Adversity is less terrifying than hope: PureCycle Technologies Inc (PCT)

With 2.65 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.06 million shares. During the session, the Pollution & Treatment Controls company that operates in wider Industrials sector, reached to the highest price of $14.12 whereas the lowest price it dropped to was $13.53. The 52-week range on PCT shows that it touched its highest point at $15.58 and its lowest point at $2.38 during that stretch. It currently has a 1-year price target of $13.58. Beta for the stock currently stands at 1.57.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PCT was up-trending over the past week, with a rise of 6.50%, but this was up by 6.92% over a month. Three-month performance surged to 136.02% while six-month performance rose 162.60%. The stock gained 197.19% in the past year, while it has gained 239.75% so far this year. A look at the trailing 12-month EPS for PCT yields -1.51 with Next year EPS estimates of -0.46. For the next quarter, that number is -0.21. This implies an EPS growth rate of -113.02% for this year and 65.81% for next year.

Float and Shares Shorts:

At present, 173.49 million PCT shares are outstanding with a float of 147.25 million shares on hand for trading. On 2024-10-31, short shares totaled 39.26 million, which was 2262.9999000000003 higher than short shares on 1727654400. In addition to Mr. Dustin Olson as the firm’s CEO & Director, Mr. Brad Stewart Kalter J.D. serves as its General Counsel & Corporate Secretary.

Institutional Ownership:

Through their ownership of 0.78636 of PCT’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, PCT reported revenue of $0.0 and operating income of -$31298000.0. The EBITDA in the recently reported quarter was -$22991000.0 and diluted EPS was -$0.54.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PCT since 4 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With PCT analysts setting a high price target of 15.0 and a low target of 9.5, the average target price over the next 12 months is 13.1. Based on these targets, PCT could surge 9.01% to reach the target high and fall by -30.96% to reach the target low. Reaching the average price target will result in a decline of -4.8% from current levels.

Analysts have provided yearly estimates in a range of -$0.99235 being high and -$1.5216 being low. For PCT, this leads to a yearly average estimate of -$1.34203. The surprise factor in the prior quarter was -$0.17. Based on analyst estimates, the high estimate for the next quarter is -$0.15 and the low estimate is -$0.23. The average estimate for the next quarter is thus -$0.19.