sell rating from 0 analyst(s) out of 4 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 4 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.21.
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PureCycle Technologies Inc (NASDAQ:PCT) trade information
PureCycle Technologies Inc (PCT) registered a 2.74% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 2.74% in intraday trading to $11.99, hitting a weekly high. The stock’s 5-day price performance is 1.70%, and it has moved by 7.15% in 30 days. Based on these gigs, the overall price performance for the year is 184.80%. The short interest in PureCycle Technologies Inc (NASDAQ:PCT) is 39.26 million shares and it means that shorts have 13.8 day(s) to cover.
The consensus price target of analysts on Wall Street is $11, which implies a decrease of -9.0% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $6 and $37 respectively. As a result, PCT is trading at a discount of -208.59% off the target high and 49.96% off the low.
PureCycle Technologies Inc (PCT) estimates and forecasts
Statistics show that PureCycle Technologies Inc has underperformed its competitors in share price, compared to the industry in which it operates. PureCycle Technologies Inc (PCT) shares have gone up 123.28% during the last six months, with a year-to-date growth rate less than the industry average at -65.79% against 19.70. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -37.78% this quarter and then jump 50.66% in the quarter after that.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 6.55M as predicted by 3 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to 12.67M by the end of current fiscal year.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -650.29%. While earnings are projected to return -113.02% in 2024.
PCT Dividends
PureCycle Technologies Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
PureCycle Technologies Inc (NASDAQ:PCT)’s Major holders
PureCycle Technologies Inc insiders own 8.07% of total outstanding shares while institutional holders control 78.64%, with the float percentage being 85.54%. SYLEBRA CAPITAL LLC is the largest shareholder of the company, while 273.0 institutions own stock in it. As of 2024-06-30, the company held over 29.19 million shares (or 17.7623% of all shares), a total value of $172.82 million in shares.
The next largest institutional holding, with 13.06 million shares, is of VANGUARD GROUP INC’s that is approximately 7.9456% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $77.31 million.
