In the last trading session, 2.08 million shares of the PureCycle Technologies Inc (NASDAQ:PCT) were traded, and its beta was 1.62. Most recently the company’s share price was $8.76, and it changed around $0.28 or 3.36% from the last close, which brings the market valuation of the company to $1.52B. PCT currently trades at a discount to its 52-week high of $15.58, offering almost -77.85% off that amount. The share price’s 52-week low was $4.25, which indicates that the current value has risen by an impressive 51.48% since then. We note from PureCycle Technologies Inc’s average daily trading volume that its 10-day average is 2.33 million shares, with the 3-month average coming to 2.15 million.
PureCycle Technologies Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.67. If we narrow it down even further, the data shows that 0 out of 5 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 2 recommended PCT as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight. PureCycle Technologies Inc is expected to report earnings per share of -0.21 for the current quarter.
PureCycle Technologies Inc (NASDAQ:PCT) trade information
Instantly PCT has showed a green trend with a performance of 3.36% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 9.30 on recent trading dayincreased the stock’s daily price by 5.81%. The company’s shares are currently down -14.54% year-to-date, but still up 3.18% over the last five days. On the other hand, PureCycle Technologies Inc (NASDAQ:PCT) is -9.69% down in the 30-day period. We can see from the shorts that 39.26 million shares have been sold at a short interest cover period of 13.8 day(s).
The consensus price target as assigned by Wall Street analysts is $25.5, which translates to bulls needing to increase their stock price by 65.65% from its current value. Analyst projections state that PCT is forecast to be at a low of $14 and a high of $37.
PureCycle Technologies Inc (PCT) estimates and forecasts
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 7.55M in revenue for the current quarter. 3 analysts expect PureCycle Technologies Inc to make 12.67M in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at 0.00%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -650.29%. PureCycle Technologies Inc earnings are expected to increase by -128.25% in 2025, but the outlook is positive 11.73% per year for the next five years.
PCT Dividends
PureCycle Technologies Inc’s next quarterly earnings report is expected to be released in March.
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 78.64% of them are in the hands of institutional investors. The stock currently has a share float of 85.54%. PureCycle Technologies Inc stock is held by 273.0 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.
Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund were the top two Mutual Funds as of Sep 30, 2024. The former held 4.43 shares worth $38.79 million, making up 2.55% of all outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held roughly 3.51 shares worth around $30.79 million, which represents about 2.03% of the total shares outstanding.
