PureCycle Technologies Inc. (NASDAQ:PCT) finished Wednesday with an addition of $0.51 to close at $10.98, an upside of 4.87 percent. An average of 1,561,097 shares of common stock have been traded in the last five days. There was a gain of $0.10 in the past week, and it reached a new high 7 times over the past 12 months. The last 20 days have seen an average of 1,437,609 shares traded, while the 50-day average volume stands at 1,835,970.
PCT stock has increased by 4.67% in the last month. The company shares reached their 1-month lowest point of $10.02 on 08/09/23. With the stock rallying to its 52-week high on 07/31/23, shares of the company touched a low of $4.44 and a high of $11.89 in 52 weeks. It has reached a new high 16 times so far this year and achieved 62.43% or $4.30 in price. In spite of this, the price is down -7.65% from the 52-week high.
Insider Transactions
PCT stock investors should be aware that PureCycle Technologies Inc. (PCT) stock had its last reported insider trading activity 249 days ago on Dec 04.
Valuation Metrics
PureCycle Technologies Inc. (PCT) stock’s beta is 1.31. Other valuation ratios to consider include the price-to-book (PB) ratio at 3.68.
Financial Health
The quick ratio of PureCycle Technologies Inc. for the three months ended June 29 was 1.60, and the current ratio was 1.60, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.48 and a total debt to equity ratio of 0.00 for the quarter ending June 29. Its gross profit as reported stood at -$2.64 million compared to revenue of $81.32 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, PureCycle Technologies Inc.’s return on assets was -9.70%.
Earnings Surprise
For the three-month period that ended June 29, PureCycle Technologies Inc. had $247.37 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$56.58 million in the quarter, while revenues of -$25.84 million were grew 73.49%. The analyst consensus anticipated PureCycle Technologies Inc.’s latest quarter earnings to come in at -$0.13 per share, but it turned out to be -$0.35, a -169.20% surprise. For the quarter, EBITDA amounted to -$22.86 million. Shareholders own equity worth $163.99 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at PureCycle Technologies Inc. (PCT) price momentum. RSI 9-day as of the close on 09 August was 54.05%, suggesting the stock is Neutral, with historical volatility in this time frame at 55.25%.
As of today, PCT’s price is $10.82 +0.96% or $0.10 from its 5-day moving average. PCT is currently trading +0.77% higher than its 20-day SMA and +77.32% higher than its 100-day SMA. However, the stock’s current price level is +54.54% above the SMA50 and +31.73% above the SMA200.
The stochastic %K and %D were 32.78% and 31.50%, respectively, and the average true range (ATR) was 0.73. With the 14-day stochastic at 55.76% and the average true range at 0.69, the RSI (14) stands at 55.05%. The stock has reached -0.31 on the 9-day MACD Oscillator while the 14-day reading was at -0.29.
Analyst Ratings
Stifel launched coverage on PureCycle Technologies Inc. (NASDAQ: PCT) in its analyst report released on September 16, 2022. The firm assigned the stock a Buy rating.
