Why Quest Resource Holding Corporation [QRHC] Stock Still Has Countless Sunny Days Ahead

Quest Resource Holding Corporation [QRHC] has traded in a range of $1.10 to $2.56 in the last 1 year. As of this writing, the stock is at $2.04, down -0.05%. To check whether the stock’s short-term amount has a thrust, its good to check stock’s recent movement. Over the last week, QRHC shares are 0.99% up with the monthly amount drift of 10.66% and seems well in a long time frame.

On 16, November 2020, Quest Resource Holding Reports Third Quarter 2020 Financial Results. According to news published on Yahoo Finance, Quest Resource Holding Corporation (NASDAQ: QRHC) (“Quest”), a national leader in environmental waste and recycling services, today announced financial results for the third quarter ended September 30, 2020.

Analyst Birdseye View:

The most recent analyst activity for Quest Resource Holding Corporation [NASDAQ:QRHC] stock was on June 17, 2015, when it was Initiated with a Buy rating from ROTH Capital, which also raised its 12-month price target on the stock to $1.65. Before that, on March 06, 2017, Rodman & Renshaw Recapitulated a Buy rating and elevated its amount target to $5. On December 23, 2014, Maxim Group Initiated a Buy rating and boosted its price target on this stock to $1.80.

In the past 52 weeks of trading, this stock has oscillated between a low of $1.10 and a peak of $2.56. At the most recent market close, shares of Quest Resource Holding Corporation [NASDAQ:QRHC] were valued at $2.04.

FUNDAMENTAL ANALYSIS

Quest Resource Holding Corporation [NASDAQ:QRHC] most recently reported quarterly sales of 23.7 billion, which represented growth of -0.80%. This publicly-traded organization’s revenue is $989,791 per employee, while its income is -$552 per employee. This company’s Gross Margin is currently 19.30%, its Operating Margin is 0.00%, its Pretax Margin is +0.17, and its Net Margin is -0.06. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at -0.07, -0.09, 0.89 and -0.08 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 9.27 and the whole liability to whole assets at 7.81. It shows enduring liability to the whole principal at 8.35 and enduring liability to assets at 0.07 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 2.00 points at 1st support level, the second support level is making up to 1.95. But as of 1st resistance point, this stock is sitting at 2.10 and at 2.15 for 2nd resistance point.

Quest Resource Holding Corporation [QRHC] reported its earnings at -$0.02 per share in the fiscal quarter closing of 9/29/2020. Comparing the previous quarter ending of 6/29/2020, the stated earnings were $0.08 calling estimates for -$0.04/share with the difference of 0.12 depicting the surprise of 300.00%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Quest Resource Holding Corporation [NASDAQ:QRHC] is 1.80. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.26. Now if looking for a valuation of this stock’s amount to sales ratio it’s 0.34, it’s amount to book ratio is 0.54 and showing 40.80 of P/E (TTM) ratio.

Insider Stories

The most recent insider trade was by FRIEDBERG DANIEL M., Director, and it was the purchase of 0.66 million shares on Aug 05. WYNNEFIELD PARTNERS SMALL CAP , the 10% Owner, completed a purchase of 0.28 million shares on Aug 05. On Apr 29, FRIEDBERG DANIEL M., Director, completed a purchase of 11279.0 shares.