On Friday, PureCycle Technologies Inc (NASDAQ: PCT) opened lower -1.26% from the last session, before settling in for the closing price of $14.30. Price fluctuations for PCT have ranged from $2.38 to $14.88 over the past 52 weeks.
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Company’s average yearly earnings per share was noted -83.39% at the time writing. With a float of $140.00 million, this company’s outstanding shares have now reached $163.55 million.
Let’s determine the extent of company efficiency that accounts for 146 employees. 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 15.13%, while institutional ownership is 96.44%. 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
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 0.03 earnings per share (EPS) for the quarter, besting the agreed prediction (set at -0.16) by 0.19. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.18 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -83.39% 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 -0.40 in one year’s time.
Technical Analysis of PureCycle Technologies Inc (PCT)
Looking closely at PureCycle Technologies Inc (NASDAQ: PCT), its last 5-days average volume was 5.78 million, which is a jump from its year-to-date volume of 2.35 million. As of the previous 9 days, the stock’s Stochastic %D was 83.30%. Additionally, its Average True Range was 0.97.
During the past 100 days, PureCycle Technologies Inc’s (PCT) raw stochastic average was set at 86.82%, which indicates a significant increase from 78.98% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 109.21% in the past 14 days, which was higher than the 100.15% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $8.31, while its 200-day Moving Average is $6.13. However, in the short run, PureCycle Technologies Inc’s stock first resistance to watch stands at $15.19. Second resistance stands at $16.25. The third major resistance level sits at $16.93. If the price goes on to break the first support level at $13.45, it is likely to go to the next support level at $12.77. Should the price break the second support level, the third support level stands at $11.71.
PureCycle Technologies Inc (NASDAQ: PCT) Key Stats
There are currently 164,631K shares outstanding in the company with a market cap of 2.33 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.
