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Perma-Pipe International Holdings Inc. (PPIH) — RQD Stock Rating Cockpit

$29.97 +1.11% NASDAQ • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $29.97

Perma-Pipe International Holdings Inc. (PPIH) carries a Roarable Rating of D (Sell) with 51/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

📊 Historical Track Record: Scores of 51/100 (D) historically posted market-perform odds over rolling 90-day windows (-1.3% avg 90D alpha vs SPY) →

ROARABLE D • SELL / AVOID Cap $245.6M

📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card

INTERACTIVE SCENARIO DECK:

🛡️ Portfolio Crash X-Ray

EXT / AFTER-HRS: $29.97 (+0.01%)🧬 Disciplined Float (+0.52% YoY Shares)⚙️ Cash Engine: 10/20 (D) • 0% FCF Margin

Verify 90D Bucket Audit →

📊 Historical Track Record: Scores of 51/100 (D) historically posted market-perform odds over rolling 90-day windows (-1.3% avg 90D alpha vs SPY • 49.7% hit rate — wait for RQD ≥ 70 breakout).

Audit Bucket Track Record →

RQD QUANT TACHOMETERSELL / AVOID • D

2-of-3 JEV AI Jury Bearish Warning

Cash

SEC

Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw D · Rk D+

Each axis scored 0–20

12M PRICE TARGET CONE-3.1% Base Target

WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for PPIH)Realized 20D OHLCV Swing Band: ±7.5%

Deterministic 5-Pillar Attribution (51/100 Composite)

🔍 WHY PPIH SCORES 51/100 (D) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag

▲ #1 Bullish Driver: SEC 10-K Forensic Risk+13/20 pts (25% of score)

Altman Z-Score 3.80 (FORTRESS SAFE (>3.0)) • Piotroski F-Score 6/9

▲ #2 Bullish Driver: Cash Engine Quality+10/20 pts (20% of score)

SEC XBRL FY 2025 (10-K): 0% FCF Margin ($0 FCF) & 32.9% Gross Margin

▼ #1 Drag / Risk Factor: Whale & Options Positioning8/20 pts (-12 pt drag)

Put hedging (50% put share) caps near-term gamma upside (-12 pts vs max)

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current

Q1 (-3Q)

Grade C$31.32-10.9% Next Q

Q2 (-2Q)

Grade C$27.91+2.6% Next Q

Q3 (-1Q)

Grade C-$28.63+4.7% Next Q

Current

Grade D$29.97-1.3% Hist 90D α

Trajectory: C (59) → D (51)Full Audit →

⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)CONTRARIAN TURNAROUND & SHORT-SQUEEZE DOSSIER

⚔️ Adversarial Opposing Case: What Could Spark a PPIH Turnaround Squeeze

Gideon Ashmere Forensic Desk →

While PPIH currently carries a cautious 51/100 (D) rating due to Whale & Options Positioning (8/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.

🚀 Contrarian Squeeze Trigger #1

Established market leader in Industrials with deep daily trading liquidity.

🚀 Contrarian Squeeze Trigger #2

Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($29.59) and Max Pain ($31.47) forces dealer call-delta covering toward $38.56.

🚀 Contrarian Squeeze Trigger #3

Forensic Repair Trigger: Halting share dilution (Disciplined Float (+0.52% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.

🎲 LIVE PREDICTION MARKET ODDS TIED TO $PPIH• $2.4M Crowd Pool • Kalshi / Polymarket Composite

Contract: “PPIH Beats Next Quarter EPS Consensus (Jan 30, 2027) & Holds Above 200D SMA”

YES 51%NO 49%Trade / Inspect Odds →

RSI-14 MOMENTUMNEUTRAL RANGE

4730 Oversold · 70 Hot

ALTMAN-Z SHIELDFORTRESS SAFE (>3.0)

3.80>3.0 Fortress Safe

PIOTROSKI F-SCORESOLID CORE (5–6)

6 / 99-Pt Accounting

52-WEEK LASER RANGE51% OF RANGE

L: $23$29.97H: $37

1. Money & Cash Health● WEAK

Are profits real cash in the bank?

Weak cash conversion or heavy valuation strain compared to actual cash earned.

Factor Grade: DRQD 10 / 20

2. Big Money & Insiders● TRIMMING

Are whales & executives buying or selling?

Insiders and big institutional desks have been trimming shares rather than stepping up to buy.

Factor Grade: DRQD 18 / 40

3. Hidden Risks & Market Weather● WATCH

SEC fine-print scan & interest-rate fit

No major SEC filing blowups, though current interest rates and Fed liquidity call for normal position sizing.

Factor Grade: D+RQD 23 / 40

MULTI-MODEL JEV QUANT JURY DELIBERATION

2-of-3 JEV AI Jury Bearish Warning on PPIH

Cash & Moat Bull AI

ROIC & Free Cash Flow Model

BEARISH (50)

27.5% ROIC with 32.9% gross margin and -0.52% FCF yield.

SEC Forensic Auditor AI

10-K Accruals & Altman-Z Guard

NEUTRAL (65)

Altman-Z 4.20 and Piotroski 6/9 pass balance-sheet audit.

Whale & Macro Hawk AI

Options Skew, 13F & Fed NetLiq

BEARISH (47)

18/40 institutional & smart-money positioning score with 10/20 macro alignment.

Bull Case: Why Buyers Like PPIH

✓Established market leader in Industrials with deep daily trading liquidity.

Bear Case: What Could Go Wrong

!Company executives have done more routine share selling than personal cash buying lately.
!Sensitive to high interest rates and tighter Federal Reserve market liquidity.

ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring PPIH)

✓Walkthrough of PPIH's RQD Radar, SEC cash-conversion gap & downside invalidation levels
✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks

RQD INSIDER CLUB WAITLIST$49/YR PLANNED

Want Custom AI PineScript / Python Indicators & Priority Rating-Change Alerts?

Join Founding VIP Waitlist (No Card Required) →$100K Arena

PPIH // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -8.43%📐 WEDGE COMPRESSION COIL

2026-10-30O $29.39H $29.97L $28.80C $29.97VOL 85.1K

RES: $32.22SUP: $27.99SMA50: $29.59SMA200: $29.54

PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

PPIH Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 PPIH Butterfly Map → + Track PPIH →

Share Count & Dilution Monitor (#25)

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle (#30)

6.3%/yr Implied 5Y Growth

vs. +6.0% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger (#33)

No active Ellis Vennor swing setup published on PPIH today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for PPIH. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video

🎬 No recent verified company-specific video clip queued for PPIH today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (PPIH)

Industrials Rank #288 of 485 ⚔️ FTEK vs PPIH Full Matrix →

1. Head-to-Head Industrials Peer Comparison (PPIH vs. FTEK, DCI, MAIR, SERV)

Industry: Pollution Control Equipment (4 Tracked Issuers)

Across 485 tracked Industrials securities in the Roarable RQD universe, Perma-Pipe International Holdings Inc. (PPIH) ranks #288 by composite RQD confidence (51/100, grade D) and #342 by equity capitalization ($245.6M). Within this direct 5-issuer industry benchmark cohort, PPIH leads on earnings valuation at 14.4x trailing P/E, while PPIH leads on capital efficiency and profitability with 27.5% ROIC and 32.9% gross margin. DCI currently holds the highest overall quantitative score in the immediate peer group at 58/100 (D+) compared with PPIH at 51/100 (D).

Ticker / Company	Roarable Grade	RQD Score	Trailing P/E	Gross Margin	ROIC	1D Change	Market Cap	Head-to-Head
PPIH ACTIVE Perma-Pipe International Holdings Inc.	D	51/100	14.4x	32.9%	27.5%	+1.11%	$245.6M	Benchmark Subject
FTEK Fuel Tech Inc.	D	47/100	—	46.4%	-10.4%	-5.13%	$46.2M	/ftek-vs-ppih →
DCI Donaldson Company Inc.	D+	58/100	26.9x	34.8%	19.5%	+0.27%	$9.89B	/dci-vs-ppih →
MAIR Madison Air Solutions Corporation	D	49/100	32.8x	—	13.6%	+2.85%	$12.32B	/mair-vs-ppih →
SERV Serve Robotics Inc.	E	33/100	—	-30.0%	-35.0%	-5.96%	$246.2M	/serv-vs-ppih →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2026-01-31 • CIK 0000914122

In its most recent audited fiscal period (FY2025, filed 2026-01-31), Perma-Pipe International Holdings Inc. (PPIH) reported GAAP revenue of $210.9M (+33.2% vs. FY2024 revenue of $158.4M ) , GAAP net income of $17.0M, operating cash flow of $9.2M, and free cash flow of -$1.3M (-111.5% YoY). On the balance sheet, PPIH closed FY2025 with $217.5M in total assets against $12.7M in total debt (Altman Z-Score: N/A, Piotroski F-Score: 6/9).

Fiscal Period	Filing Date	Revenue	Net Income	Operating Cash Flow	Free Cash Flow	Total Assets	Total Debt
FY2025 (FY)	2026-01-31	$210.9M	$17.0M	$9.2M	-$1.3M	$217.5M	$12.7M
FY2024 (FY)	2025-01-31	$158.4M	$9.0M	$13.9M	$11.1M	$165.2M	$3.7M
FY2023 (FY)	2024-01-31	$0	$10.5M	$14.7M	$14.7M	—	—

3. PPIH Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is PPIH stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

As of 2026-11-01, Perma-Pipe International Holdings Inc. (NASDAQ: PPIH) is rated D (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 51/100 at a spot price of $29.97 (+1.11% 1D, market cap $245.6M). Pillar breakdown: Fundamental Cash Engine 10/20, Institutional 13F & Options Flow 8/20, Executive Insider Alignment 13/20, FRED Macro Regime Fit 10/20, and SEC Balance-Sheet Forensics 10/20. Across 485 tracked Industrials issuers, PPIH ranks #288 in composite RQD confidence.

How does PPIH compare to FTEK and DCI in the Industrials sector?

Within the Industrials sector (Pollution Control Equipment), PPIH carries a Roarable D (51/100 RQD), trailing P/E of 14.4x, gross margin of 32.9%, and ROIC of 27.5%. By comparison, FTEK (Fuel Tech Inc.) holds a D grade (47/100 RQD, P/E N/A, ROIC -10.4%, cap $46.2M) and DCI (Donaldson Company Inc.) posts a D+ grade (58/100 RQD, P/E 26.9x, ROIC 19.5%, cap $9.89B). Among the 5-stock peer group, PPIH leads on earnings multiple (14.4x) while PPIH leads on capital efficiency (27.5% ROIC).

What are the biggest fundamental strengths and SEC risk factors for PPIH?

Per PPIH's SEC EDGAR XBRL 10-K filing (FY2025, filed 2026-01-31, CIK 0000914122), Perma-Pipe International Holdings Inc. generated $210.9M in revenue (+33.2% YoY), $17.0M in net income, and -$1.3M in free cash flow against $217.5M in total assets and $12.7M in total debt. Key quantitative strengths: Established market leader in Industrials with deep daily trading liquidity.. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately.. Institutional options positioning shows a 50% call / 50% put premium split.

Where is PPIH trading relative to its 50-day, 200-day, and 52-week technical levels?

PPIH last traded at $29.97 (+1.11% on volume of 69,290 shares), positioning the stock +1.28% above its 50-day simple moving average ($29.59) and +1.46% above its 200-day simple moving average ($29.54). Across its 52-week range of $23.01 to $36.72, PPIH sits at the 50.8% percentile with a 14-day RSI of 47.0 (NEUTRAL RANGE) and an implied next-earnings move of ±7.5% ($27.72 to $32.22).

PPIH Investor FAQ & Complete 8-Part Research Index

100% OPEN ACCESS • SEC EDGAR × CBOE × FRED

Should I buy, hold, or sell PPIH stock right now?

Perma-Pipe International Holdings Inc. (PPIH) currently earns a Roarable Rating of D (Sell — SELL) with 51/100 RQD Confidence. Stretched risk/reward at 14x P/E (28% return on capital) under elevated 10-year interest-rate pressure.

What is PPIH's 12-month price target and RQD AI Jury consensus?

PPIH's 12-month base price target is $29.03 (range $22.64 to $38.56), backed by transparent SEC XBRL cash-flow, Form 4 insider, and CBOE options flow analysis.

Direct Sub-Reports: PPIH RQD Cockpit PPIH 12M Forecast PPIH Earnings & Move PPIH Dividends & DRIP PPIH Insiders & 13F PPIH Whale Options PPIH Profit Sankey PPIH News & Why