PureCycle Technologies (NASDAQ:PCT) Reaches New 1-Year Low – Should You Sell?

PureCycle Technologies, Inc. (NASDAQ:PCT)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $5.06 and last traded at $5.1980, with a volume of 1081434 shares traded. The stock had previously closed at $5.28.

Wall Street Analyst Weigh In

Several research analysts recently commented on PCT shares. Cantor Fitzgerald reduced their price objective on shares of PureCycle Technologies from $16.00 to $14.00 and set an “overweight” rating for the company in a research note on Friday, February 27th. Weiss Ratings restated a “sell (d-)” rating on shares of PureCycle Technologies in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $13.00.

PureCycle Technologies Stock Down 1.4%

The company has a 50-day moving average of $7.86 and a 200-day moving average of $9.83. The company has a market capitalization of $924.43 million, a price-to-earnings ratio of -4.24 and a beta of 2.07. The company has a current ratio of 2.26, a quick ratio of 2.15 and a debt-to-equity ratio of 7.62.

PureCycle Technologies (NASDAQ:PCT) last issued its quarterly earnings results on Thursday, February 26th. The company reported ($0.42) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($0.17). PureCycle Technologies had a negative return on equity of 204.74% and a negative net margin of 2,185.10%.The business had revenue of $2.70 million during the quarter, compared to analyst estimates of $6.37 million. On average, equities analysts predict that PureCycle Technologies, Inc. will post -1.01 earnings per share for the current fiscal year.

Institutional Trading of PureCycle Technologies

Institutional investors have recently bought and sold shares of the stock. Larson Financial Group LLC increased its stake in PureCycle Technologies by 6,571.8% during the 3rd quarter. Larson Financial Group LLC now owns 2,602 shares of the company’s stock valued at $34,000 after purchasing an additional 2,563 shares in the last quarter. Advisory Services Network LLC purchased a new stake in shares of PureCycle Technologies during the third quarter valued at $35,000. SHP Wealth Management purchased a new stake in shares of PureCycle Technologies during the fourth quarter valued at $43,000. Farther Finance Advisors LLC increased its position in shares of PureCycle Technologies by 3,047.8% in the 4th quarter. Farther Finance Advisors LLC now owns 9,160 shares of the company’s stock valued at $79,000 after acquiring an additional 8,869 shares during the period. Finally, Independent Advisor Alliance acquired a new position in shares of PureCycle Technologies in the 4th quarter valued at $87,000. 63.01% of the stock is currently owned by institutional investors and hedge funds.

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.