Oil prices rise on talk of Russia sanctions; bouncing off recent lows
In a challenging year for Quest Resource (NASDAQ:QRHC) Holding Corporation (QRHC), the stock has touched a 52-week low, trading at $2.28. According to InvestingPro data, the company faces significant headwinds with a concerning debt-to-equity ratio of 1.46 and negative free cash flow yield. This price level reflects a significant downturn for the company, which has seen its stock value plummet by -74.15% over the past year. Investors have been cautious as the company navigates through a period marked by volatility and adverse market conditions, leading to a stark contrast from its 52-week high of $10.85. The steep annual decline has placed QRHC under scrutiny as market participants assess the company’s performance and future prospects. Despite current challenges, InvestingPro analysis indicates the company appears undervalued, with analysts maintaining a consensus buy recommendation and projecting profitability this year. Subscribers can access 15 additional ProTips and comprehensive financial analysis in the Pro Research Report.
In other recent news, Quest Resource Holding Corporation reported its fourth-quarter 2024 financial results, missing both earnings per share (EPS) and revenue estimates. The company posted an EPS of -$0.09, significantly below the expected $0.03, and revenue of $69.98 million, falling short of the forecasted $73.63 million. Quest Resource has taken steps to improve its financial performance, including a 15% workforce reduction aimed at saving $3 million annually and implementing new systems to enhance operational efficiency. Additionally, Quest Resource has completed the sale of its non-core RWS business line to Lincoln Waste Solutions for approximately $5 million, with potential performance-based payments. This strategic divestiture is intended to allow Quest to focus on its core business and reduce debt. The company’s management remains optimistic about growth prospects in 2025, driven by increased operational efficiency and debt repayment strategies. Meanwhile, Quest Resource has been actively refining its business processes, including the rollout of a new vendor management system, which is expected to yield cost savings. The company continues to emphasize its commitment to improving operational performance and achieving consistent financial results.
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