PureCycle Technologies Inc (NASDAQ:PCT) price closed lower on Friday, April 12, dropping -3.41% below its previous close.
A look at the daily price movement shows that the last close reads $5.87. The company’s 5Y monthly beta was ticking 1.55. Taking into account the 52-week price action we note that the stock hit a 52-week high of $11.89 and 52-week low of $2.38. The stock added 5.78% on its value in the past month. PureCycle Technologies Inc, which has a market valuation of $932.37 million, is expected to release its quarterly earnings report May 06, 2024 – May 10, 2024.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give PCT a short term outlook of Hold on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Buy, while an average of long term indicators are currently assigning the stock as Hold.
The overview shows that PCT’s price is at present -3.14% off the SMA20 and 4.45% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 49.60, with weekly volatility standing at 5.28%. The indicator jumps to 6.30% when calculated based on the past 30 days. PureCycle Technologies Inc (NASDAQ:PCT)’s beta value is holding at 1.56, while the average true range (ATR) indicator is currently reading 0.39. An analysis of the PureCycle Technologies Inc (NASDAQ:PCT) stock in terms of its daily trading volume indicates that the 3-month average is 2.56 million.
Current records show that the company has 163.55M in outstanding shares. The insiders’ percentage holdings are 23.37% of outstanding shares while the percentage share held by institutions stands at 78.56%. But the 40.00% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
