While PureCycle Technologies Inc has overperformed by 0.60%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, PCT rose by 164.63%, with highs and lows ranging from $15.58 to $2.38, whereas the simple moving average jumped by 69.10% in the last 200 days.
On October 18, 2024, Cantor Fitzgerald started tracking PureCycle Technologies Inc (NASDAQ: PCT) recommending Overweight. A report published by TD Cowen on August 09, 2024, Reiterated its previous ‘Buy’ rating for PCT. Craig Hallum also Downgraded PCT shares as ‘Hold’, setting a target price of $4 on the company’s shares in a report dated January 03, 2024. Oppenheimer November 09, 2023d its ‘Outperform’ rating to ‘Perform’ for PCT, as published in its report on November 09, 2023. Stifel’s report from September 16, 2022 suggests a price prediction of $15 for PCT shares, giving the stock a ‘Buy’ rating. Cowen also rated the stock as ‘Outperform’.
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Analysis of PureCycle Technologies Inc (PCT)
In order to gain a clear picture of PureCycle Technologies Inc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of -72.81% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.63, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 2.88M can be a very valuable indicator of volatility for PCT stock. On a monthly basis, the volatility of the stock is set at 8.89%, whereas on a weekly basis, it is put at 6.35%, with a loss of -7.82% over the past seven days. Furthermore, long-term investors anticipate a median target price of $12.75, showing growth from the present price of $11.67, which can serve as yet another indication of whether PCT is worth investing in or should be passed over.
How Do You Analyze PureCycle Technologies Inc Shares?
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 15.13%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 96.96% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
PCT shares are owned by institutional investors to the tune of 96.96% at present.
