PureCycle Technologies (NASDAQ:PCT) Shares Down 6.8% - Here's What Happened

Key Points

• Shares fell 6.8% to about $5.10 on Tuesday, trading roughly 840,711 shares (an ~82% drop from average volume) and sitting well below its 50‑day ($7.37) and 200‑day ($9.60) moving averages.
• Quarterly results disappointed: PCT reported a $0.42 loss per share versus a $0.25 expected loss and revenue of $2.7M versus $6.37M, with a severely negative net margin and high leverage (debt‑to‑equity 7.62).
• Analyst views are mixed — MarketBeat shows a consensus rating of "Moderate Buy" with a $13 consensus price target, while Weiss Ratings reiterated a sell and Cantor Fitzgerald cut its target to $14.

PureCycle Technologies, Inc. (NASDAQ:PCT - Get Free Report) was down 6.8% during trading on Tuesday . The stock traded as low as $5.10 and last traded at $5.0960. Approximately 840,711 shares traded hands during trading, a decline of 82% from the average daily volume of 4,613,770 shares. The stock had previously closed at $5.47.

Wall Street Analyst Weigh In

Several analysts have commented on PCT shares. Weiss Ratings restated a "sell (d-)" rating on shares of PureCycle Technologies in a research note on Thursday, January 22nd. Cantor Fitzgerald decreased their target price on shares of PureCycle Technologies from $16.00 to $14.00 and set an "overweight" rating for the company in a research note on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $13.00.

PureCycle Technologies Stock Performance

The company has a debt-to-equity ratio of 7.62, a quick ratio of 2.15 and a current ratio of 2.26. The firm's 50 day moving average is $7.37 and its 200-day moving average is $9.60. The stock has a market capitalization of $942.51 million, a price-to-earnings ratio of -4.33 and a beta of 2.10.

PureCycle Technologies (NASDAQ:PCT - Get Free Report) last posted its earnings results on Thursday, February 26th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.17). The firm had revenue of $2.70 million during the quarter, compared to analyst estimates of $6.37 million. PureCycle Technologies had a negative net margin of 2,185.10% and a negative return on equity of 204.74%. Analysts forecast that PureCycle Technologies, Inc. will post -1.01 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PureCycle Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in PCT. Appian Way Asset Management LP grew its holdings in shares of PureCycle Technologies by 1.4% during the third quarter. Appian Way Asset Management LP now owns 4,315,655 shares of the company's stock worth $56,751,000 after buying an additional 59,676 shares in the last quarter. Geode Capital Management LLC lifted its position in PureCycle Technologies by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 3,365,871 shares of the company's stock valued at $28,918,000 after buying an additional 15,536 shares during the last quarter. Gladstone Institutional Advisory LLC lifted its position in PureCycle Technologies by 1.4% in the third quarter. Gladstone Institutional Advisory LLC now owns 3,243,160 shares of the company's stock valued at $42,648,000 after buying an additional 44,817 shares during the last quarter. Simplify Asset Management Inc. lifted its position in PureCycle Technologies by 227.4% in the fourth quarter. Simplify Asset Management Inc. now owns 1,933,564 shares of the company's stock valued at $16,609,000 after buying an additional 1,342,955 shares during the last quarter. Finally, Royal Bank of Canada lifted its position in PureCycle Technologies by 41.8% in the fourth quarter. Royal Bank of Canada now owns 1,671,756 shares of the company's stock valued at $14,361,000 after buying an additional 492,975 shares during the last quarter. Hedge funds and other institutional investors own 63.01% of the company's stock.

About PureCycle Technologies

PureCycle Technologies, Inc operates as a recycling technology company focused on restoring waste polypropylene to a “virgin-like” state through a proprietary purification process licensed from Procter & Gamble. The company develops, owns and operates recycling facilities that convert used polypropylene feedstock—such as packaging and industrial plastics—into ultra‐pure recycled resin. This resin, known as Qualified Recycled Polymer (QRP), is designed to meet stringent quality specifications for applications in packaging, consumer goods and industrial products.

Headquartered in Orlando, Florida, PureCycle was established with technology development efforts dating back to licensing agreements in the mid-2010s and later spun off as a publicly traded entity in 2021.

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