A new trading day began on November 20, 2023, with PureCycle Technologies Inc (NASDAQ: PCT) stock priced at $4.50, down -4.54% from the previous day of trading. During the day, the shares moved up to $4.60 and dropped to $4.12 before settling in for the closing price of $4.41. PCT’s price has ranged from $3.05 to $11.89 over the past 52 weeks.
Meanwhile, its annual earnings per share averaged -31.63%. With a float of $126.48 million, this company’s outstanding shares have now reached $163.55 million.
In an organization with 177 employees, it is important to assess its efficiency.
PureCycle Technologies Inc (PCT) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Pollution & Treatment Controls Industry. The insider ownership of PureCycle Technologies Inc is 22.90%, while institutional ownership is 65.71%. The most recent insider transaction that took place on Nov 16, was worth 49,965. In this transaction Chief Financial Officer of this company bought 12,510 shares at a rate of $3.99, taking the stock ownership to the 420,371 shares. Before that another transaction happened on Nov 16, when Company’s Director bought 8,000 for $3.90, making the entire transaction worth $31,200. This insider now owns 41,640 shares in total.
PureCycle Technologies Inc (PCT) Latest Financial update
In its latest quarterly report, released on 9/29/2023, the company reported earnings of $0.03 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a return on equity of -18.99. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.17 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -31.63% per share during the next fiscal year.
PureCycle Technologies Inc (NASDAQ: PCT) Trading Performance Indicators
Here are PureCycle Technologies Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 4.95.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.56, a number that is poised to hit -0.14 in the next quarter and is forecasted to reach -0.37 in one year’s time.
Technical Analysis of PureCycle Technologies Inc (PCT)
Let’s dig in a bit further. During the last 5-days, its volume was 5.61 million. That was better than the volume of 2.24 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 72.72%. Additionally, its Average True Range was 0.54.
During the past 100 days, PureCycle Technologies Inc’s (PCT) raw stochastic average was set at 13.17%, which indicates a significant decrease from 52.83% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 194.48% in the past 14 days, which was higher than the 98.05% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.03, while its 200-day Moving Average is $7.27. However, in the short run, PureCycle Technologies Inc’s stock first resistance to watch stands at $4.50. Second resistance stands at $4.79. The third major resistance level sits at $4.98. If the price goes on to break the first support level at $4.02, it is likely to go to the next support level at $3.83. The third support level lies at $3.54 if the price breaches the second support level.
PureCycle Technologies Inc (NASDAQ: PCT) Key Stats
With a market capitalization of 690.69 million, the company has a total of 164,059K Shares Outstanding. Currently, annual sales are 0 K while annual income is -84,750 K. The company’s previous quarter sales were 0 K while its latest quarter income was 4,890 K.