PureCycle Technologies Inc (NASDAQ: PCT) is 15.80% higher on its value in year-to-date trading and has touched a low of $2.38 and a high of $8.81 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 $4.71 in the last trading session, with the day’s loss setting it -0.02%.
Currently trading at $4.69, the stock is -17.65% and -22.86% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.3 million and changing -0.42% at the moment leaves the stock -9.56% off its SMA200. PCT registered -45.40% loss for a year compared to 6-month gain of -2.49%.
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The stock witnessed a -16.84% loss in the last 1 month and extending the period to 3 months gives it a -17.06%, and is -19.00% down 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 8.87% over the week and 6.75% over the month.
PureCycle Technologies Inc (PCT) has around 146 employees, a market worth around $773.66M and $0.00M in sales. Distance from 52-week low is 96.65% and -46.77% from its 52-week high. The company has generated returns on investments over the last 12 months (-24.52%).
with sales reaching $6.2M over the same period.The EPS is expected to shrink by -78.49% this year. Quarterly sales are estimated to grow 108.80% in year-over-year returns.
PureCycle Technologies Inc (PCT) Top Institutional Holders
249.0 institutions hold shares in PureCycle Technologies Inc (PCT), with institutional investors hold 83.91% of the company’s shares. The shares outstanding are 163.55M, and float is at 139.99M with Short Float at 31.24%. Institutions hold 76.83% of the Float.
The top institutional shareholder in the company is SYLEBRA CAPITAL LLC with over 29.19 million shares valued at $172.82 million. The investor’s holdings represent 17.7623% of the PCT Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 13.06 million shares valued at $77.31 million to account for 7.9456 of the shares outstanding. The other top investors are LONGVIEW ASSET MANAGEMENT, LLC which holds 9.72 million shares representing 5.9118% and valued at over $57.52 million, while BLACKROCK INC. holds 5.6643 of the shares totaling 9.31 million with a market value of $55.11 million.
PureCycle Technologies Inc (PCT) Insider Activity
The most recent transaction is an insider purchase by Musa Fernando, the company’s Director. SEC filings show that Musa Fernando bought 18,303 shares of the company’s common stock on Mar 08 ’24 at a price of $5.46 per share for a total of $99934.0. Following the purchase, the insider now owns 68413.0 shares.
PureCycle Technologies Inc disclosed in a document filed with the SEC on Nov 16 ’23 that BOUCK STEVEN F (Director) bought a total of 8,000 shares of the company’s common stock. The trade occurred on Nov 16 ’23 and was made at $3.90 per share for $31200.0. Following the transaction, the insider now directly holds 41640.0 shares of the PCT stock.
Still, SEC filings show that on Nov 16 ’23, Somma Lawrence C (Chief Financial Officer) acquired 12,510 shares at an average price of $3.99 for $49965.0. The insider now directly holds 420,371 shares of PureCycle Technologies Inc (PCT).
