<div id="readability-page-1"><p>PureCycle Technologies (NASDAQ:PCT - Get Free Report) announced its earnings results on Thursday. The company reported ($0.44) EPS for the quarter, missing analysts' consensus estimates of ($0.25) by ($0.19), Zacks reports. The firm had revenue of $2.43 million for the quarter, compared to analyst estimates of $6.04 million.</p><div><p><span></span><span>Get <strong>PureCycle Technologies</strong> alerts:</span></p></div><h2>PureCycle Technologies Stock Performance</h2><ul><li>3 Stocks With High Short Interest Still Near Their 52-Week Highs</li></ul><p>Shares of PCT stock traded up $0.93 during trading hours on Friday, reaching $10.54. 9,999,380 shares of the company's stock were exchanged, compared to its average volume of 3,726,839. The company has a debt-to-equity ratio of 3.54, a current ratio of 2.14 and a quick ratio of 2.07. The company's 50 day moving average is $13.15 and its two-hundred day moving average is $12.24. The company has a market cap of $1.90 billion, a P/E ratio of -7.22 and a beta of 2.01. PureCycle Technologies has a 1 year low of $5.40 and a 1 year high of $17.37. </p><h2>Institutional Inflows and Outflows</h2><p>Several large investors have recently bought and sold shares of the business. Royal Bank of Canada boosted its position in shares of  PureCycle Technologies by 62.4% during the 1st quarter. Royal Bank of Canada now owns 1,042,338 shares of the company's stock worth $7,213,000 after purchasing an additional 400,520 shares in the last quarter.  AQR Capital Management LLC lifted its stake in shares of  PureCycle Technologies by 67.9% in the first quarter. AQR Capital Management LLC now owns 20,963 shares of the company's stock valued at $145,000 after purchasing an additional 8,478 shares during the period.  Integrated Wealth Concepts LLC lifted its stake in shares of  PureCycle Technologies by 4.3% in the first quarter. Integrated Wealth Concepts LLC now owns 36,571 shares of the company's stock valued at $253,000 after purchasing an additional 1,516 shares during the period.  MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in  PureCycle Technologies by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 73,249 shares of the company's stock worth $507,000 after buying an additional 3,161 shares in the last quarter.  Finally, Millennium Management LLC acquired a new position in  PureCycle Technologies during the first quarter worth about $3,770,000. Hedge funds and other institutional investors own  63.01% of the company's stock. </p><h2>Wall Street Analyst Weigh In</h2><ul><li>PureCycle: Up 250% in 2024 - Is This Materials Stock Still a Buy?</li></ul><p>Several brokerages have issued reports on PCT. Seaport Res Ptn raised shares of PureCycle Technologies to a &#34;strong-buy&#34; rating in a research report on Wednesday, October 22nd. Cowen  reissued a &#34;buy&#34; rating on shares of PureCycle Technologies in a report on Friday, August 8th. Northland Securities started coverage on PureCycle Technologies in a research report on Wednesday, August 27th. They issued an &#34;outperform&#34; rating and a $16.00 price target on the stock. Northland Capmk raised PureCycle Technologies to a &#34;strong-buy&#34; rating in a research note on Tuesday, August 26th. Finally, Weiss Ratings  reiterated a &#34;sell (d-)&#34; rating on shares of PureCycle Technologies in a research note on Wednesday, October 8th. Three research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one  has given a Sell rating to the company's stock. According to MarketBeat.com, PureCycle Technologies currently has an average rating of &#34;Buy&#34; and an average target price of $15.00.</p><p><b>Check Out Our Latest Analysis on PCT</b></p><h2>PureCycle Technologies Company Profile</h2> (Get Free Report)<p>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.</p><h2>See Also</h2><ul><li>Five stocks we like better than PureCycle Technologies</li><li>What is the Euro STOXX 50 Index?</li><li>Rivian’s Chart Says Go, But Some Analysts Still Say No</li><li>What is Insider Trading? What You Can Learn from Insider Trading</li><li>e.l.f. Sell-Off Is a Good Time to Buy, According to Analysts</li><li>What Are the U.K. Market Holidays? How to Invest and Trade</li><li>T-Mobile Is The Most Oversold Mega-Cap Stock—Time to Buy?</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/EarningsChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9UENU?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="325" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/EarningsChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9UENU"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in PureCycle Technologies Right Now?</h2><p>Before you consider PureCycle Technologies, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and PureCycle Technologies wasn't on the list.</p><p>While PureCycle Technologies currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>PureCycle Technologies (NASDAQ:PCT) reported earnings of ($0.44) per share for the quarter, missing estimates by $0.19. Revenue was $2.43 million, significantly below the expected $6.04 million. The stock traded up to $10.54, with a market cap of $1.90 billion. Analysts have mixed ratings on the stock, with three giving a "Strong Buy" and one a "Sell". The average target price is $15.00. Institutional investors hold 63.01% of the shares, indicating strong interest in the company.</p>

PureCycle Technologies (NASDAQ:PCT) Releases Earnings Results, Misses Estimates By $0.19 EPS