PureCycle Technologies Inc (NASDAQ: PCT) closed the day trading at $5.82 down -3.80% from the previous closing price of $6.05. In other words, the price has decreased by -$0.23 from its previous closing price. On the day, 1256139 shares were traded.
Ratios:
For a better understanding of PCT, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.92 and its Current Ratio is at 2.92. In the meantime, Its Debt-to-Equity ratio is 1.29 whereas as Long-Term Debt/Eq ratio is at 1.27.
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 956.43M and an Enterprise Value of 1.38B.
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 4.89, while the 200-Day Moving Average is calculated to be 6.37.
Shares Statistics:
Over the past 3-months, PCT traded about 2.84M shares per day on average, while over the past 10 days, PCT traded about 1.86M shares per day. A total of 163.55M shares are outstanding, with a floating share count of 125.83M. Insiders hold about 23.43% of the company’s shares, while institutions hold 60.94% stake in the company. Shares short for PCT as of Feb 29, 2024 were 37.21M with a Short Ratio of 13.09, compared to 37.41M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 22.65% and a Short% of Float of 31.99%.
Earnings Estimates
Current recommendations for the stock of the company come from 4 analysts. On average, analysts expect EPS of -$0.17 for the current quarter, with a high estimate of -$0.13 and a low estimate of -$0.22, while EPS last year was -$0.16. The consensus estimate for the next quarter is -$0.15, with high estimates of -$0.11 and low estimates of -$0.22.
Analysts are recommending an EPS of between -$0.39 and -$0.68 for the fiscal current year, implying an average EPS of -$0.52. EPS for the following year is -$0.43, with 4 analysts recommending between -$0.22 and -$0.69.
Revenue Estimates
Based on 4 analysts’ estimates, the company’s revenue will be $135.48M in the next fiscal year. The high estimate is $162M and the low estimate is $121.03M. The average revenue growth estimate for next year is up 166.70% from the average revenue estimate for this year.
