September looms as a risk month for stocks, Yardeni says
Jeremy Williamson, Chief Operating Officer of Arq, Inc. (NASDAQ:ARQ), recently sold 5,233 shares of the company’s common stock. The shares were sold at a price of $4.68 each, totaling approximately $24,490. This transaction was conducted to cover tax withholding obligations related to the vesting of restricted stock awards. The sale price was near the current trading level of $4.54, with the stock down 40% year-to-date. According to InvestingPro data, analysts maintain a bullish outlook with price targets ranging from $9 to $10.
In addition to the sale, Williamson acquired 28,069 shares of common stock as part of a restricted stock award under the company’s long-term incentive plan. These shares were granted at no cost and will vest in three equal annual installments starting on the first anniversary of the grant date.
The transactions leave Williamson with direct ownership of 138,699 shares of Arq, Inc. following the sale.
In other recent news, Arq Inc reported its fourth-quarter 2024 earnings, revealing a loss per share of $0.03, which was below analyst expectations by $0.01. The company’s revenue for the quarter was $27 million, falling short of the anticipated $28.33 million. Despite these setbacks, Arq achieved a full-year revenue of $109 million, representing a 10% increase year-over-year, and improved its gross margin to 36.2%. Additionally, the company maintained a strong cash position of $22.2 million. Arq’s strategic plans for 2025 include expanding its Granular Activated Carbon (GAC) Line Two in the latter half of the year, with expected capital expenditures ranging from $8 to $12 million. Analyst feedback from firms like ROTH Capital Partners (WA:CPAP) indicates a cautious but optimistic outlook, highlighting the company’s focus on operational efficiency and potential market expansion. The company is also exploring new opportunities in the asphalt industry to drive future growth.
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