PureCycle Technologies Inc [NASDAQ: PCT] traded at a high on Tuesday, posting a 16.21 gain after which it closed the day’ session at $7.17.
The results of the trading session contributed to over 6147932 shares changing hands. Over the past one week, the price volatility of PureCycle Technologies Inc stands at 8.35% while the volatility over the past one month is 6.16%.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The market cap for PCT stock reached $1.18 billion, with 163.55 million shares outstanding and 139.69 million shares in the current float. Compared to the average trading volume of 1.62M shares, PCT reached a trading volume of 6147932 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about PureCycle Technologies Inc [PCT]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PCT shares is $7.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PCT stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Craig Hallum have made an estimate for PureCycle Technologies Inc shares, keeping their opinion on the stock as Hold, with their previous recommendation back on January 03, 2024. The new note on the price target was released on December 19, 2023, representing the official price target for PureCycle Technologies Inc stock.
The Average True Range (ATR) for PureCycle Technologies Inc is set at 0.40 The Price to Book ratio for the last quarter was 3.50, with the Price to Cash per share for the same quarter was set at 0.21.
How has PCT stock performed recently?
PureCycle Technologies Inc [PCT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 19.30. With this latest performance, PCT shares gained by 23.20% in over the last four-week period, additionally plugging by 117.93% over the last 6 months – not to mention a drop of -32.99% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PCT stock in for the last two-week period is set at 74.08, with the RSI for the last a single of trading hit 80.97, and the three-weeks RSI is set at 68.81 for PureCycle Technologies Inc [PCT]. The present Moving Average for the last 50 days of trading for this stock 5.62, while it was recorded at 6.29 for the last single week of trading, and 4.90 for the last 200 days.
PureCycle Technologies Inc [PCT]: Deeper insight into the fundamentals
PureCycle Technologies Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.17 and a Current Ratio set at 1.17.
Insider trade positions for PureCycle Technologies Inc [PCT]
The top three institutional holders of PCT stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in PCT stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in PCT stock with ownership which is approximately 5.1238%.
