How Worried Should Investors Be About PureCycle Technologies Inc (NASDAQ: PCT)

PureCycle Technologies Inc (NASDAQ:PCT) does about 2.10M shares in volume on a normal day but saw 2581990 shares change hands in Monday’s trading. The company now has a market cap of 869.25M USD. Its current market price is $5.28, marking an increase of 9.09% compared to the previous close of $4.84. The 52 week high reached by this stock is $11.89 whilst the lowest price level in 52 weeks is $2.38.

PureCycle Technologies Inc (PCT) has a 20-day trading average at $5.03 and the current price is -55.59% off the 52-week high compared with 121.38% distance from its 52-week low. The 50-day simple moving average of the closing price is $5.41 and its 200-day simple moving average is $5.60. If we look at the stock’s price movements over the week, volatility stands at 8.62%, which decreases to 6.85% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 52.54 to suggest the stock is neutral.

The consensus objective for the share price is $7.80, suggesting that the stock has a potential upside of 32.31% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on January 03, 2024 when Craig Hallum downgraded the stock to “Hold” and issued a price target of $4. ROTH MKM also downgraded the stock to “Neutral” from Buy on December 19, 2023 at a price target of $3.

PureCycle Technologies Inc (PCT) stock is up 2.13% over the week and -6.88% over the past month. Its price is 30.37% year-to-date and -31.25% over the past year.

To reach the target analysts have set, the stock logically needs to grow 32.31 percent from here.

The company has a return on investment of -25.01% and return on equity of -39.29%. The beta has a value of 1.63. Price to book ratio is 2.58.