PureCycle Technologies Inc (NASDAQ:PCT) shares traded -1.26% lower at $14.12 on Wall Street last session.
PCT stock price is now 69.94% away from the 50-day moving average and 130.31% away from the 200-day moving average. The market capitalization of the company currently stands at $2.33B.
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With the price target of $14, Cantor Fitzgerald recently initiated with Overweight rating for PureCycle Technologies Inc (NASDAQ: PCT). On August 09, 2024, TD Cowen reiterated its ‘Buy’ rating on the stock by increasing its target price from $7.50 to quote $10, while ‘Craig Hallum’ rates the stock as ‘Hold’
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 $466.67 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 $0.97 million. A total of 15.13% 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 $14.88. 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 $8.3088 and a two-hundred day moving average price translates $6.130975 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.
