PureCycle Technologies Inc (NASDAQ:PCT) traded at $4.98 at close of the session on Friday, April 26, made a downward move of -1.39% on its previous day’s price.
Looking at the stock we see that its previous close was $5.05 . In terms of its 52-week price range, PCT has a high of $11.89 and a low of $2.38. The company’s stock has lost about -17.69% over that past 30 days.
PureCycle Technologies Inc has a market cap of $818.91 million. Estimates by analysts give the company expected earnings per share (EPS) of -$0.15, with the EPS growth for the year raised at -$0.45 for 2024 and -$0.17 for next year. These figures represent 27.40% and 62.20% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $1.15 million, with a high of $2.8 million.
On the other hand, looking at the outlook for the PCT stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of Hold. Long term indicators on average place the stock in the category of Hold.
Looking further, we note the current price level is -9.77% off its SMA20 and -10.52% from its 50-day simple moving average. The RSI (14) is pointing at 39.43 while the volatility over the past week is 6.28% and jumps to 5.82% over the past one month. The beta value is 1.60, while the average true range (ATR) is currently pointing at 0.34.
Coming back to PureCycle Technologies Inc (NASDAQ:PCT), we note that the average 3-month trading volume was 2.21 million. Current shares outstanding are 163.55 million.
The insiders hold 15.11% of the company’s shares while institutions hold 79.30%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 22.96% up in year-to-date price movement.
