Alert: Negative Investment/Fundamental Signals (12/1/23)-Quest Resource Holding Corp (NASDAQ: QRHC)


Quest Resource Holding Corp (NASDAQ: QRHC) has recently experienced meaningful negative changes in investment behavior: negative upside/downside volume developed.

Notable negative changes in fundamentals have recently occurred for Quest Resource Holding Corp (NASDAQ: QRHC): the consensus estimate for December, 2023 decreased significantly, significant quarterly earnings deceleration occurred, and the consensus estimate for December, 2024 decreased significantly.

In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.


Current PriceTarget Research Rating

With future capital returns forecasted to be above the cost of capital, QRHC is expected to be a modest Value Builder.

Quest Resource Holding has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Quest Resource Holding has a poor Appreciation Score of 29 but a good Power Rating of 85, with the Neutral Value Trend Rating the result.

Recent Price Action

On 12/1/23, Quest Resource Holding Corp (NASDAQ: QRHC) stock increased 1.3%, closing at $7.17. However, trading volume in this advance was unusually low at 60% of normal. The stock has declined -1.0% during the last week but has been exceptionally strong relative to the market over the last nine months.

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