The price of PureCycle Technologies Inc (NASDAQ:PCT) shares last traded on Wall Street rose 13.87% to $9.28.
PCT stock price is now 45.35% away from the 50-day moving average and 74.47% away from the 200-day moving average. The market capitalization of the company currently stands at $1.53B.
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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, SYLEBRA CAPITAL LLC, 10% Owner bought 4,264,393 shares of the company’s stock on Sep 13 ’24. The stock was bought for $20,000,003 at an average price of $4.69. Upon completion of the transaction, the 10% Owner now directly owns 33,050,456 shares in the company, valued at $306.71 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 08 ’24, Director Musa Fernando bought 18,303 shares of the business’s stock. A total of $99,934 was incurred on buying the stock at an average price of $5.46. This leaves the insider owning 68,413 shares of the company worth $0.63 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 $9.55. 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 $6.4666 and a two-hundred day moving average price translates $5.3423 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.
