The stock of Quest Resource Holding Corporation (NASDAQ:QRHC) last traded at $8.38, down -4.34% from the previous session.
Data from the available sources indicates that Quest Resource Holding Corporation (NASDAQ:QRHC) is covered by 4 analysts. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $12.00 and a low of $11.00, we find $12.00. Given the previous closing price of $8.76, this indicates a potential upside of 36.99 percent. QRHC stock price is now 3.05% away from the 50-day moving average and 36.37% away from the 200-day moving average. The market capitalization of the company currently stands at $158.88M.
In total, 0 analysts have assigned it a hold rating, and 4 have given it a buy rating. Brokers who have rated the stock have averaged $11.75 as their price target over the next twelve months.
With the price target of $13, Craig Hallum recently initiated with Buy rating for Quest Resource Holding Corporation (NASDAQ: QRHC). On March 06, 2017, Rodman & Renshaw recently initiated its ‘Buy’ rating on the stock quoting a target price of $5, while ‘ROTH Capital’ rates the stock as ‘Buy’.
In other news, Sweitzer David P, EVP and COO sold 20,000 shares of the company’s stock on Oct 31. The stock was sold for $176,144 at an average price of $8.81. Upon completion of the transaction, the EVP and COO now directly owns 8,511 shares in the company, valued at $71322.18. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 18, EVP and COO Sweitzer David P sold 8,584 shares of the business’s stock. A total of $69,470 was realized by selling the stock at an average price of $8.09. This leaves the insider owning 8,511 shares of the company worth $71322.18. Insiders disposed of 229,299 shares of company stock worth roughly $1.92 million over the past 1 year. A total of 8.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in QRHC stock. A new stake in Quest Resource Holding Corporation shares was purchased by EAM INVESTORS, LLC during the first quarter worth $1,883,000. SUSQUEHANNA INTERNATIONAL GROUP, LLP invested $315,000 in shares of QRHC during the first quarter. In the first quarter, BAILARD, INC. acquired a new stake in Quest Resource Holding Corporation valued at approximately $215,000. OCCUDO QUANTITATIVE STRATEGIES LP acquired a new stake in QRHC for approximately $121,000. AMITELL CAPITAL PTE LTD purchased a new stake in QRHC valued at around $39,000 in the second quarter. In total, there are 37 active investors with 44.10% ownership of the company’s stock.
With an opening price of $8.75 on Monday morning, Quest Resource Holding Corporation (NASDAQ: QRHC) set off the trading day. During the past 12 months, Quest Resource Holding Corporation has had a low of $3.60 and a high of $9.69. As of last week, the company has a debt-to-equity ratio of 0.92, a current ratio of 1.40, and a quick ratio of 1.40. The fifty day moving average price for QRHC is $8.13 and a two-hundred day moving average price translates $6.15 for the stock.
The latest earnings results from Quest Resource Holding Corporation (NASDAQ: QRHC) was released for Jun, 2022. According to the Waste Management Company, earnings per share came in at $0.05, beating analysts’ expectations of -$0.08 by 0.13. This compares to $0.03 EPS in the same period last year. The net profit margin was -0.50% and return on equity was -1.60% for QRHC. The company reported revenue of $76.91 million for the quarter, compared to $36.86 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 108.65 percent. For the current quarter, analysts expect QRHC to generate $74.27M in revenue.
Quest Resource Holding Corporation(QRHC) Company Profile
Quest Resource Holding Corporation, together with its subsidiaries, provides solutions for the reuse, recycling, and disposal of various waste streams and recyclables in the United States. It offers disposal and recycling services for motor oil and automotive lubricants, oil filters, scrap tires, oily water, goods destruction, food waste, meat renderings, cooking oil and grease trap waste, plastics, cardboard, metal, glass, mixed paper, construction debris, as well as a large variety of regulated and non-regulated solid, liquid, and gas wastes. The company provides santifreeze and windshield washer fluid, dumpster and compacting equipment, and other minor ancillary services. In addition, it offers landfill diversion services. The company’s services focus on the waste streams and recyclables from big box, grocers, and other retailers; automotive maintenance, quick lube, dealerships, and collision repair; transportation, logistics, and internal fleet operators; manufacturing plants; multi-family and commercial properties; restaurant chains and food operations; and construction and demolition projects. It markets its services to automotive, manufacturing, hospitality and retail, construction and demolition, and commercial and multi-family property management industries through direct sales force and strategic partnerships. The company was formerly known as Infinity Resources Holdings Corp. and changed its name to Quest Resource Holding Corporation in October 2013. Quest Resource Holding Corporation was incorporated in 2002 and is based in The Colony, Texas.