While PureCycle Technologies Inc has underperformed by -3.26%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, PCT rose by 173.61%, with highs and lows ranging from $15.58 to $2.38, whereas the simple moving average jumped by 72.19% in the last 200 days.
On November 20, 2024, TD Cowen Reiterated PureCycle Technologies Inc (NASDAQ: PCT) to Buy. A report published by Cantor Fitzgerald on October 18, 2024, Initiated its previous ‘Overweight’ rating for PCT. TD Cowen also reiterated PCT shares as ‘Buy’, quoting a target price of $10 on the company’s shares in a report dated August 09, 2024. ROTH MKM December 19, 2023d its ‘Buy’ rating to ‘Neutral’ for PCT, as published in its report on December 19, 2023. Stifel also rated the stock as ‘Buy’.
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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 3.09M can be a very valuable indicator of volatility for PCT stock. On a monthly basis, the volatility of the stock is set at 6.90%, whereas on a weekly basis, it is put at 6.71%, with a loss of -9.70% over the past seven days. Furthermore, long-term investors anticipate a median target price of $13.58, showing growth from the present price of $12.75, 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 13.61%. 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 92.26% 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 92.26% at present.
