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In a challenging market environment, Perma-Fix Environmental Services, Inc. (PESI) stock has touched a 52-week low, reaching a price level of $6.96 USD. According to InvestingPro data, while the company maintains a healthy balance sheet with more cash than debt and a strong current ratio of 2.29, its financial health score indicates some concerns. This downturn reflects a significant retreat from more favorable positions in the past year, with the company’s stock experiencing a 1-year change that shows a decline of 37.54%. Investors are closely monitoring the stock’s performance, considering the broader implications of such a downturn within the environmental services sector and the potential for future recovery or further declines. Despite current challenges, analysts project 35% revenue growth for the upcoming fiscal year, though profitability remains a concern. Get deeper insights and access to 10 additional exclusive ProTips for PESI with an InvestingPro subscription.
In other recent news, Perma-Fix Environmental Services, Inc. disclosed its fourth quarter earnings, which fell below analyst expectations. The company reported a loss of $0.22 per share, missing the anticipated loss of $0.11 per share. Revenue for the quarter was $14.7 million, which was lower than the forecasted $17.7 million and down from $22.7 million in the previous year. Perma-Fix attributed the revenue decline to the completion of large projects at the end of 2023 and lower waste volumes in its Treatment Segment. Gross profit also decreased significantly to $594,000 from $4.3 million a year earlier. Despite these results, the company expressed optimism for 2025, citing potential growth opportunities and recent contract wins. Additionally, Perma-Fix highlighted advancements in its PFAS destruction technology and anticipated contributions from the U.S. Department of Energy’s Direct-Feed Low-Activity Waste program at Hanford. For the full year 2024, the company reported a net loss of $20 million on revenue of $59.1 million, compared to a net income of $485,000 on revenue of $89.7 million in 2023.
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