Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
PureCycle Technologies Inc (NASDAQ: PCT) closed the day trading at $4.98 down -1.39% from the previous closing price of $5.05. In other words, the price has decreased by -$1.39 from its previous closing price. On the day, 1.36 million shares were traded. PCT stock price reached its highest trading level at $5.215 during the session, while it also had its lowest trading level at $4.9187.
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 818931136 and an Enterprise Value of 1243088896.
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 -10.52%, while the 200-Day Moving Average is calculated to be -16.31%.
Shares Statistics:
Over the past 3-months, PCT traded about 2.23M shares per day on average, while over the past 10 days, PCT traded about 1432890 shares per day. A total of 163.55M shares are outstanding, with a floating share count of 139.60M. Insiders hold about 15.11% of the company’s shares, while institutions hold 79.30% stake in the company. Shares short for PCT as of 1713139200 were 38163750 with a Short Ratio of 17.08, compared to 1710460800 on 38398413. Therefore, it implies a Short% of Shares Outstanding of 38163750 and a Short% of Float of 28.79.
