Last Updated: 17 Sep 2024
Executive Summary
Hirequest Inc. (HQI) is a staffing solutions provider with a market capitalization of $205.66 million. The company has a strong financial position with an EBITDA of $12.788 million and a profit margin of 14.3%. However, it is facing headwinds in the form of declining quarterly revenue growth and a high trailing PE ratio of 34.98. The latest stock price of $14.18 is below the analyst target price of $18.
Company Overview
Hirequest Inc. provides temporary and on-demand staffing solutions in the United States. The company has a presence in various industries, including healthcare, information technology, and manufacturing. Hirequest Inc. has a network of over 1,000 staffing offices across the country.
Fundamental Analysis
Revenue: Hirequest Inc.'s revenue has been declining in recent quarters. In the latest quarter, the company reported revenue of $36.133 million, a decrease of 3.4% year-over-year.
Earnings: The company's earnings have also been declining. In the latest quarter, Hirequest Inc. reported earnings per share of $0.42, a decrease of 7% year-over-year.
Profitability: Hirequest Inc.'s profitability metrics have remained stable. The company's profit margin is 14.3%, and its operating margin is 31%.
Valuation: Hirequest Inc. is trading at a trailing PE ratio of 34.98, which is above the industry average. The company's forward PE ratio is 18.83.
Technical Analysis
Trend: Hirequest Inc.'s stock price has been trending down in recent months. The stock is currently trading below its 50-day and 200-day moving averages.
Support and Resistance: The stock has support at $13.34 and resistance at $17.08.
Momentum: The stock's momentum is negative. The relative strength index (RSI) is below 50.
Short Term Outlook
The short-term outlook for Hirequest Inc. is bearish. The stock is trading below its moving averages and has negative momentum. The company is also facing headwinds in the form of declining revenue growth.
Long Term Outlook
The long-term outlook for Hirequest Inc. is neutral. The company has a strong financial position and a presence in various industries. However, the company is facing competition from larger staffing firms.
Analyst Recommendations
Analysts have a mixed view on Hirequest Inc. One analyst has a Strong Buy rating, while another has a Buy rating. The average analyst target price is $18.
