PureCycle Technologies Inc (NASDAQ:PCT) price closed higher on Friday, May 03, jumping 1.91% above its previous close.
A look at the daily price movement shows that the last close reads $5.24. 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 subtracted -5.99% on its value in the past month.
PureCycle Technologies Inc, which has a market valuation of $878.11 million. Analysts tracking PCT have forecast the quarterly EPS to shrink by -0.15 per share this quarter, while the same analysts predict the annual EPS to hit -$0.45 for the year 2024 and up to -$0.17 for 2025. In this case, analysts estimate an annual EPS growth of 27.40% for the year and 62.20% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $1.15 million, with the likely lows of -$ and highs of $2.8 million. Staying with the analyst view, there is a consensus estimate of $50.8 million for the company’s annual revenue in 2024.
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 Hold, while an average of long term indicators are currently assigning the stock as Hold.
The overview shows that PCT’s price is at present 1.16% off the SMA20 and -2.89% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 51.93, with weekly volatility standing at 7.25%. The indicator jumps to 5.94% when calculated based on the past 30 days. PureCycle Technologies Inc (NASDAQ:PCT)’s beta value is holding at 1.63, while the average true range (ATR) indicator is currently reading 0.35.
An analysis of the PureCycle Technologies Inc (NASDAQ:PCT) stock in terms of its daily trading volume indicates that the 3-month average is 2.23 million.
Current records show that the company has 163.55M in outstanding shares. The insiders’ percentage holdings are 15.11% of outstanding shares while the percentage share held by institutions stands at 79.23%. But the 31.85% 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.
