PureCycle Technologies Inc (NASDAQ:PCT) shares, rose in value, with the stock price down by -2.55% to the previous day’s close as strong demand from buyers drove the stock to $4.96.
Actively observing the price movement in the last trading, the stock closed the session at $5.09. Referring to stock’s 52-week performance, its high was $11.89, and the low was $2.38. On the whole, PCT has fluctuated by -18.02% over the past month.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that PCT’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of PCT currently trading nearly -11.62% and -10.56% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 38.20, while the 7-day volatility ratio is showing 5.56% which for the 30-day chart, stands at 5.73%. Furthermore, PureCycle Technologies Inc (PCT)’s beta value is 1.60, and its average true range (ATR) is 0.34.
A comparison of PureCycle Technologies Inc (PCT) with its peers suggests the former has fared considerably weaker in the market. PCT showed an intraday change of -2.55% in last session, and over the past year, it shrunk by -4.43%%.
Data on historical trading for PureCycle Technologies Inc (NASDAQ:PCT) indicates that the trading volumes over the past 3 months, they’ve averaged 2.27 million. According to company’s latest data on outstanding shares, there are 163.55 million shares outstanding.
Nearly 15.11% of PureCycle Technologies Inc’s shares belong to company insiders and institutional investors own 79.29% of the company’s shares. The stock has risen by 22.47% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PCT stock heading into the next quarter.
