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How to Buy Purecycle Technologies Stock

Purecycle Technologies Inc

PureCycle Technologies, Inc. produces recycled polypropylene (PP). The company holds a license for restoring waste PP into ultra-pure recycled resin.

Purecycle Technologies stock last closed at $6.05, up 3.95% from the previous day, and has decreased 8.75% in one year. It has underperformed other stocks in the Pollution & Treatment Controls industry by 0.34 percentage points. Purecycle Technologies stock is currently +153.67% from its 52-week low of $2.39, and -49.12% from its 52-week high of $11.89.

There are currently 164.33M PCT shares outstanding. The market capitalization of PCT is $994.22M. In the last 24 hours, 1.9M PCT shares were traded.

How to Buy Purecycle Technologies Stock

Not sure how to invest in Purecycle Technologies stock? Here's how.
  1. Figure out where to buy Purecycle Technologies stock: You need to decide on an online brokerage, but don't worry - we've tested dozens of online brokerages and apps to help you determine where to buy Purecycle Technologies stock.
  2. Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
  3. Put funds into your investment account: Pick your method of payment and add your information.
  4. Evaluate Purecycle Technologies stock: The Purecycle Technologies ticker symbol is PCT. Is Purecycle Technologies stock a good investment? Should you buy shares of PCT? How do PCT's underlying business fundamentals look? Do top analysts think Purecycle Technologies is a good buy? Why has PCT's stock price moved recently? (Hint: Our stock research tools can help you figure out if PCT is a good stock to buy).
  5. Place your PCT buy order: Decide if you will purchase PCT shares at the current market price or use a limit order to purchase PCT shares at a particular price.
  6. Get key alerts regarding your PCT investment: Create a watchlist to get the latest news on your investment in Purecycle Technologies stock.

Step 1: Figure out where to buy Purecycle Technologies stock

You will need a brokerage account in order to access the NASDAQ market and buy PCT shares.

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Step 2: Sign up for a brokerage account

Now that you've picked the right brokerage, you need to fill out some personal info so you are able to invest in PCT stock today.

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Step 4: Evaluate Purecycle Technologies stock

After you have selected the best place to buy Purecycle Technologies stock, it's very important to evaluate their stock before you invest, so you can wrap your head around the risk as well as the opportunity.

Purecycle Technologies Numbers

PCT Price
$6.05
1w %
-2.73%
1y %
-8.75%
5y %
N/A
P/E
-9.76x
P/B
2.37x
P/S
N/A
PEG
N/A
Revenue
$0.00
Earnings
-$101.72M
Fore. Rev. Growth
N/A
Fore. Earn. Growth
N/A
Market Cap
$994.22M
Next Earnings
May 6, 2024
Next Dividend
N/A

Fundamentals of PCT

WallStreetZen was designed to help everyday investors perform more accurate fundamental analysis in less time.

You can view all of the due diligence checks on PCT's stock page.

What is the fair value of PCT stock?

Analysts use a variety of different financial metrics, analyses, models, and charts to gauge PCT's intrinsic value.

Using relative valuations metrics:

  • PCT could be undervalued based on its P/B ratio of 2.37x, relative to Pollution & Treatment Controls industry P/B ratio of 7.44x

You can access more valuation research on PCT's stock here.

PCT Financial Summary

Passed Financial Due Diligence Checks:

  • There are more short-term assets than short-term liabilities on the PCT balance sheet.

Failed Financial Due Diligence Checks:

  • PCT has cash burn of 248805000. It does not have sufficient cash and short-term investments to cover this.
  • PCT has $147.33M in cash and short term investments. This is not sufficient to cover its annual cash burn of $248.81M.
  • There are more long-term liabilities than short-term assets on the PCT balance sheet.
  • PCT has a relatively high debt to equity ratio of 1.47.

Do analysts think it's a good time to buy Purecycle Technologies stock

Out of 3 sell side analysts who give ratings on PCT, the consensus analyst rating on Purecycle Technologies is a Buy

Please keep in mind that analyst forecasts are not stock recommendations, nor are they financial advice.

You can dig deeper into what analysts are forecasting on the Purecycle Technologies stock forecast page.

PCT Momentum

SMA10
5.85
SMA20
5.62
SMA50
4.95
SMA100
4.43
SMA200
6.35
MACD
0.28
MACD Signal
0.26
MACD Histogram
0.02
RSI
59.71
Stochastic %K
69.38
Stochastic %D
72.07
StochRSI %K
70.95
StochRSI %D
76.39

Who is buying/selling PCT?

In the past year, executives and large shareholders at PCT have bought more shares than they have sold.

Brad Kalter, General Counsel and Secretary of PCT, was the latest PCT insider to sell. They sold $29,979.73 worth of PCT shares on Mar 22, 2024.

Dig into more about who owns PCT shares here.

Can I get consistent income from PCT stock?

No, Purecycle Technologies doesn't provide an income stream by paying out dividends.

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Step 5: Place your PCT buy order

There are two main types of orders:

  • Market order: A market order is an order to buy or sell a security at the best available price.
    Market orders are usually sufficient.
  • Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
    If you want to make sure you're buying or selling at a given price limit, use a limit order.

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Step 6: Get key alerts regarding your PCT investment

Now that you own some PCT shares, you'll want to keep up with your new investment.

Create a watchlist to get notified of the latest news about your PCT stock.

PCT Feed

How to Buy Stock in Purecycle Technologies

To reiterate, here are the 6 steps you need to take to buy Purecycle Technologies stock right now:

  1. Figure out where to buy Purecycle Technologies stock
  2. Sign up for a brokerage account
  3. Put funds into your investment account
  4. Evaluate Purecycle Technologies stock
  5. Place your PCT buy order
  6. Get key alerts regarding your PCT investment

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If you would like to track your new investment in Purecycle Technologies, create a watchlist today.

NASDAQ: PCT
$6.05+0.23 (+3.95%)
Updated Mar 27, 2024
Open eToro Account
NASDAQ: PCT
$6.05+0.23 (+3.95%)
Updated Mar 27, 2024
Open eToro Account

FAQ

How much does it cost to buy one Purecycle Technologies share?

As of Mar 27, 2024, it costs $6.05 to buy one share of Purecycle Technologies stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $3, you can buy 0.496 shares of PCT.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Purecycle Technologies stock?

According to 3 Wall Street analysts who monitor Purecycle Technologies, their consensus recommendation is to buy Purecycle Technologies stock.

What is the best way to buy Purecycle Technologies stock?

One way to place an order for Purecycle Technologies stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.