As of Friday close, PureCycle Technologies Inc.’s (NASDAQ:PCT) stock was down -$0.18, moving down -2.83 percent to $6.18. The average number of shares traded per day over the past five days has been 2,468,520 shares. 3 times new highs have been achieved over the past 5 days. In the last twenty days, the average volume was 2,797,800, while in the previous 50 days, it was 2,308,494.
Since last month, PCT stock retreated -32.90%. Shares of the company fell to $5.78 on 09/19/23, the lowest level in the past month. A 52-week high of $11.89 was reached on 07/31/23 after having rallying from a 52-week low of $4.44. Since the beginning of this year, PCT’s stock price has dropped by -8.58% or -$0.58, and marked a new high 16 times. However, the stock has declined by -48.02% since its 52-week high.
PCT stock investors should be aware that PureCycle Technologies Inc. (PCT) stock had its last reported insider trading activity 293 days ago on Dec 04. Olson Dustin, the Chief Executive Officer of the company, disposed of 1,174 shares for $6.51 on Dec 04. It resulted in a $7,643 divestment by the insider.
Financial Health
In the three months ended June 29, PureCycle Technologies Inc.’s quick ratio stood at 1.40, while its current ratio was 1.40, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.65, and the total debt-to-equity ratio was 0.67. Based on annual data, PCT earned -$2.64 million in gross profit and brought in $81.32 million in revenue.
In PureCycle Technologies Inc.’s quarter-end financial report for June 29, it reported total debt of $247.37 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected PureCycle Technologies Inc. to report -$0.13 quarterly earnings, the actual figure was -$0.35 per share, beating the consensus estimate by -169.20%. During the quarter, the company generated -$22.86 million in EBITDA. The liabilities of PureCycle Technologies Inc. were 458.79 million at the end of its most recent quarter ended June 29, and its total debt was $320.01 million. The value of shareholders’ equity is $163.99 million.
Technical Picture
This quick technical analysis looks at PureCycle Technologies Inc.’s (PCT) price momentum. With a historical volatility rate of 108.39%, the RSI 9-day stood at 23.22% on 22 September.
At present, PCT shares trade -31.94% below its 20-day simple moving average and -0.16% percent below its 100-day simple moving average. However, the stock is currently trading approximately -43.72% below its SMA50 and -9.91% below its SMA200.
Stochastic coefficient K was 13.54% and Stochastic coefficient D was 12.09%, while ATR was 0.53. Given the Stochastic reading of 11.80% for the 14-day period, the RSI (14) reading has been calculated as 25.85%. As of today, the MACD Oscillator reading stands at -0.28, while the 14-day reading stands at -1.06.
