A share price of PureCycle Technologies Inc [PCT] is currently trading at $6.01, up 3.98%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The PCT shares have gain 15.80% over the last week, with a monthly amount glided 4.52%, and seem to be holding up well over a long-time horizon.
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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.
PureCycle Technologies Inc experienced fluctuations in its stock price throughout the past year between $2.38 and $11.89. Currently, Wall Street analysts expect the stock to reach $9 within the next 12 months. PureCycle Technologies Inc [NASDAQ: PCT] shares were valued at $6.01 at the most recent close of the market. An investor can expect a potential return of 49.75% based on the average PCT price forecast.
Analyzing the PCT fundamentals
To continue investigating profitability, this company’s Return on Assets is posted at -0.26, Equity is -0.46 and Total Capital is -0.19. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.85.
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 5.87 points at the first support level, and at 5.72 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.11, and for the 2nd resistance point, it is at 6.21.
Ratios To Look Out For
To put it in perspective, the Current Ratio for PureCycle Technologies Inc [NASDAQ:PCT] is 1.17. As well, the Quick Ratio is 1.17, while the Cash Ratio is 0.75.
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.
