Key Highlights

  • PureCycle Technologies (NASDAQ:PCT) is listed at USD 3.49, which is -6% above its 52-week low of USD 3.72 and 77.5% below its high of USD 15.49.
  • PureCycle hit a new 52-week low of USD 3.59 on October 13 after reporting second-quarter revenue of USD 4.5 million, up 173%, but a loss of USD 0.80 per share versus a USD 0.29 loss expected.
  • Liquidity was USD 236.9 million after a June convertible note and equity offering, operations spending was USD 8.3 million a month, and Ironton breakeven remains a second-half goal.
  • Thailand financing of about USD 250 million is targeted to close by year-end, and Cantor cut its target to USD 12, while the stock fell 3.19% on a USD 789.556 million market value.

The Latest Verified Updates

No company release dated October 13 was found in company filings and wire releases reviewed, so the most relevant recent updates are summarized here. PureCycle Technologies reported second-quarter 2026 revenue of USD 4.5 million, up about 173% year on year and its sixth straight sequential gain, but a loss of USD 0.80 per share versus a consensus loss of USD 0.29 and revenue below the USD 6.11 million estimate. The stock hit a new 52-week low of USD 3.59 on October 13 from a prior close of USD 3.92, and it trades at USD 3.49 on the screen, below the USD 3.72 low shown. PureFive production was only 4.5 million pounds in the quarter because of the planned Ironton turnaround, versus 8.4 million pounds in the first quarter.

Why Trading Is Heavy and What the Data Says

Total liquidity was USD 236.9 million after the June concurrent offering of convertible senior notes and common stock, and operations spending was USD 8.3 million a month, so liquidity covers about 28 months of operations spending, simple arithmetic. The company expects Ironton to reach breakeven in the second half, secured Thailand Board of Investment approval and targets financial close for its roughly USD 250 million Thailand facility by year-end, with operation expected in 2028. P&G began commercial resin deliveries, six new partnerships were announced in the quarter, and Cantor cut its target to USD 12 from USD 14 while keeping an Overweight rating. Simple arithmetic puts the prior close near USD 3.60, so the day's move is about USD 0.11 a share. The price sits -6% above its 52-week low and 77.5% below its high, which frames how much of the range has already been used. The screen shows volume of 10.465 million shares against a three-month average of 4.448 million, or 2.4 times, and arithmetic on that volume implies traded value of about USD 36.5 million, or 0.0 times the market value. Identical volume figures have appeared on several earlier screens, so treat the field as carried over and rely on the drivers above for why the stock is active.

Risks and What to Watch

Breakeven has slipped repeatedly, the Thailand financing is not yet closed and the stock is at a new low after an earnings miss. What to watch next: Ironton breakeven, the Thailand financing and third-quarter production. This is information only and not investment advice.

Where Things Stand

Market conditions frame the day: oil traded above USD 100, the big banks report this week and speculative technology names were under pressure. PureCycle Technologies (NASDAQ:PCT) is moving with a new low after an earnings miss and a delayed breakeven. A drop on a stock this small and this volatile can reverse quickly, so the balance of evidence favors waiting for confirmation from filings and the next session. Direction remains unknown, and the next catalyst is Ironton breakeven, the Thailand financing and third-quarter production. Check the underlying filings first, verify the latest filings before acting, and treat the figures as a snapshot.