55.59% percent quarterly performance for PureCycle Technologies Inc (PCT) is not indicative of the underlying story

On Monday, PureCycle Technologies Inc (NASDAQ: PCT) opened higher 0.91% from the last sessionbefore settling in for the closing price of $8.82. Price fluctuations for PCT have ranged from $2.38 to $9.55 over the past 52 weeks.

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Company’s average yearly earnings per share was noted -77.53% at the time writing. With a float of $140.04 million, this company’s outstanding shares have now reached $163.55 million.

The firm has a total of 146 workers. Let’s measure their productivity. In terms of profitability, gross margin is 0.0%, operating margin of 0.0%, and the pretax margin is 0.0%.

PureCycle Technologies Inc (PCT) Insider Activity

A key investor’s attitude towards the stock of the Pollution & Treatment Controls industry is another important factor to consider. The insider ownership of PureCycle Technologies Inc is 15.11%, while institutional ownership is 88.60%. The most recent insider transaction that took place on Sep 13 ’24, was worth 20,000,003. In this transaction 10% Owner of this company bought 4,264,393 shares at a rate of $4.69, taking the stock ownership to the 33,050,456 shares. Before that another transaction happened on Mar 08 ’24, when Company’s Director bought 18,303 for $5.46, making the entire transaction worth $99,934. This insider now owns 68,413 shares in total.

PureCycle Technologies Inc (PCT) Earnings and Forecasts

According to the Wall Street analysts, stocks earnings will be around -77.53% per share during the next fiscal year.

PureCycle Technologies Inc (NASDAQ: PCT) Trading Performance Indicators

Check out the current performance indicators for PureCycle Technologies Inc (PCT). In the past quarter, the stock posted a quick ratio of 0.54.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.96, a number that is poised to hit -0.20 in the next quarter and is forecasted to reach -0.34 in one year’s time.

Technical Analysis of PureCycle Technologies Inc (PCT)

Analysing the last 5-days average volume posted by the [PureCycle Technologies Inc, PCT], we can find that recorded value of 6.48 million was better than the volume posted last year of 2.24 million. As of the previous 9 days, the stock’s Stochastic %D was 90.89%. Additionally, its Average True Range was 0.67.

During the past 100 days, PureCycle Technologies Inc’s (PCT) raw stochastic average was set at 87.13%, which indicates a significant increase from 87.13% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 181.23% in the past 14 days, which was higher than the 93.63% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $6.26, while its 200-day Moving Average is $5.27. Now, the first resistance to watch is $9.30. This is followed by the second major resistance level at $9.69. The third major resistance level sits at $10.00. If the price goes on to break the first support level at $8.60, it is likely to go to the next support level at $8.29. Should the price break the second support level, the third support level stands at $7.90.

PureCycle Technologies Inc (NASDAQ: PCT) Key Stats

There are currently 164,631K shares outstanding in the company with a market cap of 1.47 billion. Presently, the company’s annual sales total 0 K according to its annual income of -101,720 K. Last quarter, the company’s sales amounted to 0 K and its income totaled -48,210 K.