Perma-Fix Environmental Services, Inc (NASDAQ: PESI)’s stock price has dropped by -7.38 in relation to previous closing price of 11.38. Nevertheless, the company has seen a loss of -9.76% in its stock price over the last five trading days. globenewswire.com reported 2024-12-18 that ATLANTA, Dec. 18, 2024 (GLOBE NEWSWIRE) — Perma-Fix Environmental Services, Inc. (Nasdaq: PESI) (“Perma-Fix” or the “Company”), today announced the pricing of its previously announced underwritten public offering of 2,200,000 shares of its common stock at a price to the public of $10.00 per share. Perma-Fix expects the gross proceeds from the offering to be approximately $22 million before deducting the underwriting discount and other estimated offering expenses. In connection with the offering, Perma-Fix has granted the underwriter a 30-day option to purchase up to 330,000 additional shares of its common stock at the public offering price, less the underwriting discount. The offering is expected to close on or about December 19, 2024, subject to the satisfaction of customary closing conditions.
Is It Worth Investing in Perma-Fix Environmental Services, Inc (NASDAQ: PESI) Right Now?
Company’s 36-month beta value is 0.44.Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for PESI is 12.74M, and currently, short sellers hold a 8.22% ratio of that floaft. The average trading volume of PESI on December 20, 2024 was 141.07K shares.
PESI’s Market Performance
PESI’s stock has seen a -9.76% decrease for the week, with a -24.88% drop in the past month and a -10.98% fall in the past quarter. The volatility ratio for the week is 8.03%, and the volatility levels for the past 30 days are at 6.69% for Perma-Fix Environmental Services, Inc The simple moving average for the past 20 days is -16.51% for PESI’s stock, with a -8.74% simple moving average for the past 200 days.
Analysts’ Opinion of PESI
Many brokerage firms have already submitted their reports for PESI stocks, with Craig Hallum repeating the rating for PESI by listing it as a “Buy.” The predicted price for PESI in the upcoming period, according to Craig Hallum is $18 based on the research report published on June 03, 2024 of the current year 2024.
Wedbush, on the other hand, stated in their research note that they expect to see PESI reach a price target of $2.50, previously predicting the price at $1.50. The rating they have provided for PESI stocks is “Outperform” according to the report published on July 18th, 2011.
Wedbush gave a rating of “Neutral” to PESI, setting the target price at $2 in the report published on November 05th of the previous year.
PESI Trading at -22.29% from the 50-Day Moving Average
After a stumble in the market that brought PESI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -35.14% of loss for the given period.
Volatility was left at 6.69%, however, over the last 30 days, the volatility rate increased by 8.03%, as shares sank -26.96% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -20.93% lower at present.
During the last 5 trading sessions, PESI fell by -9.76%, which changed the moving average for the period of 200-days by +18.16% in comparison to the 20-day moving average, which settled at $12.63. In addition, Perma-Fix Environmental Services, Inc saw 34.10% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PESI starting from Duff Mark, who purchase 1,250 shares at the price of $10.23 back on Sep 03 ’24. After this action, Duff Mark now owns 112,202 shares of Perma-Fix Environmental Services, Inc, valued at $12,792 using the latest closing price.
Duff Mark, the President and CEO of Perma-Fix Environmental Services, Inc, purchase 850 shares at $9.93 during a trade that took place back on Sep 04 ’24, which means that Duff Mark is holding 113,052 shares at $8,438 based on the most recent closing price.
Stock Fundamentals for PESI
Current profitability levels for the company are sitting at:
- -0.18 for the present operating margin
- 0.05 for the gross margin
The net margin for Perma-Fix Environmental Services, Inc stands at -0.24. The total capital return value is set at -0.22. Equity return is now at value -38.37, with -19.76 for asset returns.
Based on Perma-Fix Environmental Services, Inc (PESI), the company’s capital structure generated 0.07 points at debt to capital in total, while cash flow to debt ratio is standing at -1.72. The debt to equity ratio resting at 0.07. The interest coverage ratio of the stock is -22.27.
Currently, EBITDA for the company is 3.92 million with net debt to EBITDA at 0.57. When we switch over and look at the enterprise to sales, we see a ratio of 2.41. The receivables turnover for the company is 4.19for trailing twelve months and the total asset turnover is 0.86. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.42.
Conclusion
In a nutshell, Perma-Fix Environmental Services, Inc (PESI) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
