In the latest trading session, 0.67 million PureCycle Technologies Inc (NASDAQ:PCT) shares changed hands as the company’s beta touched 1.70. With the company’s most recent per share price at $5.99 changing hands around $0.0 or 0.00% at last look, the market valuation stands at $1.07B. PCT’s current price is a discount, trading about -160.1% off its 52-week high of $15.58. The share price had its 52-week low at $4.50, which suggests the last value was 24.87% up since then. When we look at PureCycle Technologies Inc’s average trading volume, we note the 10-day average is 2.56 million shares, with the 3-month average coming to 2.41 million.
Analysts gave the PureCycle Technologies Inc (PCT) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.80. 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 -0.23.
PureCycle Technologies Inc (NASDAQ:PCT) trade information
The company’s shares are showing year-to-date downside of -41.56%, with the 5-day performance at -13.44% in the red. However, in the 30-day time frame, PureCycle Technologies Inc (NASDAQ:PCT) is -30.75% down. Looking at the short shares, we see there were 45.18 million shares sold at short interest cover period of 15.05 days.
The consensus price target for the stock as assigned by Wall Street analysts is 25.5, meaning bulls need an upside of 76.51% from its recent market value. According to analyst projections, PCT’s forecast low is 14 with 37 as the target high. To hit the forecast high, the stock’s price needs a -517.7% plunge from its current level, while the stock would need to soar -133.72% for it to hit the projected low.
PureCycle Technologies Inc (PCT) estimates and forecasts
Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of 4.27M. 3 analysts are of the opinion that PureCycle Technologies Inc’s revenue for the current quarter will be 11.93M. 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 -514.21%. The 2025 estimates are for PureCycle Technologies Inc earnings to increase by 58.97%, but the outlook for the next 5-year period is at 41.52% per year.
PureCycle Technologies Inc (NASDAQ:PCT)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 2.22% of PureCycle Technologies Inc shares while 75.57% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 77.28%. There are 75.57% institutions holding the PureCycle Technologies Inc stock share, with SYLEBRA CAPITAL LLC the top institutional holder. As of 2024-06-30, the company held 17.7261% 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 Dec 31, 2024 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard Small-Cap Index Fund. With 4.42 shares estimated at $28.28 million under it, the former controlled 2.46% of total outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard Small-Cap Index Fund held about 2.09% of the shares, roughly 3.76 shares worth around $24.04 million.
