How have the shares performed?
PureCycle Technologies Inc. (PCT) saw downtrend of -5.29% in the recent trading with $18.61 being its most recent. The current price level -47.94% lower than the highest price of $35.75 marked by the stock while trading over the past 52-weeks, whereas it is 90.68% higher than the lowest price of $9.76 the company dropped to over past 52-weeks. The latest news story on PCT appeared in GlobeNewswire under the title “SHAREHOLDER ALERT: CLAIMSFILER REMINDS ARRY, CCXI, PCT, WISH INVESTORS of Lead Plaintiff Deadline in Class Action Lawsuits” on Jun-14-21.
Squeezing the time span to 30 day period shows us the stock is currently trading -20.44% below one month high and is +64.84% above of the lowest during that time. Looking into the simple moving average, PureCycle Technologies Inc. (PCT)’s stock stands at a SMA-50 of $21.11 while that of 5-day is reading $19.92.
PureCycle Technologies Inc. Earnings – What Happened With PCT
Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor.
PCT – PureCycle Technologies Inc. Stock Earnings Estimates
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 114.07 million. PCT does have institutional investors; and they hold 27.10% of the stock.
PureCycle Technologies Inc. – Insider Activity and Holdings
As on Mar 30, 2021, Sylebra Capital Ltd was the top most holder in PureCycle Technologies Inc. (NASDAQ:PCT) with an ownership of 17.18 million shares of the company or 14.64% of the stake worth $438.15 million. The filing also reveals Samlyn Capital, LLC as the second largest holder in the company with a control over 2.80% of the outstanding shares. Its stake is worth $83.8 million for having 3.29 million shares in hand.
Howard Hughes Medical Institute also came holding a key position in the company during the recent quarter and it now holds 1.42% of the outstanding shares. With this there are now 84 institutions which have possession in PCT’s shares.
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, current ratio recorded by PureCycle Technologies Inc. was 0.42 while posting a debt to equity ratio of 0.85.
PureCycle Technologies Inc.’s return on equity, or ROE, is -22.10%, compared to the industry average of 6.11% for Industrials – Pollution & Treatment Controls. Although this indicates that PCT fails to use its equity well, the metric will vary significantly depending on the industry.