Closing Strong: PureCycle Technologies Inc (PCT) Ends at 5.47, Up 0.18 from Last Close

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After finishing at $5.46 in the prior trading day, PureCycle Technologies Inc (NASDAQ: PCT) closed at $5.47, up 0.18%. In other words, the price has increased by $0.18 from its previous closing price. On the day, 1.63 million shares were traded. PCT stock price reached its highest trading level at $5.51 during the session, while it also had its lowest trading level at $5.275.

Ratios:

Our goal is to gain a better understanding of PCT by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.17 and its Current Ratio is at 1.17. In the meantime, Its Debt-to-Equity ratio is 0.93 whereas as Long-Term Debt/Eq ratio is at 0.92.

On December 19, 2023, ROTH MKM Downgraded its rating to Neutral which previously was Buy but kept the price unchanged to $3.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 08 ’24 when Musa Fernando bought 18,303 shares for $5.46 per share. The transaction valued at 99,934 led to the insider holds 68,413 shares of the business.

Somma Lawrence C bought 12,510 shares of PCT for $49,965 on Nov 16 ’23. The Chief Financial Officer now owns 420,371 shares after completing the transaction at $3.99 per share. On Nov 16 ’23, another insider, BOUCK STEVEN F, who serves as the Director of the company, bought 8,000 shares for $3.90 each. As a result, the insider paid 31,200 and bolstered with 41,640 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PCT now has a Market Capitalization of 900531584 and an Enterprise Value of 1187186048.

Stock Price History:

Over the past 52 weeks, PCT has reached a high of $11.89, while it has fallen to a 52-week low of $2.38. The 50-Day Moving Average of the stock is 1.22%, while the 200-Day Moving Average is calculated to be 11.68%.

Shares Statistics:

The stock has traded on average 1.69M shares per day over the past 3-months and 1878730 shares per day over the last 10 days, according to various share statistics. A total of 163.55M shares are outstanding, with a floating share count of 139.67M. Insiders hold about 15.16% of the company’s shares, while institutions hold 80.14% stake in the company. Shares short for PCT as of 1718323200 were 40640773 with a Short Ratio of 24.04, compared to 1715731200 on 40353529. Therefore, it implies a Short% of Shares Outstanding of 40640773 and a Short% of Float of 30.61.

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