QRHC Stock Summary and Trading Ideas (Quest Resource Holding | NASDAQ:QRHC)

Quest Resource Holding Corp is a national provider of waste and recycling services to customers from across multiple industry sectors that are typically larger, multi-location businesses. The company creates customer-specific programs and perform the related services for the collection, processing, recycling, disposal, and tracking of waste streams and recyclables. The company's services focus on the waste streams and recyclables from box, grocers, and other specialty retailers; automotive after-market operations such as automotive maintenance, quick lube, dealerships, and collision repair; transportation, logistics, and fleet operators; manufacturing and industrial facilities; multi-family and commercial properties; restaurant chains and food operations.

Quest Resource Holding trades on the NASDAQ stock market under the symbol QRHC.

As of May 22, 2024, QRHC stock price declined to $9.26 with 54,296 million shares trading.

QRHC has a beta of 0.81, meaning it tends to be less sensitive to market movements. QRHC has a correlation of 0.07 to the broad based SPY ETF.

QRHC has a market cap of $187.33 million. This is considered a Micro Cap stock.

Last quarter Quest Resource Holding reported $73 million in Revenue and $.08 earnings per share. This beat revenue expectation by $51,000 and exceeded earnings estimates by $.08.

In the last 3 years, QRHC stock traded as high as $10.85 and as low as $3.60.

The top ETF exchange traded funds that QRHC belongs to (by Net Assets): VTI, VXF, DFAT, IWC, DFAS.

QRHC has outperformed the market in the last year with a return of +70.8%, while the SPY ETF gained +28.2%. In the last 3 month period, QRHC beat the market returning +32.3%, while SPY returned +6.9%. However, in the most recent 2 weeks QRHC has underperformed the stock market by returning -12.6%, while SPY returned +2.5%.

QRHC support price is $9.06 and resistance is $9.66 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that QRHC stock will trade within this expected range on the day.