PureCycle Technologies Inc (NASDAQ: PCT) is -14.54% lower on its value in year-to-date trading and has touched a low of $4.25 and a high of $15.58 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PCT stock was last observed hovering at around $8.48 in the last trading session, with the day’s gains setting it 0.28%.
Currently trading at $8.76, the stock is -5.27% and -17.34% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.08 million and changing 3.36% at the moment leaves the stock 4.89% off its SMA200. PCT registered 77.69% gain for a year compared to 6-month gain of 55.32%. The firm has a 50-day simple moving average (SMA 50) of $10.6878 and a 200-day simple moving average (SMA200) of $8.33255.
The stock witnessed a -9.69% loss in the last 1 month and extending the period to 3 months gives it a -29.70%, and is 3.18% 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 7.04% over the week and 5.85% over the month.
PureCycle Technologies Inc (PCT) has around 146 employees, a market worth around $1.52B and $0.00M in sales. Distance from 52-week low is 105.97% and -43.77% from its 52-week high. The company has generated returns on investments over the last 12 months (-41.69%).
with sales reaching $7.55M over the same period.The EPS is expected to shrink by -128.25% this year, but quarterly earnings will post 0.00% year-over-year. Quarterly sales are estimated to shrink 0.00% in year-over-year returns.
PureCycle Technologies Inc (PCT) Top Institutional Holders
273.0 institutions hold shares in PureCycle Technologies Inc (PCT), with institutional investors hold 85.54% of the company’s shares. The shares outstanding are 173.49M, and float is at 158.82M with Short Float at 23.65%. Institutions hold 78.64% 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’s10% Owner. SEC filings show that SYLEBRA CAPITAL LLC bought 619,925 shares of the company’s common stock on Feb 06 ’25 at a price of $8.06 per share for a total of $5.0 million. Following the purchase, the insider now owns 34.08 million shares.
PureCycle Technologies Inc disclosed in a document filed with the SEC on Sep 13 ’24 that SYLEBRA CAPITAL LLC (10% Owner) bought a total of 4,264,393 shares of the company’s common stock. The trade occurred on Sep 13 ’24 and was made at $4.69 per share for $20.0 million. Following the transaction, the insider now directly holds 33.05 million shares of the PCT stock.
Still, SEC filings show that on Mar 08 ’24, Musa Fernando (Director) acquired 18,303 shares at an average price of $5.46 for $99934.0. The insider now directly holds 68,413 shares of PureCycle Technologies Inc (PCT).
