PureCycle Technologies Inc (NASDAQ:PCT) Has Reached A Distance Of 60.98% From Its Low, So Is It Poised For More Gains?

In last trading session, PureCycle Technologies Inc (NASDAQ:PCT) saw 1.89 million shares changing hands with its beta currently measuring 1.62. Company’s recent per share price level of $9.38 trading at -$0.39 or -3.94% at ring of the bell on the day assigns it a market valuation of $1.63B. That closing price of PCT’s stock is at a discount of -66.1% from its 52-week high price of $15.58 and is indicating a premium of 60.98% from its 52-week low price of $3.66. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.84 million shares which gives us an average trading volume of 2.23 million if we extend that period to 3-months.

For PureCycle Technologies Inc (PCT), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.67. Splitting up the data highlights that, out of 4 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 4 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.

PureCycle Technologies Inc (NASDAQ:PCT) trade information

Upright in the red during last session for losing -3.94%, in the last five days PCT remained trading in the red while hitting it’s week-highest on Friday, 01/24/25 when the stock touched $9.38 price level, adding 6.2% to its value on the day. PureCycle Technologies Inc’s shares saw a change of -8.49% in year-to-date performance and have moved -5.16% in past 5-day. PureCycle Technologies Inc (NASDAQ:PCT) showed a performance of -14.34% in past 30-days. Number of shares sold short was 39.26 million shares which calculate 13.8 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 14 to the stock, which implies a rise of 33.0% to its current value. Analysts have been projecting 6 as a low price target for the stock while placing it at a high target of 37. It follows that stock’s current price would jump 36.03% in reaching the projected high whereas dropping to the targeted low would mean a gain of 36.03% for stock’s current value.

PureCycle Technologies Inc (PCT) estimates and forecasts

Statistics highlight that PureCycle Technologies Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company added 23.10% of value to its shares in past 6 months, showing an annual growth rate of -94.74% while that of industry is 14.80. Apart from that, the company came lowering its revenue forecast for fiscal year 2025.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -650.29% during past 5 years. In 2025, company’s earnings growth rate is likely to be around -128.25% while estimates for its earnings growth in next 5 years are of 11.73%.

PureCycle Technologies Inc (NASDAQ:PCT)’s Major holders

Insiders are in possession of 8.07% of company’s total shares while institution are holding 78.64 percent of that, with stock having share float percentage of 85.54%. Investors also watch the number of corporate investors in a company very closely, which is 78.64% institutions for PureCycle Technologies Inc that are currently holding shares of the company. SYLEBRA CAPITAL LLC is the top institutional holder at PCT for having 29.19 million shares of worth $172.82 million. And as of 2024-06-30, it was holding 17.7623 of the company’s outstanding shares.

The second largest institutional holder is VANGUARD GROUP INC, which was holding about 13.06 million shares on 2024-06-30. The number of shares represents firm’s hold over 7.9456 of outstanding shares, having a total worth of $77.31 million.

On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024 , the former fund manager was holding 4.43 shares of worth $41.53 million or 2.55% of the total outstanding shares. The later fund manager was in possession of 3.51 shares on Sep 30, 2024 , making its stake of worth around $32.97 million in the company or a holder of 2.03% of company’s stock.