In yesterday’s Wall Street session, PureCycle Technologies Inc (NASDAQ:PCT) shares traded at $4.66, up 13.11% from the previous session.
As of this writing, 6 analysts cover PureCycle Technologies Inc (NASDAQ:PCT). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $16.00 and a low of $6.00, we find $7.00. Given the previous closing price of $4.12, this indicates a potential upside of 69.9 percent. PCT stock price is now 3.31% away from the 50-day moving average and -34.10% away from the 200-day moving average. The market capitalization of the company currently stands at $764.52M.
There are 1 analysts who have given it a hold rating, whereas 5 have given it a buy rating. Brokers who have rated the stock have averaged $8.60 as their price target over the next twelve months.
In other news, Somma Lawrence C, Chief Financial Officer bought 12,510 shares of the company’s stock on Nov 16. The stock was bought for $49,965 at an average price of $3.99. Upon completion of the transaction, the Chief Financial Officer now directly owns 420,371 shares in the company, valued at $1.96 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 16, Director BOUCK STEVEN F bought 8,000 shares of the business’s stock. A total of $31,200 was incurred on buying the stock at an average price of $3.90. This leaves the insider owning 41,640 shares of the company worth $0.19 million. Insiders disposed of 44,692 shares of company stock worth roughly $0.21 million over the past 1 year. A total of 23.12% of the company’s stock is owned by insiders.
Thursday morning saw PureCycle Technologies Inc (NASDAQ: PCT) opened at $4.1000. During the past 12 months, PureCycle Technologies Inc has had a low of $3.05 and a high of $11.89. As of last week, the company has a debt-to-equity ratio of 1.23, a current ratio of 4.95, and a quick ratio of 4.95. The fifty day moving average price for PCT is $4.5107 and a two-hundred day moving average price translates $7.0711 for the stock.
The latest earnings results from PureCycle Technologies Inc (NASDAQ: PCT) was released for Sep, 2023. The company reported revenue of $35.25 million for the quarter, compared to $21.09 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 67.15 percent.
PureCycle Technologies Inc(PCT) Company Profile
PureCycle Technologies, Inc. produces recycled polypropylene (PP). The company holds a license for restoring waste PP into ultra-pure recycled resin. Its recycling process separates color, odor, and other contaminants from plastic waste feedstock to transform it into virgin-like resin. PureCycle Technologies, Inc. was founded in 2015 and is headquartered in Orlando, Florida.
