PureCycle Technologies Inc [NASDAQ: PCT] gained 1.47% or 0.12 points to close at $8.61 with a heavy trading volume of 3310511 shares.
The daily chart for PCT points out that the company has recorded 25.04% gains over the past six months.
If we look at the average trading volume of 2.23M shares, PCT reached to a volume of 3310511 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $13.92 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.
TD Cowen have made an estimate for PureCycle Technologies Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on November 20, 2024. While these analysts kept the previous recommendation, Cantor Fitzgerald raised their target price to Overweight. The new note on the price target was released on October 18, 2024, representing the official price target for PureCycle Technologies Inc stock. Previously, the target price had yet another raise from $7.50 to $10, while TD Cowen kept a Buy rating on PCT stock.
The Average True Range (ATR) for PureCycle Technologies Inc is set at 0.59 The Price to Book ratio for the last quarter was 6.19, with the Price to Cash per share for the same quarter was set at 0.48.
Trading performance analysis for PCT stock
PureCycle Technologies Inc [PCT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.16. With this latest performance, PCT shares dropped by -19.86% in over the last four-week period, additionally plugging by 25.04% over the last 6 months – not to mention a rise of 113.77% 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 32.02, with the RSI for the last a single of trading hit 28.44, and the three-weeks RSI is set at 35.69 for PureCycle Technologies Inc [PCT]. The present Moving Average for the last 50 days of trading for this stock 10.90, while it was recorded at 8.97 for the last single week of trading, and 8.28 for the last 200 days.
PureCycle Technologies Inc [PCT]: A deeper dive into fundamental analysis
PureCycle Technologies Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.63 and a Current Ratio set at 1.74.
PureCycle Technologies Inc [PCT]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PCT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for PureCycle Technologies Inc go to 11.73%.
An analysis of Institutional ownership at PureCycle Technologies Inc [PCT]
There are presently around $78.64%, or 85.54%% 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%.
