PureCycle Technologies Inc. (NASDAQ:PCT) previous close was $18.94 while the outstanding shares total 110.74M. PCT’s shares traded higher over the last trading session, gaining 5.97% on 06/04/21. The shares fell to a low of $18.65 before closing at $20.07. Intraday shares traded counted 2.01 million, which was -54.39% lower than its 30-day average trading volume of 1.30M. The stock’s Relative Strength Index (RSI) is 54.96, with weekly volatility at 9.48% and ATR at 2.13. The PCT stock’s 52-week price range has touched low of $9.76 and a $35.75 high.
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Investors have identified the Pollution & Treatment Controls company PureCycle Technologies Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $2.22 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
PureCycle Technologies Inc. (PCT) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 259.34 million total, with 30.63 million as their total liabilities.
PCT were able to record -54.46 million as free cash flow during the 09/01/2021 quarter of the year, this saw their quarterly net cash flow reduce by 239.51 million. In cash movements, the company had a total of -20.57 million as operating cash flow.
Having a look at the company’s valuation, the company is expected to record -0.58 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on PCT sounds very interesting.
Is the stock of PCT attractive?
In related news, Chief Financial Officer, Dee Michael E bought 4,635 shares of the company’s stock in a transaction that recorded on May 28. The purchase was performed at an average price of 17.27, for a total value of 80,046. As the purchase deal closes, the Chief Financial Officer, Dee Michael E now bought 2,936 shares of the company’s stock, valued at 50,000. Also, Corporate Controller, Westerman Melissa bought 11,400 shares of the company’s stock in a deal that was recorded on May 24. The shares were cost at an average price of 17.47 per share, with a total market value of 199,158. In the last 6 months, insiders have changed their ownership in shares of company stock by 10.70%.
