In the latest session, PureCycle Technologies Inc (NASDAQ: PCT) closed at $5.80 up 2.11% from its previous closing price of $5.68. In other words, the price has increased by $+0.12 from its previous closing price. On the day, 758453 shares were traded.
Ratios:
For a deeper understanding of PureCycle Technologies Inc’s stock, let’s take a closer look at its various ratios. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 953.78M and an Enterprise Value of 1.38B.
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 5.27, while the 200-Day Moving Average is calculated to be 6.29.
Shares Statistics:
For the past three months, PCT has traded an average of 2.78M shares per day and 1.56M over the past ten days. A total of 163.55M shares are outstanding, with a floating share count of 125.94M. Insiders hold about 23.41% of the company’s shares, while institutions hold 60.90% stake in the company. Shares short for PCT as of Mar 15, 2024 were 38.4M with a Short Ratio of 13.81, compared to 36.71M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 23.37% and a Short% of Float of 32.99%.
Earnings Estimates
There are 4 different market analysts currently analyzing its stock. On average, analysts expect EPS of -$0.17 for the current quarter, with a high estimate of -$0.13 and a low estimate of -$0.22, while EPS last year was -$0.16. The consensus estimate for the next quarter is -$0.15, with high estimates of -$0.11 and low estimates of -$0.22.
Analysts are recommending an EPS of between -$0.39 and -$0.68 for the fiscal current year, implying an average EPS of -$0.52. EPS for the following year is -$0.43, with 4 analysts recommending between -$0.22 and -$0.69.
Revenue Estimates
Based on 4 analysts’ estimates, the company’s revenue will be $135.48M 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 166.70% from the average revenue estimate for this year.
