The closing price of PureCycle Technologies Inc (NASDAQ: PCT) was $5.34 for the day, up 2.69% from the previous closing price of $5.20. In other words, the price has increased by $+0.14 from its previous closing price. On the day, 2744235 shares were traded. PCT stock price reached its highest trading level at $5.44 during the session, while it also had its lowest trading level at $5.15.
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.
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 878.37M and an Enterprise Value of 1.30B.
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 4.45, while the 200-Day Moving Average is calculated to be 6.43.
Shares Statistics:
PCT traded an average of 3.47M shares per day over the past three months and 3M shares per day over the past ten days. A total of 163.55M shares are outstanding, with a floating share count of 125.83M. Insiders hold about 23.42% of the company’s shares, while institutions hold 60.94% stake in the company. Shares short for PCT as of Feb 29, 2024 were 37.21M with a Short Ratio of 10.73, compared to 37.41M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 22.65% and a Short% of Float of 31.99%.
Earnings Estimates
The firm’s stock currently is rated by 4 analysts. On average, analysts expect EPS of -$0.2 for the current quarter, with a high estimate of -$0.14 and a low estimate of -$0.25, while EPS last year was -$0.16. The consensus estimate for the next quarter is -$0.17, with high estimates of -$0.12 and low estimates of -$0.22.
Analysts are recommending an EPS of between -$0.39 and -$0.72 for the fiscal current year, implying an average EPS of -$0.58. EPS for the following year is -$0.42, with 4 analysts recommending between -$0.22 and -$0.69.
Revenue Estimates
Based on 4 analysts’ estimates, the company’s revenue will be $137.31M in the next fiscal year. The high estimate is $162M and the low estimate is $121.03M. The average revenue growth estimate for next year is up 85.70% from the average revenue estimate for this year.
