At the time of writing, PureCycle Technologies Inc [PCT] stock is trading at $12.92, up 8.30%. 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 11.38% over the last week, with a monthly amount drifted -8.50%, and not 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 November 20, 2024, when TD Cowen reiterated its Buy rating and also boosted its price target to $15 from $10. Previously, Cantor Fitzgerald started tracking the stock with Overweight rating on October 18, 2024, and set its price target to $14. On August 09, 2024, TD Cowen reiterated its Buy rating and revised its price target to $10 on the stock. Craig Hallum downgraded its rating to a Hold but stick to its price target of $4 on January 03, 2024. ROTH MKM downgraded its rating to a Neutral but $3 remained the price target by the analyst firm on December 19, 2023. Oppenheimer downgraded its rating to Perform for this stock on November 09, 2023. In a note dated September 16, 2022, Stifel initiated an Buy rating and provided a target price of $15 on this stock.
For the past year, the stock price of PureCycle Technologies Inc fluctuated between $2.38 and $15.58. Currently, Wall Street analysts expect the stock to reach $15 within the next 12 months. PureCycle Technologies Inc [NASDAQ: PCT] shares were valued at $12.92 at the most recent close of the market. An investor can expect a potential return of 16.1% based on the average PCT price forecast.
Analyzing the PCT fundamentals
To continue investigating profitability, this company’s Return on Assets is posted at -0.32, Equity is -0.77 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 1.41.
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 12.37 points at the first support level, and at 11.83 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.37, and for the 2nd resistance point, it is at 13.83.
Ratios To Look Out For
It is important to note that PureCycle Technologies Inc [NASDAQ:PCT] has a current ratio of 1.74. As well, the Quick Ratio is 1.63, while the Cash Ratio is 1.44.
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.
