Perma-Fix Environ stock hits 52-week low at $6.9 amid challenges

Perma-Fix Environmental Services, Inc. (PESI) stock has reached a 52-week low, trading at $6.9, as the company faces a challenging period marked by a significant downturn in its stock value. According to InvestingPro data, the company maintains a healthy balance sheet with a current ratio of 2.29 and holds more cash than debt, despite its overall weak financial health score. Over the past year, Perma-Fix Environ has seen its stock price plummet by 46.68%, with particularly steep declines of -9.69% in the past week and -39.42% over six months. While analysts anticipate 35% sales growth in the current year, the company faces significant challenges. The drop to a 52-week low underscores the hurdles the company has encountered, with shareholders witnessing a substantial erosion in value from the previous year’s trading levels. InvestingPro subscribers can access 12 additional investment tips and a comprehensive analysis report for PESI, helping investors make more informed decisions in this volatile period.

In other recent news, Perma-Fix Environmental Services reported its fourth-quarter financial results, revealing a loss of $0.22 per share, which did not meet analyst expectations for a $0.11 per share loss. Revenue also fell short, coming in at $14.7 million compared to the projected $17.7 million and down from $22.7 million in the same period last year. The decline in revenue was attributed to the completion of two significant projects at the end of 2023 that were not replaced with projects of similar value, alongside reduced waste volume in its Treatment Segment. Gross profit also decreased significantly to $594,000 from $4.3 million a year earlier. Despite these results, Perma-Fix shares rose by 1.7%, possibly indicating investor confidence in the company’s future outlook. The company expressed optimism for 2025, anticipating growth and profitability, particularly in the second half of the year with the U.S. Department of Energy’s Direct-Feed Low-Activity Waste program at Hanford. Additionally, Perma-Fix pointed to progress with its PFAS destruction technology and recent contract wins in nuclear services as positive future catalysts. For the full year of 2024, Perma-Fix reported a net loss of $20 million on $59.1 million in revenue, contrasting with a net income of $485,000 on $89.7 million in revenue for 2023.

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