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 $7.82, down 3.22% from the previous day, and has decreased 12.82% in one year. It has underperformed other stocks in the Pollution & Treatment Controls industry by 0.39 percentage points. Purecycle Technologies stock is currently +76.13% from its 52-week low of $4.44, and -28.58% from its 52-week high of $10.95.
There are currently 163.67M PCT shares outstanding. The market capitalization of PCT is $1.28B. In the last 24 hours, 795,181 PCT shares were traded.
How to Buy Purecycle Technologies Stock
Not sure how to invest in Purecycle Technologies stock? Here's how.
- 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.
- Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Put funds into your investment account: Pick your method of payment and add your information.
- 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).
- 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.
- 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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Get $10 towards your purchase of shares by creating an account with eToro now.
Open eToro AccountStep 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.
How to Set Up a New Account on eToro
- Click here to get started.
- Provide your personal data to open your new brokerage account.
- Send your data by hitting the "Create Account" button.
Step 3: Put funds into your investment account
Now that you've finished signing up on the stock trading app, you can securely and quickly fund your account:
Watch the tutorial below for more details transferring funds into your brokerage account.
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
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 2.63x, relative to Pollution & Treatment Controls industry P/B ratio of 3.43x
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 344953000. It does not have sufficient cash and short-term investments to cover this.
- PCT has $106.41M in cash and short term investments. This is not sufficient to cover its annual cash burn of $344.95M.
- 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 0.8.
Do analysts think it's a good time to buy Purecycle Technologies stock
Out of 1 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.
Latest PCT Analyst Recommendations
Noah Kaye, a top 11% analyst from Oppenheimer maintains PCT with a buy rating and lowers their PCT price target from $14.00 to $10.00, on Mar 17, 2023.
You can dive deeper into what analysts are forecasting on the Purecycle Technologies stock forecast page.
Metrics for Advanced PCT Traders
Are PCT executives and large shareholders buying or selling the stock?
Over the last year, executives and large shareholders at PCT have sold more shares than they have bought.
Jeffrey Richard Fieler, Director of PCT, was the latest PCT insider to sell. They sold $31,303.84 worth of PCT stock on May 10, 2023.
Learn more about who owns PCT stock here.
Can I rely on PCT as an income stream?
No, Purecycle Technologies doesn't provide an income stream by paying out dividends.
Get opinions from other investors
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other traders have to say.
Step 5: Place your PCT buy order
There are two primary options:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are generally sufficient. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at an exact dollar amount, use a limit order.
Press the Open button and eToro will execute the order.
If you need more assistance investing in stocks on eToro, click the helpful video below:
Step 6: Get key alerts regarding your PCT investment
Now that you own some shares in PCT, you'll want to keep up with your new investment.
Create a watchlist to keep track of your PCT stock.
PCT Feed
How to Buy Stock in Purecycle Technologies
To summarize, here are the 6 steps to buy stock in Purecycle Technologies:
- Figure out where to buy Purecycle Technologies stock
- Sign up for a brokerage account
- Put funds into your investment account
- Evaluate Purecycle Technologies stock
- Place your PCT buy order
- Get key alerts regarding your PCT investment
If you need a online brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you want to get the latest scoop on your new investment in Purecycle Technologies, create a watchlist today.
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