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Quest Resource Holding Corporation (QRHC): The stock short term indicators say Buy today

How have the shares performed?

Quest Resource Holding Corporation (QRHC) saw an uptrend of 7.31% in the recent trading with $6.31 being its most recent. The current price level 4.42% lower than the highest price of $6.04 marked by the stock while trading over the past 52-weeks, whereas it is 404.80% higher than the lowest price of $1.25 the company dropped to over past 52-weeks. The latest news story on QRHC appeared in Zacks under the title “Envirotech Adoption Picks Up Pace: 5 Stock Choices” on Jun-14-21.

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Squeezing the time span to 30 day period shows us the stock is currently trading -4.10% below one month high and is +96.57% above of the lowest during that time. Looking into the simple moving average, Quest Resource Holding Corporation (QRHC)’s stock stands at a SMA-50 of $4.25 while that of 5-day is reading $5.84.

Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and QRHC’s SMA-200 as of now is $2.89.

Quest Resource Holding Corporation Earnings – What Happened With QRHC

Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. During the reported three-month period, company’s sales were $35.1 billion while analysts on average were estimating the same to be $29.61 million.

QRHC – Quest Resource Holding Corporation Stock Earnings Estimates

The perspective of Quest Resource Holding Corporation (NASDAQ:QRHC)’s current quarter earnings identifies that analysts are in consensus over the estimate of 0 for stock’s EPS in the current quarter. 2 analysts covering the stock at Wall Street were agreed upon that EPS consensus. Company’s EPS for the last quarter was 0.06.

Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 18.50 million. QRHC does have institutional investors; and they hold 46.50% of the stock.

Quest Resource Holding Corporation – Insider Activity and Holdings

Moreover, the latest SEC filings also revealed that stock came across 18 new insider purchases involving 173,894 shares. On the other hand, QRHC declared 72,584 shares have been sold in 5 insider transactions over the past three months.

As on Mar 30, 2021, Federated Hermes, Inc. was the top most holder in Quest Resource Holding Corporation (NASDAQ:QRHC) with an ownership of 2.51 million shares of the company or 13.39% of the stake worth $9.78 million. The filing also reveals Wynnefield Capital Management LLC as the second largest holder in the company with a control over 9.77% of the outstanding shares. Its stake is worth $7.13 million for having 1.83 million shares in hand.

Renaissance Technologies, LLC also came holding a key position in the company during the recent quarter and it now holds 2.20% of the outstanding shares. With this there are now 33 institutions which have possession in QRHC’s shares.

The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, current ratio recorded by Quest Resource Holding Corporation was 1.51 while posting a debt to equity ratio of 0.21. The count was 22.77 for long-term debt to equity ratio.

Quest Resource Holding Corporation’s return on equity, or ROE, is 3.30%, compared to the industry average of 6.26% for Industrials – Waste Management. Although this indicates that QRHC fails to use its equity well, the metric will vary significantly depending on the industry.

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Technical Analysis of Quest Resource Holding Corporation (NASDAQ:QRHC) stock

To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Quest Resource Holding Corporation (QRHC), we notice that the stock’s 20-day average volume is at 188,590 shares and 100% of short term indicators are suggesting the stock as Buy. Medium term indicators at an average of 100% are spotting the stock at Buy with its 50-day average volume of 110,128 shares. And to end, QRHC’s 100-day average volume is 102,000 shares with 100% of the long-term indicators pointing towards Buy for the stock.

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