After finishing at $5.10 in the prior trading day, PureCycle Technologies Inc (NASDAQ: PCT) closed at $5.13, up 0.59%. In other words, the price has increased by $+0.03 from its previous closing price. On the day, 2786283 shares were traded.
Ratios:
Our goal is to gain a better understanding of PCT by taking a closer look at its different 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 16 ’23 when Somma Lawrence C bought 12,510 shares for $3.99 per share. The transaction valued at 49,965 led to the insider holds 420,371 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 14 ’23, another insider, Coombs Daniel M, who serves as the Executive Chairman of the company, bought 30,000 shares for $3.95 each. As a result, the insider paid 118,500 and bolstered with 96,695 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 843.04M and an Enterprise Value of 1.27B.
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 4.33, while the 200-Day Moving Average is calculated to be 6.48.
Shares Statistics:
The stock has traded on average 3.61M shares per day over the past 3-months and 2.89M shares per day over the last 10 days, according to various share statistics. A total of 163.55M shares are outstanding, with a floating share count of 125.85M. 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 15, 2024 were 36.71M with a Short Ratio of 10.17, compared to 37.13M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 22.38% and a Short% of Float of 31.62%.
Earnings Estimates
Its stock is currently analyzed by 4 different market analysts. On average, analysts expect EPS of -$0.19 for the current quarter, with a high estimate of -$0.12 and a low estimate of -$0.25, while EPS last year was -$0.16. The consensus estimate for the next quarter is -$0.16, with high estimates of -$0.08 and low estimates of -$0.22.
Analysts are recommending an EPS of between -$0.34 and -$0.72 for the fiscal current year, implying an average EPS of -$0.57. EPS for the following year is -$0.42, with 4 analysts recommending between -$0.23 and -$0.69.
Revenue Estimates
Based on 4 analysts’ estimates, the company’s revenue will be $137.81M 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 56.80% from the average revenue estimate for this year.
