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Purecycle Technologies Holdings Corp (NASDAQ:PCT)’s stock has reached a new 52-week high, closing at $20.36, marking a 236% gain from its 52-week low of $6.06. This milestone showcases a robust upward trajectory, with InvestingPro data revealing a remarkable 157.7% one-year return. The stock’s technical indicators suggest overbought conditions, with additional insights available through InvestingPro’s comprehensive analysis tools. The surge in stock price underscores market interest in Purecycle’s innovative recycling technology, though current valuations appear stretched based on InvestingPro’s Fair Value analysis. With a market capitalization of $3.46 billion and a price-to-book ratio of 10.35, investors should note that analysts don’t expect profitability this year. As the company expands operations, stakeholders are monitoring its progress, with next earnings expected on August 8, 2025.
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