Purecycle Technologies Holdings Stock Price on January 17, 2023
| PCTTU Stock | USD 7.47 0.12 1.63% |
If you're considering investing in Purecycle Stock, it is important to understand the factors that can impact its price. As of today, the current price of Purecycle Technologies stands at 7.47, as last reported on the 24th of April, with the highest price reaching 7.47 and the lowest price hitting 7.47 during the day. Purecycle Technologies appears to be relatively risky, given 3 months investment horizon. Purecycle Technologies maintains Sharpe Ratio (i.e., Efficiency) of 0.16, which implies the firm had a 0.16% return per unit of risk over the last 3 months. By analyzing Purecycle Technologies' technical indicators, you can evaluate if the expected return of 0.99% is justified by implied risk. Please evaluate Purecycle Technologies' Coefficient Of Variation of 495.63, semi deviation of 1.14, and Risk Adjusted Performance of 0.1333 to confirm if our risk estimates are consistent with your expectations.
At this time, Purecycle Technologies' Common Stock Total Equity is comparatively stable compared to the past year. Common Stock is likely to gain to about 169.1 K in 2024, whereas Total Stockholder Equity is likely to drop slightly above 262 M in 2024. . Price Earnings Ratio is likely to drop to -6.85 in 2024. Price Book Value Ratio is likely to drop to 1.50 in 2024. Purecycle Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Purecycle |
Sharpe Ratio = 0.157
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Estimated Market Risk
| 6.32 actual daily | 55 55% of assets are less volatile |
Expected Return
| 0.99 actual daily | 19 81% of assets have higher returns |
Risk-Adjusted Return
| 0.16 actual daily | 12 88% of assets perform better |
Based on monthly moving average Purecycle Technologies is performing at about 12% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Purecycle Technologies by adding it to a well-diversified portfolio.
Book Value 2.558 | Enterprise Value 1.7 B | Shares Float 88.9 M | Earnings Share (0.62) |
Purecycle Technologies Valuation on January 17, 2023
It is possible to determine the worth of Purecycle Technologies on a given historical date. On January 17, 2023 Purecycle was worth 10.4 at the beginning of the trading date compared to the closed value of 10.55. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Purecycle Technologies stock. Still, in general, we apply an absolute valuation method to find Purecycle Technologies' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Purecycle Technologies where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Purecycle Technologies' related companies.
| Open | High | Low | Close | Volume | |
| 9.99 | 9.99 | 9.99 | 9.99 | 300.00 | |
01/17/2023 | 10.40 | 11.00 | 10.40 | 10.55 | 3,900 |
| 11.00 | 11.00 | 10.60 | 11.00 | 183.00 |
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Purecycle Technologies Trading Date Momentum on January 17, 2023
| On January 18 2023 Purecycle Technologies Holdings was traded for 11.00 at the closing time. The highest daily price throughout the period was 11.00 and the lowest price was 10.60 . The daily volume was 183. The net trading volume on 01/18/2023 added to the next day price appreciation. The trading delta at closing time to closing price of the next trading day was 4.27% . The trading delta at closing time to current closing price is 17.06% . |
Purecycle Technologies Fundamentals Correlations and Trends
By evaluating Purecycle Technologies' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Purecycle Technologies' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Purecycle financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Purecycle Technologies Stock history
Purecycle Technologies investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Purecycle is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Purecycle Technologies will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Purecycle Technologies stock prices may prove useful in developing a viable investing in Purecycle Technologies
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 164 M | 126.2 M | |
| Net Loss | -76.3 M | -80.1 M |
Purecycle Technologies Stock Technical Analysis
Purecycle Technologies technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Purecycle Technologies Period Price Range
Low | January 17, 2023
| High |
10.40 | 10.55 |
Purecycle Technologies April 24, 2024 Market Strength
Market strength indicators help investors to evaluate how Purecycle Technologies stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Purecycle Technologies shares will generate the highest return on investment. By undertsting and applying Purecycle Technologies stock market strength indicators, traders can identify Purecycle Technologies Holdings entry and exit signals to maximize returns
Purecycle Technologies Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Purecycle Technologies' price direction in advance. Along with the technical and fundamental analysis of Purecycle Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Purecycle to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1333 | |||
| Jensen Alpha | 1.28 | |||
| Total Risk Alpha | 0.4597 | |||
| Sortino Ratio | 0.2623 | |||
| Treynor Ratio | 14.91 |
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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Purecycle Technologies Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For more information on how to buy Purecycle Stock please use our How to Invest in Purecycle Technologies guide.You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Complementary Tools for Purecycle Stock analysis
When running Purecycle Technologies' price analysis, check to measure Purecycle Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Purecycle Technologies is operating at the current time. Most of Purecycle Technologies' value examination focuses on studying past and present price action to predict the probability of Purecycle Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Purecycle Technologies' price. Additionally, you may evaluate how the addition of Purecycle Technologies to your portfolios can decrease your overall portfolio volatility.
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Is Purecycle Technologies' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Purecycle Technologies. If investors know Purecycle will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Purecycle Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.62) | Return On Assets (0.07) | Return On Equity (0.22) |
The market value of Purecycle Technologies is measured differently than its book value, which is the value of Purecycle that is recorded on the company's balance sheet. Investors also form their own opinion of Purecycle Technologies' value that differs from its market value or its book value, called intrinsic value, which is Purecycle Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Purecycle Technologies' market value can be influenced by many factors that don't directly affect Purecycle Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Purecycle Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Purecycle Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Purecycle Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.