Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
The closing price of PureCycle Technologies Inc (NASDAQ: PCT) was $9.55 for the day, down -0.31% from the previous closing price of $9.58. In other words, the price has decreased by -$0.31 from its previous closing price. On the day, 1.85 million shares were traded. PCT stock price reached its highest trading level at $9.85 during the session, while it also had its lowest trading level at $9.37.
Ratios:
Our analysis of PCT’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.63 and its Current Ratio is at 1.74. In the meantime, Its Debt-to-Equity ratio is 1.52 whereas as Long-Term Debt/Eq ratio is at 1.47.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, TD Cowen on November 20, 2024, Reiterated its Buy rating but revised its target price to $15 from $10 previously.
On October 18, 2024, Cantor Fitzgerald started tracking the stock assigning a Overweight rating and target price of $14.
TD Cowen reiterated its Buy rating for the stock on August 09, 2024, while the target price for the stock was revised from $7.50 to $10.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Sep 13 ’24 when SYLEBRA CAPITAL LLC bought 4,264,393 shares for $4.69 per share. The transaction valued at 20,000,003 led to the insider holds 33,050,456 shares of the business.
Musa Fernando bought 18,303 shares of PCT for $99,934 on Mar 08 ’24. The Director now owns 68,413 shares after completing the transaction at $5.46 per share.
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 1657555328 and an Enterprise Value of 2150026752.
Stock Price History:
Over the past 52 weeks, PCT has reached a high of $15.58, while it has fallen to a 52-week low of $2.79. The 50-Day Moving Average of the stock is -16.94%, while the 200-Day Moving Average is calculated to be 18.29%.
Shares Statistics:
PCT traded an average of 2.61M shares per day over the past three months and 1884080 shares per day over the past ten days. A total of 173.49M shares are outstanding, with a floating share count of 158.97M. Insiders hold about 8.41% of the company’s shares, while institutions hold 92.27% stake in the company. Shares short for PCT as of 1730332800 were 39264928 with a Short Ratio of 14.07, compared to 1727654400 on 44775003. Therefore, it implies a Short% of Shares Outstanding of 39264928 and a Short% of Float of 27.73.
