Stock Price Prediction

PESI stock recently priced a public offering at $10 per share, causing an 8.1% decline in premarket trading. The bull’s view hinges on the company’s use of the $22 million raised to advance its Perma-FAS process for PFAS destruction, which could drive long-term growth. With shares trading near $10.73, bulls may see this as an opportunity if the R&D investments yield significant results.

PESI stock is bearish due to its recent public offering priced at $10, a 12% discount to its prior close, which caused an 8.1% premarket drop. The stock closed at $10.23 on January 31, slightly above the offering price, but weak RSI (38.95) and negative MACD (-0.37) indicate limited momentum. Resistance is at $11.29, and further downside is likely if it breaks below $9.94 support.

The market consensus for PESI's revenue in the upcoming quarter is projected to be approximately $17.5M USD.