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In the latest session, PureCycle Technologies Inc (NASDAQ: PCT) closed at $11.19 up 0.72% from its previous closing price of $11.11. In other words, the price has increased by $0.72 from its previous closing price. On the day, 1.79 million shares were traded. PCT stock price reached its highest trading level at $11.35 during the session, while it also had its lowest trading level at $10.87.
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 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, Cantor Fitzgerald on October 18, 2024, initiated with a Overweight rating and assigned the stock a target price of $14.
On August 09, 2024, TD Cowen reiterated its Buy rating and also lowered its target price recommendation from $7.50 to $10.
Craig Hallum Downgraded its Buy to Hold on January 03, 2024, while the target price for the stock was maintained at $4.
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 Sep 13 ’24 when SYLEBRA CAPITAL LLC bought 4,264,393 shares for $4.69 per share. The transaction valued at 20,000,003 led to the insider holds 33,050,456 shares of the business.
Musa Fernando bought 18,303 shares of PCT for $99,934 on Mar 08 ’24. The Director now owns 68,413 shares after completing the transaction at $5.46 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 1941353088 and an Enterprise Value of 2161574144.
Stock Price History:
Over the past 52 weeks, PCT has reached a high of $11.25, while it has fallen to a 52-week low of $2.38. The 50-Day Moving Average of the stock is 42.25%, while the 200-Day Moving Average is calculated to be 87.21%.
Shares Statistics:
For the past three months, PCT has traded an average of 2.47M shares per day and 2159470 over the past ten days. A total of 163.55M shares are outstanding, with a floating share count of 140.00M. Insiders hold about 15.13% of the company’s shares, while institutions hold 96.28% stake in the company. Shares short for PCT as of 1727654400 were 44775003 with a Short Ratio of 18.13, compared to 1724976000 on 46565356. Therefore, it implies a Short% of Shares Outstanding of 44775003 and a Short% of Float of 31.620002000000003.
