Wynnefield Capital, Inc. has recently announced that it has increased stake in Quest Resource Holding Corporation (NASDAQ:QRHC) by 0.39%. After grabbing 2.57 million shares, the institutional investor is now in possession of 10000.0 shares of the Industrials Company. The new investment brought the stake of investor firm to 13.01% having worth around $15.71 million. Moreover, Pinnacle Family Office Investment increased its share by 27520.0 to have a control over 2.51 million shares. And Punch & Associates Investment Man raised its holdings to 4600.0 shares by acquiring 0.38 million shares or 1.90% of the stake.
Quest Resource Holding Corporation (QRHC) concluded trading on 01/26/23 at a closing price of $6.54, with 88070.0 shares of worth about $0.58 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 60.69% during that period and on Thursday the price saw a gain of about 2.19%. Currently the company’s common shares owned by public are about 19.37M shares, out of which, 16.61M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 4 analysts are covering the QRHC stock and their offered price forecasts bring an average price target of $12.00. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $13.00 and could fall to a lowest price of $11.00. The stock’s current price level is 45.5% above of average price target set by the analysts, while a rise to estimated low would result in gain of 40.55% for the stock. However, touching the estimated high of $13.00 would mean a gain of 49.69% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 115 times over the past 12 months. They bought 776,192 shares in 92 of the transactions. In 23 selling transactions, insiders dumped 184,599 shares.
Vanguard Total Stock Market Index, Vanguard Extended Market Index Fu, and Perritt Micro Cap Opportunities F are the top 3 mutual funds which are holding stakes in Quest Resource Holding Corporation Vanguard Total Stock Market Index is currently holding 0.56 million shares of worth totaling $3.41 million. The company recently came buying 0.0 shares which brought its stake up to 2.83% of the company’s outstanding shares. Vanguard Extended Market Index Fu bought 254.0 shares, after which its hold over company’s outstanding shares expand to 1.04%, leaving 0.21 million shares with the mutual fund that have a worth of about $1.26 million. Perritt Micro Cap Opportunities F, after selling 0.15 million shares, have now control over 0.74% of the stake in the company. It holds 3411.0 shares of worth $0.9 million.
Quest Resource Holding Corporation (NASDAQ: QRHC) started trading at $6.4082, above $0.01 from concluding price of the previous day. However, the stock later moved at a day high price of 6.58, or with a gain of 2.19%. Stock saw a price change of 9.00% in past 5 days and over the past one month there was a price change of 6.86%. Year-to-date (YTD), QRHC shares are showing a performance of 7.04% which increased to 6.86% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $3.60 but also hit the highest price of $9.69 during that period. The average intraday trading volume for Quest Resource Holding Corporation shares is 80.86K. The stock is currently trading 10.59% above its 20-day simple moving average (SMA20), while that difference is up 1.27% for SMA50 and it goes to 7.26% higher than SMA200.
Wynnefield Capital, Inc. acquired 2.57 million shares of Quest Resource Holding Corporation having value of about $15.71 million. Data submitted at the U.S SEC by Wynnefield Capital, Inc. revealed that the firm now holds 10000.0 shares in the company valued at close to $65400.0, or have control over 0.39% stake in the company. Quest Resource Holding Corporation (NASDAQ: QRHC) currently have 19.37M outstanding shares and institutions hold larger chunk of about 43.70% of that. Holding of mutual funds in the company is about 69.24% while other institutional holders and individual stake holders have control over 8.08% and 35.54% of the stake respectively.
The stock has a current market capitalization of $126.22M and its 3Y-monthly beta is at 0.73. It has posted earnings per share of -$0.17 in the same period. It has Quick Ratio of 1.50 while making debt-to-equity ratio of 0.99. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for QRHC, volatility over the week remained 5.74% while standing at 5.59% over the month.
Analysts are in expectations that Quest Resource Holding Corporation (QRHC) stock would likely to be making an EPS of -$0.03 in the current quarter, while forecast for next quarter EPS is -$0.02 and it is $0.06 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.05 which is -$0.01 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.02 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 64.80% while it is estimated to increase by 94.40% in next year. EPS is likely to shrink at an annualized rate of 15.00% for next 5-years, compared to annual growth of 16.50% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Craig Hallum on February 14, 2022 offering a Buy rating for the stock and assigned a target price of $13 to it. Coverage by Rodman & Renshaw stated Quest Resource Holding Corporation (QRHC) stock as a Buy in their note to investors on March 06, 2017, suggesting a price target of $5 for the stock. On June 17, 2015, ROTH Capital Initiated their recommendations, while on December 23, 2014, Maxim Group Initiated their ratings for the stock with a price target of $1.80.
