Quest Resource Holding Corporation operates as a national provider of environmental waste and recycling services aimed at large, multi-location businesses. The company follows an asset-light, managed-services approach, creating tailored programs for collecting, processing, recycling, disposing of, and tracking various waste streams such as cardboard, metals, used motor oil, scrap tires, food waste, cooking oil, plastics, and regulated materials.
Based in The Colony, Texas, Quest works with clients across automotive after-market operators, industrial and manufacturing sites, big-box and grocery retailers, restaurant chains, logistics and fleet operators, property managers, healthcare providers, and construction firms. I follow QRHC for its efforts to diversify beyond softer industrial volumes, its focus on margin recovery and debt reduction, and progress in turning a pipeline of large national accounts into actual revenue.
Over the last 30 days, QRHC advanced approximately 22%, rising from a closing price of about $1.15 on October 16, 2026 to $1.40 on November 13, 2026. The path was uneven, with the stock drifting lower through late October, touching a low near $1.00 in early November, then rebounding sharply, including a roughly 16.7% single-day gain on November 13.
The broader quarter proved more volatile. After a post-earnings move toward $1.60 in mid-August, shares gave back those gains through September, sold off again in October, and bottomed near $1.00 in early November before the recent recovery. Net of the swings, the stock sits essentially flat to modestly lower versus its early-quarter levels, even as short-term momentum has improved. I also checked this using Tickeron’s AI Screener to see how the stock compares to others in the industry.
The main catalyst for the rebound was the third-quarter 2026 earnings release on November 5. Quest reported revenue of $63.8 million, up 0.7% year over year but below consensus, while GAAP earnings per share of -$0.02 came in ahead of the -$0.03 expected. More importantly, gross margin expanded 150 basis points sequentially to 17.8%, and Adjusted EBITDA rose 16.8% year over year to $3.4 million, pointing to better operating leverage.
Management commentary supported the positive tone, noting that several large, late-stage national-brand opportunities were near conversion and that fourth-quarter gross profit and margin should rise solidly year over year. The stock also entered the period from a deeply oversold base near $1.00, which made shares sensitive to any improvement in fundamentals or sentiment.
The quarterly trend reflects a balance between a credible margin-recovery story and ongoing top-line and balance-sheet challenges. Mid-August strength followed second-quarter results that showed 7.6% revenue growth and strong operating cash flow, but that report also included an $11.0 million non-cash goodwill impairment tied to the decline in the company's market capitalization.
Through September and October, soft industrial customer volumes, a light third-quarter share-of-wallet win count, elevated diesel costs, and concerns about cash levels (about $0.9 million) relative to roughly $60.6 million in notes payable weighed on sentiment. The early-November low near $1.00 marked the trough, after which improved margin performance and management's pipeline commentary helped the stock recover into mid-November.
Investors will be watching several factors in the months ahead. The conversion of the late-stage national-brand pipeline into announced wins remains central to the growth narrative, as does progress on share-of-wallet expansion with existing customers. Fourth-quarter guidance calls for a sequential revenue and gross profit decline due to seasonality, alongside solid year-over-year gross profit and margin growth, so the company's ability to meet those targets will be closely tracked.
Debt reduction and cash-cycle improvement stay key priorities, with management reiterating a near-term DSO target in the mid-60s. Macro risks, including industrial volume trends, diesel costs, and broader economic conditions, could also influence results. Two analysts following the stock currently rate it a Strong Buy with a 12-month average price target of $3.25, reflecting expectations for a recovery, though the shares remain a micro-cap with elevated volatility and financial leverage.
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QRHC saw its Momentum Indicator move above the 0 level on November 12, 2026. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 110 similar instances where the indicator turned positive. In 86 of the 110 cases, the stock moved higher in the following days. The odds of a move higher are at 78%.
The Moving Average Convergence Divergence (MACD) for QRHC just turned positive on November 09, 2026. Looking at past instances where QRHC's MACD turned positive, the stock continued to rise in 37 of 49 cases over the following month. The odds of a continued upward trend are 76%.
QRHC moved above its 50-day moving average on November 13, 2026 date and that indicates a change from a downward trend to an upward trend.
Following a +21.74% 3-day Advance, the price is estimated to grow further. Considering data from situations where QRHC advanced for three days, in 148 of 229 cases, the price rose further within the following month. The odds of a continued upward trend are 65%.
The RSI Oscillator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.
The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where QRHC declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 81%.
QRHC broke above its upper Bollinger Band on November 13, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for QRHC entered a downward trend on November 12, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The Tickeron Valuation Rating of 25 (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.882) is normal, around the industry mean (47.597). P/E Ratio (-1.366) is within average values for comparable stocks, (56.657). Projected Growth (PEG Ratio) (0.706) is also within normal values, averaging (1.132). Dividend Yield (0.000) settles around the average of (0.016) among similar stocks. P/S Ratio (0.118) is also within normal values, averaging (72.867).
The Tickeron PE Growth Rating for this company is 26 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is 43 (best 1 - 100 worst), indicating steady price growth. QRHC’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Seasonality Score of 50 (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron SMR rating for this company is 98 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. QRHC’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 77, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a provider of recycling and resource management services
Industry EnvironmentalServices