PureCycle Technologies Inc [NASDAQ: PCT] slipped around -0.87 points on Wednesday, while shares priced at $11.79 at the close of the session, down -6.87%.
Compared to the average trading volume of 2.83M shares, PCT reached a trading volume of 3708749 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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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 $12.17 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 1.67. 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.
Cantor Fitzgerald have made an estimate for PureCycle Technologies Inc shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on October 18, 2024. While these analysts kept the previous recommendation, TD Cowen dropped their target price from $7.50 to $10. The new note on the price target was released on August 09, 2024, representing the official price target for PureCycle Technologies Inc stock. Previously, the target price had yet another raise to $4, while Craig Hallum analysts kept a Hold rating on PCT stock.
The Average True Range (ATR) for PureCycle Technologies Inc is set at 1.07 The Price to Book ratio for the last quarter was 6.66, with the Price to Cash per share for the same quarter was set at 0.08.
How has PCT stock performed recently?
PureCycle Technologies Inc [PCT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -11.75. With this latest performance, PCT shares gained by 21.17% in over the last four-week period, additionally plugging by 119.14% over the last 6 months – not to mention a rise of 285.29% 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 50.43, with the RSI for the last a single of trading hit 44.44, and the three-weeks RSI is set at 54.00 for PureCycle Technologies Inc [PCT]. The present Moving Average for the last 50 days of trading for this stock 10.14, while it was recorded at 12.35 for the last single week of trading, and 6.76 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 0.54 and a Current Ratio set at 0.67.
Insider trade positions for PureCycle Technologies Inc [PCT]
There are presently around $81.07%, or 88.19%% of PCT stock, in the hands of institutional investors. The top three institutional holders of PCT stocks are: SYLEBRA CAPITAL LLC with ownership of 29.19 million shares, which is approximately 17.7623%. VANGUARD GROUP INC, holding 13.06 million shares of the stock with an approximate value of $$77.31 million in PCT stocks shares; and VANGUARD GROUP INC, currently with $$57.52 million in PCT stock with ownership which is approximately 5.9118%.
