How to buy Pure Cycle shares | $13.44

Own Pure Cycle shares in just a few minutes. Share price changes are updated daily.

Pure Cycle Corporation (PCYO) is a leading utilities-regulated water business based in the US. It opened the day at $13.72 after a previous close of $13.77. During the day the price has varied from a low of $13.355 to a high of $13.73. The latest price was $13.44 (25 minute delay). Pure Cycle is listed on the NASDAQ and employs 31 staff. All prices are listed in US Dollars.

How has coronavirus impacted Pure Cycle's share price?

Since the stock market crash that started in February 2020, Pure Cycle's share price has had significant positive movement.

Its last market close was $14.14, which is 2.69% up on its pre-crash value of $13.76 and 96.94% up on the lowest point reached during the March 2020 crash when the shares fell as low as $7.18.

If you had bought $1,000 worth of Pure Cycle shares at the start of February 2020, those shares would have been worth $701.67 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $1,067.99.

Pure Cycle share price

Use our graph to track the performance of PCYO stocks over time.

Pure Cycle shares at a glance

Information last updated 2021-06-15.
Open$13.72
High$13.73
Low$13.355
Close$13.44
Previous close$13.77
Change $-0.33
Change % -2.3965%
Volume 73,462
Information last updated 2021-06-10.
52-week range$8.52 - $16.63
50-day moving average $14.4306
200-day moving average $12.6554
Wall St. target price$6.55
PE ratio 17.7342
Dividend yield N/A (0%)
Earnings per share (TTM) $0.79
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Is it a good time to buy Pure Cycle stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Pure Cycle price performance over time

Historical closes compared with the last close of $13.44

1 month (2021-05-14) -2.82%
3 months (2021-03-16) -1.47%
6 months (2020-12-16) 25.14%
1 year (2020-06-16) 37.85%
2 years (2019-06-14) 34.94%
3 years (2018-06-15) 37.85%
5 years (2016-06-16) 176.54%

Is Pure Cycle under- or over-valued?

Valuing a stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of overall performance. However, analysts commonly use some key metrics to help gauge value.

P/E ratio

Pure Cycle's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 18x. In other words, Pure Cycle shares trade at around 18x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

EBITDA

Pure Cycle's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $6.8 million.

The EBITDA is a measure of a Pure Cycle's overall financial performance and is widely used to measure a its profitability.

Financials

Revenue TTM $21.5 million
Operating margin TTM 23.38%
Gross profit TTM $8.9 million
Return on assets TTM 3.14%
Return on equity TTM 20.81%
Profit margin 88.02%
Book value $4.21
Market capitalisation $334.9 million

TTM: trailing 12 months

How to short and sell Pure Cycle shares

  1. Create a CFD or spread betting account.
  2. Search for the stock code. E.g. "PCYO.US"
  3. Choose your position size.
  4. Select "sell" rather than "buy".
  5. Confirm your position and keep tabs on it. You may wish to set limits on your position.

There are currently 407,816 Pure Cycle shares held short by investors – that's known as the "short interest". This figure is 11.3% up from 366,290 last month.

There are a few different ways that this level of interest in shorting Pure Cycle shares can be evaluated.

Short interest ratio (SIR)

Pure Cycle's "short interest ratio" (SIR) is the quantity of Pure Cycle shares currently shorted divided by the average quantity of Pure Cycle shares traded daily (recently around 77237.878787879). Pure Cycle's SIR currently stands at 5.28. In other words for every 100,000 Pure Cycle shares traded daily on the market, roughly 5280 shares are currently held short.

However Pure Cycle's short interest can also be evaluated against the total number of Pure Cycle shares, or, against the total number of tradable Pure Cycle shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Pure Cycle's short interest could be expressed as 0.02% of the outstanding shares (for every 100,000 Pure Cycle shares in existence, roughly 20 shares are currently held short) or 0.0245% of the tradable shares (for every 100,000 tradable Pure Cycle shares, roughly 25 shares are currently held short).

A SIR below 10% would generally be considered to indicate a fairly optimistic outlook for the share price, with fewer people currently willing to bet against Pure Cycle.

Find out more about how you can short Pure Cycle stock.

Pure Cycle share dividends

We're not expecting Pure Cycle to pay a dividend over the next 12 months. However, you can browse other dividend-paying shares in our guide.

Have Pure Cycle's shares ever split?

Pure Cycle's shares were split on a 1:10 basis on 26 April 2004. So if you had owned 10 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your Pure Cycle shares – just the quantity. However, indirectly, the new 900% higher share price could have impacted the market appetite for Pure Cycle shares which in turn could have impacted Pure Cycle's share price.

Share price volatility

Over the last 12 months, Pure Cycle's shares have ranged in value from as little as $8.52 up to $16.63. A popular way to gauge a stock's volatility is its "beta".

PCYO.US volatility(beta: 0.66)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Pure Cycle's is 0.656. This would suggest that Pure Cycle's shares are less volatile than average (for this exchange).

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