PureCycle Technologies Inc [PCT] stock is trading at $10.68, up 7.01%. An important factor to consider is whether the stock is rising or falling in short-term value. The PCT shares have gain 13.62% over the last week, with a monthly amount glided 15.09%, 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 October 18, 2024, when Cantor Fitzgerald initiated its Overweight rating and assigned the stock a price target of $14. Previously, TD Cowen reaffirmed its Buy rating on August 09, 2024, and elevated its price target to $10. On January 03, 2024, downgrade downgraded it’s rating to Hold but maintained its price target of $4 on the stock. ROTH MKM downgraded its rating to a Neutral but stick to its price target of $3 on December 19, 2023. Oppenheimer downgraded its rating to a Perform. Stifel started tracking with a Buy rating for this stock on September 16, 2022, and assigned it a price target of $15. In a note dated September 23, 2021, Cowen initiated an Outperform rating and provided a target price of $31 on this stock.
PureCycle Technologies Inc [PCT] stock has fluctuated between $2.38 and $10.68 over the past year. Currently, Wall Street analysts expect the stock to reach $15 within the next 12 months. PureCycle Technologies Inc [NASDAQ: PCT] shares were valued at $10.68 at the most recent close of the market. An investor can expect a potential return of 40.45% 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 10.31 points at the first support level, and at 9.94 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.15, and for the 2nd resistance point, it is at 11.62.
Ratios To Look Out For
For context, PureCycle Technologies Inc’s Current Ratio is 0.67. On the other hand, the Quick Ratio is 0.54, and 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.
