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Friday, September 29, 2023

PureCycle Technologies Inc. (PCT): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for PureCycle Technologies Inc. (PCT) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.875, or -11.55%, to $6.70. The PureCycle Technologies Inc. has recorded 171,494 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that PureCycle Announces Upsize and Pricing of $215.0 Million 7.25% Green Convertible Senior Notes Due 2030.

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Stocks Info

This NASDAQ-listed company operates within the Pollution & Treatment Controls industry segment, falling under the Industrials sector. At the end of the last regular session, the stock closed at $7.57 and fluctuated between $7.89 as its day high and $7.53 as its day low. The current market capitalization of PureCycle Technologies Inc. is $1.25B. A total of 2.39 million shares were traded on the day, compared to an average of 2.07M shares.

Insider trades can also provide insight into a stock’s future direction. During the recent three months, PCT has seen 1 BUY and 5 SELL insider trades, representing the acquisition of 9,827 and the disposition of 27,019 shares. Over the last 12 months, there were 11 BUYs and 16 SELLs from insiders. Insiders purchased 603,116 shares during that period but sold 47,040.

In the most recent transaction, Olson Dustin sold 1,174 shares of PCT for 6.51 per share on Dec 04. After the transaction, the Chief Executive Officer now owns 484,045 company shares.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for PCT in the last 3 months, the mean price target is $14.92 with high estimates of $18.00 and low estimates of $12.00. In terms of 52-week highs and lows, PCT has a high of $11.89 and a low of $4.44.

As of this writing, PCT has an earnings estimate of -$0.15 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of -$0.1 per share and a lower estimate of -$0.2. The company reported an EPS of -$0.16 in the last quarter, which was -23.10% lower than expectations of -$0.13.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. PCT’s latest balance sheet shows that the firm has $200.78M in Cash & Short Term Investments as of fiscal 2021. There were $232.51M in debt and $38.46M in liabilities at the time. Its Book Value Per Share was $2.65, while its Total Shareholder’s Equity was $381.54M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PCT is Buy with a score of 5.00.

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