In the last trading session, 2.12 million PureCycle Technologies Inc (NASDAQ:PCT) shares changed hands as the company’s beta touched 1.64. With the company’s per share price at $9.43 changed hands at -$0.24 or -2.48% during last session, the market valuation stood at $1.64B. PCT’s last price was a discount, traded about -65.22% off its 52-week high of $15.58. The share price had its 52-week low at $2.56, which suggests the last value was 72.85% up since then. When we look at PureCycle Technologies Inc’s average trading volume, we note the 10-day average is 1.75 million shares, with the 3-month average coming to 2.62 million.
Analysts gave the PureCycle Technologies Inc (PCT) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.67. If we narrow down to specifics, the data shows that 0 out of 4 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended PCT as a Hold, 4 felt it is a Buy and 0 rated the stock as Underweight. PureCycle Technologies Inc’s EPS for the current quarter is expected to be -0.21.
PureCycle Technologies Inc (NASDAQ:PCT) trade information
Instantly PCT was in red as seen at the end of in last trading. With action -12.60%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -8.00%, with the 5-day performance at -12.60% in the red. However, in the 30-day time frame, PureCycle Technologies Inc (NASDAQ:PCT) is -24.26% down. Looking at the short shares, we see there were 39.26 million shares sold at short interest cover period of 13.8 days.
The consensus price target for the stock as assigned by Wall Street analysts is 14, meaning bulls need an upside of 32.64% from its current market value. According to analyst projections, PCT’s forecast low is 6 with 37 as the target high. To hit the forecast high, the stock’s price needs a -292.36% plunge from its current level, while the stock would need to tank 36.37% for it to hit the projected low.
PureCycle Technologies Inc (PCT) estimates and forecasts
Data shows that the PureCycle Technologies Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 63.15% over the past 6 months, a -94.74% in annual growth rate that is considerably lower than the industry average of 16.10%.
Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of 6.55M. 3 analysts are of the opinion that PureCycle Technologies Inc’s revenue for the current quarter will be 12.67M. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 0.00%. The estimates for the next quarter sales put growth at 0.00%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -650.29%. The 2025 estimates are for PureCycle Technologies Inc earnings to decrease by -128.25%.
PCT Dividends
PureCycle Technologies Inc is expected to release its next quarterly earnings report in February.
PureCycle Technologies Inc (NASDAQ:PCT)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 8.07% of PureCycle Technologies Inc shares while 78.64% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 85.54%. There are 78.64% institutions holding the PureCycle Technologies Inc stock share, with SYLEBRA CAPITAL LLC the top institutional holder. As of 2024-06-30, the company held 17.7623% of the shares, roughly 29.19 million PCT shares worth $172.82 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 7.9456% or 13.06 million shares worth $77.31 million as of 2024-06-30.
Among Mutual Funds, the top two as of Jun 30, 2023 were Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund . With 4.25 shares estimated at $45.48 million under it, the former controlled 2.59% of total outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held about 2.06% of the shares, roughly 3.38 shares worth around $36.13 million.
