In yesterday’s Wall Street session, PureCycle Technologies Inc (NASDAQ:PCT) shares traded at $11.01, up 1.76% from the previous session.
PCT stock price is now 42.32% away from the 50-day moving average and 18.37% away from the 200-day moving average. The market capitalization of the company currently stands at $1.98B.
With the price target reduced from $15 to $13, TD Cowen maintained Buy rating for PureCycle Technologies Inc (NASDAQ: PCT). On November 20, 2024, TD Cowen reiterated its ‘Buy’ rating on the stock by increasing its target price from $10 to quote $15, while ‘Cantor Fitzgerald’ rates the stock as ‘Overweight’
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 $375.19 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 $363.89 million. A total of 8.56% 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 1.75, a current ratio of 0.55, and a quick ratio of 0.45. The net profit margin was -12322.59% and return on equity was -67.71% for PCT.
