In Tuesday’s Wall Street session, PureCycle Technologies Inc (NASDAQ:PCT) shares traded at $6.39, up 14.82% from the previous session.
PCT stock price is now -19.10% away from the 50-day moving average and -28.52% away from the 200-day moving average. The market capitalization of the company currently stands at $1.15B.
With the price target enhanced from $10 to $15, TD Cowen maintained Buy rating for PureCycle Technologies Inc (NASDAQ: PCT). On October 18, 2024, Cantor Fitzgerald recently initiated its ‘Overweight’ rating on the stock quoting a target price of $14, while ‘TD Cowen’ rates the stock as ‘Buy’
In other news, SYLEBRA CAPITAL LLC, 10% Owner bought 619,925 shares of the company’s stock on Feb 06 ’25. The stock was bought for $4,996,596 at an average price of $8.06. Upon completion of the transaction, the 10% Owner now directly owns 34,077,574 shares in the company, valued at $217.76 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 13 ’24, 10% Owner SYLEBRA CAPITAL LLC bought 4,264,393 shares of the business’s stock. A total of $20,000,003 was incurred on buying the stock at an average price of $4.69. This leaves the insider owning 33,050,456 shares of the company worth $211.19 million. A total of 8.49% of the company’s stock is owned by insiders.
During the past 12 months, PureCycle Technologies Inc has had a low of $4.50 and a high of $15.58. As of last week, the company has a debt-to-equity ratio of 2.24, a current ratio of 0.59, and a quick ratio of 0.50. The fifty day moving average price for PCT is $7.8982 and a two-hundred day moving average price translates $8.9391 for the stock.
The latest earnings results from PureCycle Technologies Inc (NASDAQ: PCT) was released for 2024-12-31. The company reported revenue of $35.18 million for the quarter, compared to $33.88 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.82 percent.
