PureCycle Technologies Inc [PCT] stock prices are up 8.73% to $6.85 at the moment. 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 gain 12.11% over the last week, with a monthly amount drifted -12.07%, and not seem to be holding up well over a long-time horizon.
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.
The stock price of PureCycle Technologies Inc [PCT] has been fluctuating between $4.50 and $15.58 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 $6.85 at the most recent close of the market. An investor can expect a potential return of 118.98% based on the average PCT price forecast.
Analyzing the PCT fundamentals
Gross Profit Margin for this corporation currently stands at -5.89% with Operating Profit Margin at -12.18%, Pretax Profit Margin comes in at -24.23%, and Net Profit Margin reading is -24.22%. To continue investigating profitability, this company’s Return on Assets is posted at -0.36, Equity is -1.1 and Total Capital is -0.21. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.22.
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 6.51 points at the first support level, and at 6.18 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.11, and for the 2nd resistance point, it is at 7.38.
Ratios To Look Out For
It’s worth pointing out that PureCycle Technologies Inc [NASDAQ:PCT]’s Current Ratio is 0.59. Also, the Quick Ratio is 0.50, while the Cash Ratio stands at 0.17.
Transactions by insiders
Recent insider trading involved SYLEBRA CAPITAL LLC, 10% Owner, that happened on Feb 06 ’25 when 0.62 million shares were purchased. 10% Owner, SYLEBRA CAPITAL LLC completed a deal on Sep 13 ’24 to buy 4.26 million shares.
