PureCycle Technologies (PCT) Stock Price, News & Analysis

Company Overview

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. Its recycling process separates color, odor, and other contaminants from plastic waste feedstock to transform it into virgin-like resin. The company was founded in 2015 and is headquartered in Orlando, Florida.

Key Stats

• Today's Range: $11.69 to $12.55
• 50-Day Range: $8.00 to $14.30
• 52-Week Range: $2.38 to $15.58
• Volume: 2.24 million shs
• Average Volume: 3.66 million shs
• Market Capitalization: $2.08 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $10.60
• Consensus Rating: Moderate Buy

PureCycle Technologies Stock Analysis - MarketRank™

PureCycle Technologies scored higher than 27% of companies evaluated by MarketBeat, and ranked 277th out of 331 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

PureCycle Technologies has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 3 buy ratings, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

PureCycle Technologies has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for PureCycle Technologies are expected to grow in the coming year, from ($1.10) to ($0.85) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of PureCycle Technologies is -7.99, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of PureCycle Technologies is -7.99, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

PureCycle Technologies has a P/B Ratio of 8.63. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

28.04% of the float of PureCycle Technologies has been sold short.

Short Interest Ratio / Days to Cover

PureCycle Technologies has a short interest ratio ("days to cover") of 14, which indicates bearish sentiment.

Change versus previous month

Short interest in PureCycle Technologies has recently decreased by 11.58%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

PureCycle Technologies does not currently pay a dividend.

Dividend Growth

PureCycle Technologies does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

28.04% of the float of PureCycle Technologies has been sold short.

Short Interest Ratio / Days to Cover

PureCycle Technologies has a short interest ratio ("days to cover") of 14, which indicates bearish sentiment.

Change versus previous month

Short interest in PureCycle Technologies has recently decreased by 11.58%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.8 / 5
• News Sentiment: 0.07

News Sentiment

PureCycle Technologies has a news sentiment score of 0.07. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.54 average news sentiment score of Business Services companies.

News Coverage This Week

MarketBeat has tracked 7 news articles for PureCycle Technologies this week, compared to 3 articles on an average week.

Search Interest

15 people have searched for PCT on MarketBeat in the last 30 days. This is an increase of 36% compared to the previous 30 days.

MarketBeat Follows

23 people have added PureCycle Technologies to their MarketBeat watchlist in the last 30 days. This is an increase of 475% compared to the previous 30 days.

Company Ownership

• Score: 4.2 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, PureCycle Technologies insiders have bought more of their company's stock than they have sold. Specifically, they have bought $20,000,003.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

11.44% of the stock of PureCycle Technologies is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

63.01% of the stock of PureCycle Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

PCT Stock Analysis - Frequently Asked Questions

How have PCT shares performed this year?

PureCycle Technologies' stock was trading at $4.05 at the start of the year. Since then, PCT stock has increased by 196.0% and is now trading at $11.99.
View the best growth stocks for 2024 here.

How were PureCycle Technologies' earnings last quarter?

PureCycle Technologies, Inc. (NASDAQ:PCT) released its quarterly earnings data on Thursday, November, 11th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.13) by $0.05.

Who are PureCycle Technologies' major shareholders?

Top institutional shareholders of PureCycle Technologies include Sylebra Capital LLC (20.28%), Appian Way Asset Management LP (3.44%), Gladstone Institutional Advisory LLC (2.02%) and Geode Capital Management LLC (1.89%). Insiders that own company stock include Sylebra Capital Llc, John Stewart Scott, Dustin Olson, Brad Kalter, Daniel M Coombs, Fernando Musa, Steven F Bouck, Jeffrey Richard Fieler, Michael Otworth and David Warner Brenner.
View institutional ownership trends.

How do I buy shares of PureCycle Technologies?

Shares of PCT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Company Calendar

• Last Earnings: 11/11/2021
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Business Services
• Industry: Plastics materials & resins
• Sub-Industry: Chemicals
• Current Symbol: NASDAQ:PCT
• Previous Symbol: NYSE:PCT
• CUSIP: N/A
• CIK: 1830033
• Web: purecycletech.com
• Phone: 877-648-3565
• Fax: N/A
• Employees: 146
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $10.60
• High Stock Price Target: $15.00
• Low Stock Price Target: $3.00
• Potential Upside/Downside: -11.6%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 6 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($1.50)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-101,710,000.00
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: -48.56%
• Return on Assets: -20.42%

Debt

• Debt-to-Equity Ratio: 1.06
• Current Ratio: 0.67
• Quick Ratio: 0.54

Sales & Book Value

• Annual Sales: N/A
• Price / Sales: N/A
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $2.56 per share
• Price / Book: 4.68

Miscellaneous

• Outstanding Shares: 164,961,000
• Free Float: 161,513,000
• Market Cap: $1.98 billion
• Optionable: Not Optionable
• Beta: 1.56