Latest news with #PureCycleTechnologies
Yahoo
03-08-2025
- Business
- Yahoo
Investors push PureCycle Technologies (NASDAQ:PCT) 18% lower this week, company's increasing losses might be to blame
It's been a soft week for PureCycle Technologies, Inc. (NASDAQ:PCT) shares, which are down 18%. But that doesn't change the reality that over twelve months the stock has done really well. After all, the share price is up a market-beating 80% in that time. In light of the stock dropping 18% in the past week, we want to investigate the longer term story, and see if fundamentals have been the driver of the company's positive one-year return. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. Given that PureCycle Technologies didn't make a profit in the last twelve months, we'll focus on revenue growth to form a quick view of its business development. Shareholders of unprofitable companies usually desire strong revenue growth. That's because fast revenue growth can be easily extrapolated to forecast profits, often of considerable size. You can see how earnings and revenue have changed over time in the image below (click on the chart to see the exact values). Balance sheet strength is crucial. It might be well worthwhile taking a look at our free report on how its financial position has changed over time. A Different Perspective It's good to see that PureCycle Technologies has rewarded shareholders with a total shareholder return of 80% in the last twelve months. Since the one-year TSR is better than the five-year TSR (the latter coming in at 5% per year), it would seem that the stock's performance has improved in recent times. In the best case scenario, this may hint at some real business momentum, implying that now could be a great time to delve deeper. It's always interesting to track share price performance over the longer term. But to understand PureCycle Technologies better, we need to consider many other factors. To that end, you should be aware of the 3 warning signs we've spotted with PureCycle Technologies . But note: PureCycle Technologies may not be the best stock to buy. So take a peek at this free list of interesting companies with past earnings growth (and further growth forecast). Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
14-07-2025
- Business
- Bloomberg
Ex-Coatue Trader's Long Bets on Tech Fuel 16.7% First-Half Gain
Sylebra Capital — the stock-picking hedge fund founded by former Coatue Management partner Daniel Gibson — gained 16.7% in the first half of this year, erasing a 7.8% first-quarter loss, according to people familiar with the matter. That was fueled by some of the firm's biggest holdings — renewable plastics company PureCycle Technologies Inc. and Aeva Technologies Inc., a maker of special sensors — which surged 98% and 440%, respectively, during the second quarter. Sylebra's long book gained 58% in the period, while its short portfolio slumped 30%, the people said, asking not to be identified discussing confidential details.
Business Insider
24-06-2025
- Automotive
- Business Insider
Cantor Fitzgerald Sticks to Its Buy Rating for PureCycle Technologies (PCT)
In a report released today, Andres Sheppard from Cantor Fitzgerald maintained a Buy rating on PureCycle Technologies (PCT – Research Report), with a price target of $16.00. The company's shares closed today at $13.11. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Sheppard is a 4-star analyst with an average return of 11.8% and a 50.00% success rate. Sheppard covers the Consumer Cyclical sector, focusing on stocks such as Tesla, Lucid Group, and Rivian Automotive. In addition to Cantor Fitzgerald, PureCycle Technologies also received a Buy from Alembic Global's Hassan Ahmed in a report issued on June 17. However, on June 18, Craig-Hallum maintained a Hold rating on PureCycle Technologies (NASDAQ: PCT). Based on PureCycle Technologies' latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.58 million and a net profit of $8.83 million. In comparison, last year the company earned a revenue of $11.94 million and had a GAAP net loss of $85.61 million
Yahoo
18-06-2025
- Business
- Yahoo
PureCycle (PCT) Jumps After $300M Fresh Funds
PureCycle Technologies, Inc. (NASDAQ:PCT) is one of the . PureCycle Technologies jumped by 18.96 percent on Tuesday to end at $14.12 apiece after raising $300 million in fresh funds through the issuance of convertible preferred stock. In a statement on Tuesday, PureCycle Technologies, Inc. (NASDAQ:PCT) said it entered into a transaction with a series of new and existing investors, including Duquesne Family Office LLC, Wasserstein Debt Opportunities, Samlyn Capital, Pleiad Investment Advisors, and Sylebra Capital Management. An aerial view of a plastic waste recycling plant, showcasing the company's efforts towards a cleaner environment. Proceeds from the offer will be used to bring one billion pounds of installed capacity online before 2030 across the United States, Europe, and Asia. 'Following significant production progress at the Ironton Facility, momentum in our commercialization efforts, and confidence in financing efforts, the time for growth is now. Over the last several years, we have continued to invest time and resources in progressing our global growth plans, and this capital will allow us to execute on those plans,' said PureCycle CEO Dustin Olson. 'This is an impressive group of investment organizations, and we are thankful for their continued support,' he added. While we acknowledge the potential of PCT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
08-05-2025
- Business
- Business Insider
PureCycle Technologies (PCT) Receives a Buy from Alembic Global
In a report released today, Hassan Ahmed from Alembic Global reiterated a Buy rating on PureCycle Technologies (PCT – Research Report), with a price target of $18.00. Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. According to TipRanks, Ahmed is a 4-star analyst with an average return of 3.0% and a 45.25% success rate. Ahmed covers the Basic Materials sector, focusing on stocks such as Celanese, TRONOX, and Air Products and Chemicals. In addition to Alembic Global, PureCycle Technologies also received a Buy from Cantor Fitzgerald's Andres Sheppard in a report issued on May 5. However, yesterday, Craig-Hallum maintained a Hold rating on PureCycle Technologies (NASDAQ: PCT). PCT market cap is currently $1.18B and has a P/E ratio of -3.75. Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PCT in relation to earlier this year.
