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The price of PureCycle Technologies Inc (NASDAQ: PCT) closed at $11.93 in the last session, up 2.05% from day before closing price of $11.69. In other words, the price has increased by $2.05 from its previous closing price. On the day, 2.12 million shares were traded. PCT stock price reached its highest trading level at $12.01 during the session, while it also had its lowest trading level at $11.2601.
Ratios:
We take a closer look at PCT’s different ratios to gain a better understanding of the stock. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 2069759616 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 $2.38. The 50-Day Moving Average of the stock is 9.50%, while the 200-Day Moving Average is calculated to be 70.28%.
Shares Statistics:
According to the various share statistics, PCT traded on average about 2.90M shares per day over the past 3-months and 2507730 shares per day over the past 10 days. A total of 163.55M shares are outstanding, with a floating share count of 147.25M. Insiders hold about 15.13% of the company’s shares, while institutions hold 92.19% stake in the company. Shares short for PCT as of 1730332800 were 39264928 with a Short Ratio of 13.53, compared to 1727654400 on 44775003. Therefore, it implies a Short% of Shares Outstanding of 39264928 and a Short% of Float of 27.73.
