PureCycle Technologies Inc [PCT] stock prices are up 3.86% to $9.42 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The PCT shares have gain 6.92% over the last week, with a monthly amount glided 100.00%, 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 August 09, 2024, when TD Cowen reiterated its Buy rating and also boosted its price target to $10 from $7.50. Previously, Craig Hallum downgraded its rating to Hold on January 03, 2024, and kept the price target unchanged to $4. On December 19, 2023, downgrade downgraded it’s rating to Neutral but maintained its price target of $3 on the stock. Oppenheimer downgraded its rating to a Perform. Stifel initiated its recommendation with a Buy and recommended $15 as its price target on September 16, 2022. Cowen started tracking with a Outperform rating for this stock on September 23, 2021, and assigned it a price target of $31. In a note dated August 26, 2021, Jefferies initiated an Buy rating and provided a target price of $25 on this stock.
The stock price of PureCycle Technologies Inc [PCT] has been fluctuating between $2.38 and $10.68 over the past year. Currently, Wall Street analysts expect the stock to reach $8 within the next 12 months. PureCycle Technologies Inc [NASDAQ: PCT] shares were valued at $9.42 at the most recent close of the market. An investor can expect a potential drop of -15.07% based on the average PCT price forecast.
Analyzing the PCT fundamentals
To continue investigating profitability, this company’s Return on Assets is posted at -0.25, Equity is -0.49 and Total Capital is -0.21. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.08.
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 9.00 points at the first support level, and at 8.59 for the second support level. However, for the 1st resistance point, the stock is sitting at 9.75, and for the 2nd resistance point, it is at 10.09.
Ratios To Look Out For
It’s worth pointing out that PureCycle Technologies Inc [NASDAQ:PCT]’s Current Ratio is 0.67. Further, the Quick Ratio stands at 0.54, while the Cash Ratio is 0.29.
Transactions by insiders
Recent insider trading involved SYLEBRA CAPITAL LLC, 10% Owner, that happened on Sep 13 ’24 when 4.26 million shares were purchased. Director, Musa Fernando completed a deal on Mar 08 ’24 to buy 18303.0 shares. Meanwhile, Director BOUCK STEVEN F bought 8000.0 shares on Nov 16 ’23.
