Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
The closing price of PureCycle Technologies Inc (NASDAQ: PCT) was $10.58 for the day, up 1.15% from the previous closing price of $10.46. In other words, the price has increased by $1.15 from its previous closing price. On the day, 1.59 million shares were traded.
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 Feb 06 ’25 when SYLEBRA CAPITAL LLC bought 619,925 shares for $8.06 per share. The transaction valued at 4,996,596 led to the insider holds 34,077,574 shares of the business.
SYLEBRA CAPITAL LLC bought 4,264,393 shares of PCT for $20,000,003 on Sep 13 ’24. The 10% Owner now owns 33,050,456 shares after completing the transaction at $4.69 per share. On Mar 08 ’24, another insider, Musa Fernando, who serves as the Director of the company, bought 18,303 shares for $5.46 each. As a result, the insider paid 99,934 and bolstered with 68,413 shares of the company.
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 $4.50. The 50-Day Moving Average of the stock is 3.91%, while the 200-Day Moving Average is calculated to be 24.49%.
Shares Statistics:
A total of 173.49M shares are outstanding, with a floating share count of 158.95M. Insiders hold about 8.42% of the company’s shares, while institutions hold 72.30% stake in the company.
