The closing price of PureCycle Technologies Inc (NASDAQ: PCT) was $5.30 for the day, down -6.53% from the previous closing price of $5.67. On the day, 2298325 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 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:
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.
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.
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.
Shares Statistics:
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 78.56% stake in the company.
Earnings Estimates
The firm’s stock currently is rated by AdvisorShares Vice ETF analysts. The consensus estimate for the next quarter is $16.29, with high estimates of $177.85 and low estimates of $32.47.
Analysts are recommending an EPS of between $Technology and $Technology for the fiscal current year, implying an average EPS of $Utilities.
