PureCycle Technologies (PCT) Scheduled to Post Earnings on Thursday

PureCycle Technologies (NASDAQ:PCT - Get Free Report) will be announcing its earnings results before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of ($0.22) per share for the quarter. Investors interested in participating in the company's conference call can do so using this link.

PureCycle Technologies (NASDAQ:PCT - Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.13). On average, analysts expect PureCycle Technologies to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

PureCycle Technologies Price Performance

Shares of NASDAQ:PCT traded down $0.40 on Thursday, hitting $13.08. The company's stock had a trading volume of 2,036,446 shares, compared to its average volume of 2,348,216. The company has a 50-day simple moving average of $8.80 and a 200 day simple moving average of $6.79. The company has a market capitalization of $2.16 billion, a PE ratio of -14.04 and a beta of 1.63. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.67 and a quick ratio of 0.54. PureCycle Technologies has a 1 year low of $2.38 and a 1 year high of $15.58.

Insider Buying and Selling

In related news, major shareholder Sylebra Capital Llc acquired 4,264,393 shares of the stock in a transaction on Friday, September 13th. The stock was acquired at an average price of $4.69 per share, for a total transaction of $20,000,003.17. Following the completion of the purchase, the insider now owns 33,050,456 shares of the company's stock, valued at $155,006,638.64. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.44% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on PCT shares. Stifel Nicolaus increased their price objective on PureCycle Technologies from $7.00 to $8.00 and gave the company a "buy" rating in a research report on Monday, August 12th. TD Cowen boosted their price objective on shares of PureCycle Technologies from $7.50 to $10.00 and gave the stock a "buy" rating in a report on Friday, August 9th. Cantor Fitzgerald assumed coverage on shares of PureCycle Technologies in a research note on Friday, October 18th. They issued an "overweight" rating and a $14.00 price target for the company. Finally, Craig Hallum raised their price objective on PureCycle Technologies from $4.00 to $6.00 and gave the company a "hold" rating in a research note on Friday, August 9th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, PureCycle Technologies currently has an average rating of "Hold" and an average target price of $8.20.

PureCycle Technologies Company Profile

PureCycle Technologies, Inc engages in the production of recycled polypropylene (PP). The company holds a license for restoring waste PP into ultra-pure recycled polypropylene resin that has multiple applications, including packaging and labeling for consumer products, piping, ropes, cabling, and plastic parts for various industries.