PureCycle Technologies (PCT) Expected to Announce Earnings on Thursday

PureCycle Technologies (NASDAQ:PCT) is expected to be announcing its earnings results before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of ($0.22) per share and revenue of $7.55 million for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

PureCycle Technologies Trading Down 0.8 %

NASDAQ PCT opened at $9.75 on Tuesday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.63 and a current ratio of 1.74. PureCycle Technologies has a one year low of $4.50 and a one year high of $15.58. The company has a 50-day simple moving average of $9.83 and a 200-day simple moving average of $9.83. The firm has a market capitalization of $1.69 billion, a PE ratio of -6.50 and a beta of 1.58.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at PureCycle Technologies

In other PureCycle Technologies news, major shareholder Sylebra Capital Llc purchased 619,925 shares of the firm’s stock in a transaction dated Thursday, February 6th. The stock was bought at an average price of $8.06 per share, with a total value of $4,996,595.50. Following the completion of the purchase, the insider now owns 34,077,574 shares in the company, valued at $274,665,246.44. This trade represents a 1.85 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 11.44% of the stock is owned by company insiders.

PureCycle Technologies Company Profile

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.