Quest Resource Continues To Delay Improvements; The Stock Is Expensive.
Portfolio Pulse from
Quest Resource Holding Corp's Q3 2024 results show mixed performance with revenue up 3% YoY but gross profits down 5.7% due to billing and vendor issues. Despite new contracts, the stock is considered expensive with significant debt risks and no growth in revenue or profit over the past two years.
November 12, 2024 | 12:45 pm
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Quest Resource Holding Corp's Q3 2024 results show revenue growth but declining gross profits due to billing and vendor issues. The stock is considered expensive with significant debt risks and no growth in revenue or profit over the past two years.
The mixed results with revenue growth but declining gross profits, combined with high debt risks and lack of growth in revenue or profit, suggest a negative short-term impact on QRHC's stock price. The stock is also considered expensive, which may deter investors.
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IMPORTANCE 80
RELEVANCE 100