The price of PureCycle Technologies Inc (NASDAQ:PCT) shares last traded on Wall Street rose 18.34% to $8.00.
PCT stock price is now 31.71% away from the 50-day moving average and 53.70% away from the 200-day moving average. The market capitalization of the company currently stands at $1.32B.
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With the price target enhanced from $7.50 to $10, TD Cowen maintained Buy rating for PureCycle Technologies Inc (NASDAQ: PCT). On January 03, 2024, Craig Hallum Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock keeping its target price maintained at $4, while ‘ROTH MKM’ rates the stock as ‘Neutral’
In other news, Musa Fernando, Director bought 18,303 shares of the company’s stock on Mar 08 ’24. The stock was bought for $99,934 at an average price of $5.46. Upon completion of the transaction, the Director now directly owns 68,413 shares in the company, valued at $0.55 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 16 ’23, Director BOUCK STEVEN F bought 8,000 shares of the business’s stock. A total of $31,200 was incurred on buying the stock at an average price of $3.90. This leaves the insider owning 41,640 shares of the company worth $0.33 million. A total of 15.11% of the company’s stock is owned by insiders.
During the past 12 months, PureCycle Technologies Inc has had a low of $2.38 and a high of $8.44. As of last week, the company has a debt-to-equity ratio of 1.17, a current ratio of 0.67, and a quick ratio of 0.54. The fifty day moving average price for PCT is $6.1198 and a two-hundred day moving average price translates $5.2251 for the stock.
The latest earnings results from PureCycle Technologies Inc (NASDAQ: PCT) was released for 2024-06-30. The company reported revenue of $39.92 million for the quarter, compared to $26.59 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 50.12 percent.
