The price of PureCycle Technologies Inc (NASDAQ: PCT) closed at $6.04 in the last session, down -0.49% from day before closing price of $6.07. In other words, the price has decreased by -$0.03 from its previous closing price. On the day, 2486900 shares were traded.
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 4.95 and its Current Ratio is at 4.95. In the meantime, Its Debt-to-Equity ratio is 1.23 whereas as Long-Term Debt/Eq ratio is at 1.21.
On December 19, 2023, ROTH MKM Downgraded its rating to Neutral which previously was Buy but kept the price unchanged to $3.
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 Nov 16 when Somma Lawrence C bought 12,510 shares for $3.99 per share. The transaction valued at 49,965 led to the insider holds 420,371 shares of the business.
BOUCK STEVEN F bought 8,000 shares of PCT for $31,200 on Nov 16. The Director now owns 41,640 shares after completing the transaction at $3.90 per share. On Nov 14, another insider, Coombs Daniel M, who serves as the Executive Chairman of the company, bought 30,000 shares for $3.95 each. As a result, the insider paid 118,500 and bolstered with 96,695 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 995.84M and an Enterprise Value of 1.33B.
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 4.17, while the 200-Day Moving Average is calculated to be 6.51.
Shares Statistics:
According to the various share statistics, PCT traded on average about 3.59M shares per day over the past 3-months and 2.16M shares per day over the past 10 days. A total of 163.55M shares are outstanding, with a floating share count of 125.66M. Insiders hold about 23.40% of the company’s shares, while institutions hold 61.04% stake in the company. Shares short for PCT as of Feb 15, 2024 were 36.71M with a Short Ratio of 10.24, compared to 37.13M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 22.38% and a Short% of Float of 31.62%.
Earnings Estimates
The company has 5 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.23 for the current quarter, with a high estimate of -$0.14 and a low estimate of -$0.3, while EPS last year was -$0.05. The consensus estimate for the next quarter is -$0.19, with high estimates of -$0.12 and low estimates of -$0.25.
Analysts are recommending an EPS of between -$0.62 and -$0.78 for the fiscal current year, implying an average EPS of -$0.7. EPS for the following year is -$0.53, with 4 analysts recommending between -$0.34 and -$0.72.
Revenue Estimates
Based on 4 analysts’ estimates, the company’s revenue will be $92.68M in the next fiscal year. The high estimate is $116.31M and the low estimate is $76.1M. The average revenue growth estimate for next year is up 4,151.40% from the average revenue estimate for this year.
