Arq, Inc. CTO Joseph M. Wong Sells Shares

On March 24th, Joseph M. Wong, the Chief Technology Officer of Arq, Inc. (NASDAQ:ARQ), conducted a sale of 6,596 shares of the company’s stock. The shares were sold for an average price of $4.68 each, resulting in a total transaction value of $30,869.28. After the sale, Wong retains ownership of 354,790 shares, which have an estimated value of around $1,660,417.20. This transaction reflects a slight reduction in Wong's ownership stake, with a decrease of 1.83% in his overall holdings. Details of the transaction have been officially filed with the Securities and Exchange Commission (SEC) and can be reviewed through their website.

ARQ Stock Performance

On the trading day following Wong's transaction, ARQ shares experienced a decline of $0.09, bringing the stock price down to $4.54. During this trading session, a total of 262,974 shares were traded, slightly below the average volume of 268,717 shares for the company. Over the past year, ARQ has reached a low of $4.01 and a high of $8.26. The current market capitalization of Arq, Inc. stands at $190.74 million, with a price-to-earnings (P/E) ratio of -454.00. Additionally, the company has a beta of 1.47, indicating relatively higher volatility compared to the market. In terms of liquidity, ARQ has a quick ratio of 2.28, a current ratio of 2.89, and a low debt-to-equity ratio of 0.08. The 50-day moving average is recorded at $5.67, while the 200-day moving average is $6.19.

Recent Earnings Reports

On March 5th, Arq, Inc. disclosed its latest quarterly earnings data. The report indicated earnings per share (EPS) of ($0.03), matching analysts’ expectations for that quarter. The company reported total revenues of $27.04 million, which fell short of the forecasted $28.34 million. The quarter was characterized by a negative net margin of 0.44% and a return on equity (ROE) of -0.25%. For the previous year, the company recorded a positive EPS of $0.14. Looking ahead, analysts project that Arq, Inc. is expected to post an EPS of -0.13 for the current fiscal year.

Institutional Ownership Trends

Recently, several institutional investors have adjusted their holdings in ARQ. Firsthand Capital Management Inc. acquired a new position in ARQ during the third quarter, roughly valued at $40,000. In the fourth quarter, Avanza Fonder AB made a new investment in ARQ worth approximately $68,000, while Price T Rowe Associates Inc. MD purchased shares valued around $79,000. Intech Investment Management LLC also took a new position in ARQ valued at $89,000. Lastly, SG Americas Securities LLC entered the fourth quarter with a new investment of $95,000 in the company. Overall, institutional investors and hedge funds currently own 18.49% of Arq, Inc.'s stock.

Analyst Reviews

In a recent report, Canaccord Genuity Group downgraded their price target for ARQ from $10.00 to $9.00, while maintaining a “buy” rating on the stock.

Company Overview

Arq, Inc. operates as a holding company and specializes in providing environmental and emissions control equipment tailored for the power generation industry. It functions through two main segments: Refined Coal and Advanced Purification Technologies. The Refined Coal segment encompasses various operations, including the Tinuum Group and Tinuum Services.

Considerations for Investors

Investors should weigh their options carefully before investing in ARQ. Market analysts continue to track top-performing stocks and have identified five alternative options that may present better buying opportunities. While ARQ maintains a 'Buy' rating, it is advisable for potential investors to stay informed about competing stocks.

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