Is PureCycle Technologies Inc. (PCT) a good stock to buy now?

PureCycle Technologies Inc. (NASDAQ: PCT) is 62.62% higher on its value in year-to-date trading and has touched a low of $9.76 and a high of $35.75 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PCT stock was last observed hovering at around $25.67 in the last trading session, with the day’s gains setting it 0.56% off its average median price target of $48.00 for the next 12 months. It is also 45.35% off the consensus price target high of $48.00 offered by 1 analysts, but current levels are 45.35% higher than the price target low of $48.00 for the same period.

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Currently trading at $26.23, the stock is -4.88% and 5.62% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.97 million and changing 2.18% at the moment leaves the stock 62.14% off its SMA200. PCT registered a gain of 163.62% in past 6-months. The firm has a 50-day simple moving average (SMA 50) of $26.20 and a 200-day simple moving average (SMA200) of $16.69.

The stock witnessed a 23.96% loss in the last 1 month and extending the period to 3 months gives it a 70.55%, and is 11.05% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 9.45% over the week and 12.10% over the month.

Distance from 52-week low is 168.75% and -26.63% from its 52-week high.

PureCycle Technologies Inc. (PCT) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for PureCycle Technologies Inc. (PCT) is a “Buy”. 1 analysts offering their recommendations for the stock, where 0 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

PureCycle Technologies Inc. is expected to release its quarterly report on 09/01/2021..

PureCycle Technologies Inc. (PCT) Top Institutional Holders

32 institutions hold shares in PureCycle Technologies Inc. (PCT), with 607.28k shares held by insiders accounting for 16.81% while institutional investors hold 6.38% of the company’s shares. The shares outstanding are 8.35M, and float is at 2.57M with Short Float at 48.02%. Institutions hold 5.31% of the Float.

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