Healthy Upside Potential: PureCycle Technologies Inc (PCT)

With 1.53 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.66 million shares. The 52-week range on PCT shows that it touched its highest point at $15.58 and its lowest point at $4.50 during that stretch. It currently has a 1-year price target of $13.60. Beta for the stock currently stands at 1.73.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PCT was down-trending over the past week, with a drop of -5.75%, but this was up by 9.52% over a month. Three-month performance dropped to -22.73% while six-month performance fell -49.62%. The stock gained 25.19% in the past year, while it has lost -36.00% so far this year. A look at the trailing 12-month EPS for PCT yields -1.75 with Next year EPS estimates of -0.40. For the next quarter, that number is -0.23. This implies an EPS growth rate of 55.59% for this year and 48.34% for next year. EPS is expected to grow by 41.57% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -514.21%.

Float and Shares Shorts:

At present, 164.28 million PCT shares are outstanding with a float of 164.18 million shares on hand for trading.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PCT since 4 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$1.12207 being high and -$1.77393 being low. For PCT, this leads to a yearly average estimate of -$1.58158. Based on analyst estimates, the high estimate for the next quarter is -$0.19 and the low estimate is -$0.22. The average estimate for the next quarter is thus -$0.2.