S&P 500 slips, but losses kept in check as Nvidia climbs ahead of results
Audrey Dunning, a director at Quest Resource Holding Corp (NASDAQ:QRHC), recently acquired 2,500 shares of the company’s common stock. The purchase, executed on March 18, 2025, was made at a price of $3.04 per share, amounting to a total transaction value of $7,600. This insider purchase comes as the stock trades significantly below its 52-week high of $10.85, with InvestingPro analysis indicating the stock is currently undervalued. Following this acquisition, Dunning now directly owns 18,076 shares of Quest Resource Holding Corp. This transaction reflects Dunning’s ongoing involvement and investment in the company, which operates within the refuse systems industry. While the company faces some challenges with its current debt burden, analysts expect net income growth this year, with an EPS forecast of $0.23 for FY2025. InvestingPro offers 18 additional investment tips and a comprehensive analysis through its Pro Research Report, helping investors make informed decisions about QRHC’s potential.
In other recent news, Quest Resource Holdings reported its fourth-quarter 2024 financial results, which showed a significant miss on both earnings per share (EPS) and revenue estimates. The company posted an EPS of -$0.09, compared to the anticipated $0.03, and revenue of $69.98 million, falling short of the forecasted $73.63 million. Despite a slight year-over-year revenue increase of 1%, gross profit dollars decreased by 6.7% to $10.7 million. Quest Resource is implementing cost-saving measures, including a 15% workforce reduction, expected to save $3 million annually. Additionally, the company has introduced new systems to improve operational efficiency. Analysts from firms like Roth Capital and Northland Capital Markets have been closely monitoring these developments, with some expressing optimism about future operational improvements. The company has also announced a refinancing deal that reduces its interest expense by approximately $1 million annually. Quest Resource remains optimistic about growth prospects in 2025, driven by operational improvements and debt repayment strategies.
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