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Pure Cycle Corporation (PCYO)

Utilities | Utilities - Regulated Water | Watkins, United States | NasdaqCM
11.46 USD +0.38 (3.430%) ⇧ (April 17, 2026, 4 p.m. EDT)
After hours: 11.50 +0.04 (0.343%) ⇧ (April 17, 2026, 5:45 p.m. EDT)

Short-term: ★★★★☆ | Long-term: ★★★☆☆ | Dividends: ☆☆☆☆☆
Hot Take | April 19, 2026, 12:15 a.m. EDT

Dividends are strictly nil (trapped cash in a downturn), and the balance sheet is stretched with debt-to-equity nearing 5.4x and negative free cash flow, making long-term fundamentals shaky given the 127x forward PE. However, the 52-week floor has shifted up as price action recovered well above the 200-day moving average, and Q2 earnings showed strong revenue upside (approx +30%). The net result is a speculative technical rebound trade driven by earnings momentum and utility sector rotation, but it lacks the safety margin or cash flow consistency to be a core hold.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoARIMA ✓0.062081
MSTL0.072733
AutoETS0.073148
AutoTheta0.080335

Forecast horizon: 45 days | Selected: AutoARIMA

Forecast Reliability
Score 45%
H-stat 7.44
Ljung-Box p 0.000
Jarque-Bera p 0.210
Excess Kurtosis -1.12
Attribute Value
Sector Utilities
Debt to Equity Ratio 5.362
Revenue per Share 1.272
Market Cap 276,230,784
Trailing P/E 20.11
Forward P/E 127.33
Beta 1.30
Profit Margins 45.80%
Website https://www.purecyclewater.com

As of April 19, 2026, 12:15 a.m. EDT: Options flow is bifurcated. April expiry shows heavy put open interest (OI) at the 10.0 ATM strike (13 contracts vs near-zero calls), suggesting a significant 'stop-loss' or hedging cluster near recent lows. Conversely, significantly more Call OI exists at out-of-the-money strikes (15.0 strike 'Top OI'), while at-the-money calls (12.5 strike) show minimal positioning. This indicates a contrarian setup with speculators bleeding out the downside (April expiry) but positioning for a bounce or continued upside target (June expiry OTM calls). The low IV (7-10%) suggests complacency regarding volatility, potentially creating a catalyst event risk.


Info Dump

Attribute Value
52 Week Change 0.11804879
Address1 Bldg. 1
Address2 Suite D 34501 E. Quincy Avenue
All Time High 16.63
All Time Low 0.5
Ask 14.77
Ask Size 2
Audit Risk 6
Average Daily Volume10 Day 78,840
Average Daily Volume3 Month 61,403
Average Volume 61,403
Average Volume10Days 78,840
Beta 1.301
Bid 8.14
Bid Size 2
Board Risk 3
Book Value 6.122
City Watkins
Compensation As Of Epoch Date 1,767,139,200
Compensation Risk 6
Country United States
Crypto Tradeable 0
Currency USD
Current Price 11.46
Current Ratio 1.387
Custom Price Alert Confidence HIGH
Date Short Interest 1,774,915,200
Day High 11.495
Day Low 11.23
Debt To Equity 5.362
Display Name Pure Cycle
Earnings Call Timestamp End 1,775,737,800
Earnings Call Timestamp Start 1,775,737,800
Earnings Growth 0.528
Earnings Quarterly Growth 0.366
Earnings Timestamp 1,775,678,400
Earnings Timestamp End 1,783,540,800
Earnings Timestamp Start 1,783,540,800
Ebitda 14,200,000
Ebitda Margins 0.46339
Enterprise To Ebitda 19.675
Enterprise To Revenue 9.117
Enterprise Value 279,388,800
Eps Forward 0.09
Eps Trailing Twelve Months 0.57
Esg Populated 0
Exchange NCM
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fax 303 292 3475
Fifty Day Average 10.6307
Fifty Day Average Change 0.8292999
Fifty Day Average Change Percent 0.0780099
Fifty Two Week Change Percent 11.804878
Fifty Two Week High 12.155
Fifty Two Week High Change -0.6949997
Fifty Two Week High Change Percent -0.05717809
Fifty Two Week Low 9.65
Fifty Two Week Low Change 1.8100004
Fifty Two Week Low Change Percent 0.18756482
Fifty Two Week Range 9.65 - 12.155
Financial Currency USD
First Trade Date Milliseconds 766,243,800,000
Float Shares 18,520,961
Forward Eps 0.09
Forward P E 127.33333
Free Cashflow -1,609,000
Full Exchange Name NasdaqCM
Full Time Employees 44
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,775,001,600
Gross Margins 0.64848
Gross Profits 19,872,000
Has Pre Post Market Data 1
Held Percent Insiders 0.0484
Held Percent Institutions 0.71887
Implied Shares Outstanding 24,103,908
Industry Utilities - Regulated Water
Industry Disp Utilities - Regulated Water
Industry Key utilities-regulated-water
Is Earnings Date Estimate 1
Language en-US
Last Fiscal Year End 1,756,598,400
Last Split Date 1,082,937,600
Last Split Factor 1:10
Long Business Summary Pure Cycle Corporation provides water and wastewater services in the United States. It operates in three segments: Water and Wastewater Resource Development, Land Development, and Single-Family Rental. The company engages in the wholesale water production, storage, treatment, and distribution systems; wastewater collection and treatment systems; development of land into master planned communities; and construction and leasing of single-family homes. It serves domestic, commercial, and industrial customers. Pure Cycle Corporation was incorporated in 1976 and is headquartered in Watkins, Colorado.
Long Name Pure Cycle Corporation
Market us_market
Market Cap 276,230,784
Market State CLOSED
Max Age 86,400
Message Board Id finmb_416326
Most Recent Quarter 1,772,236,800
Net Income To Common 14,034,000
Next Fiscal Year End 1,788,134,400
Non Diluted Market Cap 276,471,824
Open 11.23
Operating Cashflow 3,675,000
Operating Margins 0.05088
Overall Risk 3
Payout Ratio 0.0
Phone 303 292 3456
Post Market Change 0.039299965
Post Market Change Percent 0.34293163
Post Market Price 11.4993
Post Market Time 1,776,462,331
Previous Close 11.08
Price Hint 2
Price To Book 1.8719372
Price To Sales Trailing12 Months 9.014188
Profit Margins 0.45797002
Quick Ratio 0.763
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key none
Region US
Regular Market Change 0.38
Regular Market Change Percent 3.4296
Regular Market Day High 11.495
Regular Market Day Low 11.23
Regular Market Day Range 11.23 - 11.495
Regular Market Open 11.23
Regular Market Previous Close 11.08
Regular Market Price 11.46
Regular Market Time 1,776,456,000
Regular Market Volume 51,586
Return On Assets 0.047119997
Return On Equity 0.099139996
Revenue Growth 0.294
Revenue Per Share 1.272
Sand P52 Week Change 0.38150132
Sector Utilities
Sector Disp Utilities
Sector Key utilities
Share Holder Rights Risk 1
Shares Outstanding 24,103,908
Shares Percent Shares Out 0.0149
Shares Short 359,219
Shares Short Previous Month Date 1,772,150,400
Shares Short Prior Month 295,705
Short Name Pure Cycle Corporation
Short Percent Of Float 0.0185
Short Ratio 6.36
Source Interval 15
State CO
Symbol PCYO
Total Cash 4,815,000
Total Cash Per Share 0.2
Total Debt 7,973,000
Total Revenue 30,644,000
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Eps 0.57
Trailing P E 20.105263
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 10.838025
Two Hundred Day Average Change 0.62197495
Two Hundred Day Average Change Percent 0.057388216
Type Disp Equity
Volume 51,586
Website https://www.purecyclewater.com
Zip 80,137