PureCycle Technologies (PCT) to Release Earnings on Thursday

PureCycle Technologies (NASDAQ:PCT) is expected to post its quarterly earnings results before the market opens on Thursday, February 27th. Analysts expect PureCycle Technologies to post earnings of ($0.22) per share and revenue of $7.55 million for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

PureCycle Technologies Stock Performance

Shares of NASDAQ PCT opened at $9.75 on Tuesday. PureCycle Technologies has a 1 year low of $4.50 and a 1 year high of $15.58. The firm has a market cap of $1.69 billion, a P/E ratio of -6.50 and a beta of 1.58. The stock has a fifty day moving average price of $9.83 and a two-hundred day moving average price of $9.83. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.63 and a current ratio of 1.74.

Insider Transactions at PureCycle Technologies

In other news, major shareholder Sylebra Capital Llc bought 619,925 shares of the firm’s stock in a transaction on Thursday, February 6th. The stock was bought at an average cost of $8.06 per share, for a total transaction of $4,996,595.50. Following the completion of the acquisition, the insider now directly owns 34,077,574 shares in the company, valued at $274,665,246.44. This represents a 1.85 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 11.44% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on PCT shares. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $14.00 target price on shares of PureCycle Technologies in a report on Tuesday, November 19th. Stifel Nicolaus raised their price objective on shares of PureCycle Technologies from $8.00 to $15.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Finally, TD Cowen boosted their target price on shares of PureCycle Technologies from $10.00 to $15.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th.

About PureCycle Technologies

PureCycle Technologies, Inc engages in the production of recycled polypropylene (PP). The company holds a license for restoring waste PP into ultra-pure recycled polypropylene resin that has multiple applications, including packaging and labeling for consumer products, piping, ropes, cabling, and plastic parts for various industries.