At the time of writing, PureCycle Technologies Inc [PCT] stock is trading at $5.71, down -3.71%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The PCT shares have lost -0.17% over the last week, with a monthly amount glided 18.71%, and seem to be holding up well over a long-time horizon.
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On 28, March 2024, Scheduled Operational Pause at Ironton Purification Facility to Begin in April. In a post published today on Yahoo Finance, PureCycle Technologies, Inc. (NASDAQ:PCT), today, announced that its flagship purification facility in Ironton, Ohio will begin a scheduled operational pause on April 1, 2024. During the pause, several improvements will be made to the facility with the goal of increasing reliability and driving more consistent product quality.
From an analyst’s perspective:
PureCycle Technologies Inc [NASDAQ: PCT] stock has seen the most recent analyst activity on January 03, 2024, when Craig Hallum downgraded its rating to a Hold but kept the price target unchanged to $4 for it. Previously, ROTH MKM downgraded its rating to Neutral on December 19, 2023, and kept the price target unchanged to $3. On November 09, 2023, downgrade downgraded it’s rating to Perform. Stifel started tracking the stock assigning a Buy rating and suggested a price target of $15 on September 16, 2022. Cowen initiated its recommendation with a Outperform and recommended $31 as its price target on September 23, 2021. Jefferies started tracking with a Buy rating for this stock on August 26, 2021, and assigned it a price target of $25. In a note dated June 07, 2021, Alembic Global Advisors initiated an Overweight rating and provided a target price of $30 on this stock.
For the past year, the stock price of PureCycle Technologies Inc fluctuated between $2.38 and $11.89. Currently, Wall Street analysts expect the stock to reach $11 within the next 12 months. PureCycle Technologies Inc [NASDAQ: PCT] shares were valued at $5.71 at the most recent close of the market. An investor can expect a potential return of 92.64% based on the average PCT price forecast.
Analyzing the PCT fundamentals
To continue investigating profitability, this company’s Return on Assets is posted at -0.13, Equity is -0.3 and Total Capital is -0.11. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.23.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 5.58 points at the first support level, and at 5.45 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.85, and for the 2nd resistance point, it is at 5.99.
PureCycle Technologies Inc [PCT] reported earnings per share of -$0.15 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.23/share, meaning a difference of $0.08 and a surprise factor of 34.80%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.03 per share as compared to estimates of -$0.16 per share, a difference of $0.19 representing a surprise of 118.80%.
Ratios To Look Out For
It is important to note that PureCycle Technologies Inc [NASDAQ:PCT] has a current ratio of 2.92. Also, the Quick Ratio is 2.92, while the Cash Ratio stands at 1.78.
Transactions by insiders
Recent insider trading involved Musa Fernando, Director, that happened on Mar 08 ’24 when 18303.0 shares were purchased. Chief Financial Officer, Somma Lawrence C completed a deal on Nov 16 ’23 to buy 12510.0 shares. Meanwhile, Director BOUCK STEVEN F bought 8000.0 shares on Nov 16 ’23.
