PureCycle Technologies, Inc. (NASDAQ:PCT – Get Free Report) has been assigned an average recommendation of “Moderate Buy” from the four analysts that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $11.75.
PCT has been the topic of a number of analyst reports. Cantor Fitzgerald cut their price target on PureCycle Technologies from $14.00 to $12.00 and set an “overweight” rating on the stock in a research note on Friday, August 7th. Northland Securities set a $13.00 price objective on PureCycle Technologies in a report on Friday, June 12th. Wall Street Zen lowered PureCycle Technologies from a “sell” rating to a “strong sell” rating in a research report on Sunday, May 10th. Alembic Global Advisors set a $16.00 target price on PureCycle Technologies in a research note on Tuesday, June 16th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of PureCycle Technologies in a report on Friday, June 5th.
Read Our Latest Research Report on PureCycle Technologies
Institutional Inflows and Outflows
PureCycle Technologies Stock Up 3.9%
Shares of NASDAQ:PCT opened at $7.22 on Tuesday. PureCycle Technologies has a fifty-two week low of $4.93 and a fifty-two week high of $15.49. The firm’s 50 day moving average price is $7.41 and its 200 day moving average price is $7.99. The company has a quick ratio of 2.42, a current ratio of 2.60 and a debt-to-equity ratio of 27.37. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of -4.95 and a beta of 2.57.
PureCycle Technologies (NASDAQ:PCT – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported ($0.80) EPS for the quarter, missing the consensus estimate of ($0.29) by ($0.51). The firm had revenue of $4.51 million for the quarter, compared to analyst estimates of $6.11 million. PureCycle Technologies had a negative return on equity of 612.39% and a negative net margin of 1,618.84%. As a group, equities research analysts predict that PureCycle Technologies will post -0.9 earnings per share for the current fiscal year.
PureCycle Technologies Company Profile
PureCycle Technologies, Inc operates as a recycling technology company focused on restoring waste polypropylene to a “virgin-like” state through a proprietary purification process licensed from Procter & Gamble. The company develops, owns and operates recycling facilities that convert used polypropylene feedstock—such as packaging and industrial plastics—into ultra‐pure recycled resin. This resin, known as Qualified Recycled Polymer (QRP), is designed to meet stringent quality specifications for applications in packaging, consumer goods and industrial products.
Headquartered in Orlando, Florida, PureCycle was established with technology development efforts dating back to licensing agreements in the mid-2010s and later spun off as a publicly traded entity in 2021.
See Also
- Five stocks we like better than PureCycle Technologies
- Commodities Are Booming, But These 3 ETFs Tell Different Stories
- 3 Active ETFs Making Big Moves in August
- This ETF Is Outperforming by Avoiding the S&P 500’s Biggest Problem
- Birkenstock Beats the Skeptics—But Not on EPS
Receive News & Ratings for PureCycle Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PureCycle Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
