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Ben Naccarato, the Chief Financial Officer of Perma-Fix Environmental Services Inc. (NASDAQ:PESI), recently purchased 400 shares of the company’s common stock. The transaction, which took place on March 21, 2025, was executed at a price of $7.00 per share, amounting to a total investment of $2,800. The purchase comes as the stock trades near its 52-week low of $6.91, having declined 40% over the past six months. Following this acquisition, Naccarato’s direct ownership in the company has increased to 48,811 shares. This purchase reflects a continued commitment to Perma-Fix, a company specializing in hazardous waste management. While the company maintains a strong balance sheet with more cash than debt and a healthy current ratio of 2.29, analysts have set an ambitious target price of $18 per share. InvestingPro analysis reveals 12 additional key insights about PESI’s financial health and market position, available exclusively to subscribers.
In other recent news, Perma-Fix Environmental Services, Inc. reported fourth-quarter earnings that did not meet analyst expectations. The company posted a loss of $0.22 per share, which was wider than the anticipated loss of $0.11 per share. Revenue for the quarter was $14.7 million, falling short of the consensus forecast of $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 large projects at the end of 2023 and lower waste volume in its Treatment Segment. Despite these results, Perma-Fix shares rose 1.7% after the earnings release. The company expressed optimism for 2025, citing the U.S. Department of Energy’s Direct-Feed Low-Activity Waste program at Hanford and advancements in PFAS destruction technology as future growth drivers. For the full year 2024, Perma-Fix 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. The company remains confident in its long-term outlook, anticipating a return to growth and profitability in 2025.
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