PureCycle Technologies Inc (NASDAQ: PCT) is 117.53% higher on its value in year-to-date trading and has touched a low of $2.38 and a high of $10.68 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 $9.50 in the last trading session, with the day’s loss setting it -0.69%.
Currently trading at $8.81, the stock is 12.33% and 26.23% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.49 million and changing -7.26% at the moment leaves the stock 59.65% off its SMA200. PCT registered 57.04% gain for a year compared to 6-month gain of 51.37%. The firm has a 50-day simple moving average (SMA 50) of $7.0324 and a 200-day simple moving average (SMA200) of $5.537675.
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The stock witnessed a 44.43% loss in the last 1 month and extending the period to 3 months gives it a 54.29%, and is -13.37% 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 7.14% over the week and 10.82% over the month.
PureCycle Technologies Inc (PCT) has around 146 employees, a market worth around $1.45B and $0.00M in sales. Distance from 52-week low is 269.39% and -17.49% from its 52-week high. The company has generated returns on investments over the last 12 months (-24.52%).
The EPS is expected to shrink by -80.71% this year.
PureCycle Technologies Inc (PCT) Top Institutional Holders
248.0 institutions hold shares in PureCycle Technologies Inc (PCT), with institutional investors hold 88.44% of the company’s shares. The shares outstanding are 163.55M, and float is at 140.00M with Short Float at 31.99%. Institutions hold 81.30% 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 SYLEBRA CAPITAL LLC, the company’s 10% Owner. SEC filings show that SYLEBRA CAPITAL LLC bought 4,264,393 shares of the company’s common stock on Sep 13 ’24 at a price of $4.69 per share for a total of $20.0 million. Following the purchase, the insider now owns 33.05 million shares.
PureCycle Technologies Inc disclosed in a document filed with the SEC on Mar 08 ’24 that Musa Fernando (Director) bought a total of 18,303 shares of the company’s common stock. The trade occurred on Mar 08 ’24 and was made at $5.46 per share for $99934.0. Following the transaction, the insider now directly holds 68413.0 shares of the PCT stock.
Still, SEC filings show that on Nov 16 ’23, BOUCK STEVEN F (Director) acquired 8,000 shares at an average price of $3.90 for $31200.0. The insider now directly holds 41,640 shares of PureCycle Technologies Inc (PCT).
