S&P 500 slips, but losses kept in check as Nvidia climbs ahead of results
In a challenging market environment, Quest Resource (NASDAQ:QRHC) Holding Corporation (QRHC) stock has reached its 52-week low, trading at $2.59. According to InvestingPro data, the company’s current market capitalization stands at $52 million, with analysts setting price targets between $6.50 and $7.00. This price level reflects a significant downturn from the company’s performance over the past year, with QRHC experiencing a steep 1-year change of -69.43%. While the company maintains a current ratio of 1.69, indicating sufficient liquid assets to meet short-term obligations, InvestingPro analysis reveals multiple challenges, including significant debt burden and cash burn concerns. Investors are closely monitoring the stock as it navigates through the prevailing economic headwinds that have pressured the company’s valuation to this low point. The 52-week low serves as a critical indicator for both the company’s recent struggles and the potential for future recovery as market conditions evolve. Despite current challenges, InvestingPro analysis indicates the company is undervalued, with analysts forecasting a return to profitability this year. Unlock 15+ additional ProTips and comprehensive analysis with an InvestingPro subscription.
In other recent news, Quest Resource Holdings reported its fourth-quarter 2024 financial results, revealing a shortfall in both earnings per share (EPS) and revenue compared to expectations. The company posted an EPS of -$0.09, significantly missing the anticipated $0.03, while revenue reached $69.98 million, falling short of the forecasted $73.63 million. Despite these setbacks, Quest Resource is implementing cost-saving measures, including a 15% workforce reduction, expected to save $3 million annually. The company remains optimistic about growth in 2025, with plans to improve operational efficiency and focus on debt repayment strategies. Analysts noted the company’s efforts to enhance its vendor management system, which is expected to result in future cost savings. Additionally, Quest Resource is undergoing a leadership change, with Perry Moss stepping in as the new CEO. The company is also in the process of selling non-core business segments, which is anticipated to streamline operations.
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