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The closing price of PureCycle Technologies Inc (NASDAQ: PCT) was $5.67 for the day, down -2.91% from the previous closing price of $5.84. In other words, the price has decreased by -$2.91 from its previous closing price. On the day, 1.86 million shares were traded. PCT stock price reached its highest trading level at $5.97 during the session, while it also had its lowest trading level at $5.55.
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 0.54 and its Current Ratio is at 0.67. In the meantime, Its Debt-to-Equity ratio is 1.17 whereas as Long-Term Debt/Eq ratio is at 1.15.
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 August 09, 2024, Reiterated its Buy rating but revised its target price to $10 from $7.50 previously.
On January 03, 2024, Craig Hallum Downgraded its rating to Hold which previously was Buy but kept the price unchanged to $4.
ROTH MKM Downgraded its Buy to Neutral on December 19, 2023, while the target price for the stock was maintained at $3.
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 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.
BOUCK STEVEN F bought 8,000 shares of PCT for $31,200 on Nov 16 ’23. The Director now owns 41,640 shares after completing the transaction at $3.90 per share. On Nov 16 ’23, another insider, Somma Lawrence C, who serves as the Chief Financial Officer of the company, bought 12,510 shares for $3.99 each. As a result, the insider paid 49,965 and bolstered with 420,371 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 935328832 and an Enterprise Value of 1264184576.
Stock Price History:
Over the past 52 weeks, PCT has reached a high of $10.53, while it has fallen to a 52-week low of $2.38. The 50-Day Moving Average of the stock is -7.28%, while the 200-Day Moving Average is calculated to be 12.12%.
Shares Statistics:
PCT traded an average of 1.72M shares per day over the past three months and 2367920 shares per day over the past ten days. A total of 163.55M shares are outstanding, with a floating share count of 139.90M. Insiders hold about 15.14% of the company’s shares, while institutions hold 88.61% stake in the company. Shares short for PCT as of 1722384000 were 41316529 with a Short Ratio of 24.00, compared to 1719532800 on 40716854. Therefore, it implies a Short% of Shares Outstanding of 41316529 and a Short% of Float of 31.1.
