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Gulf Resources
(NASDAQ:GURE)
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Rating:45Neutral
Price Target:
$3.00
▼(-14.29% Downside)
Action:Reiterated
Date:10/06/26
The score is held down primarily by weak financial performance (large net losses, negative profitability, and negative free cash flow despite some revenue growth) and bearish technical setup (trading below major moving averages with negative MACD). Corporate events provide some offset (Nasdaq compliance restored and a new JV announcement), but valuation remains unattractive due to loss-making results and no dividend yield data.
Positive Factors
Low leverage
Modest debt relative to equity gives Gulf Resources financial flexibility while it works through operating losses. Lower leverage can reduce financing pressure, preserve capacity for necessary investment, and improve resilience if market conditions or operating results remain difficult.
Negative Factors
Persistent unprofitable operations
Sustained losses and negative gross and operating margins show that higher sales have not yet translated into viable earnings power. This weak profitability can erode equity, restrict internal funding, and make any recovery dependent on substantial cost improvement or stronger product economics.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
Modest debt relative to equity gives Gulf Resources financial flexibility while it works through operating losses. Lower leverage can reduce financing pressure, preserve capacity for necessary investment, and improve resilience if market conditions or operating results remain difficult.
Read all positive factors
Gulf Resources (GURE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$5.60M
Dividend YieldN/A
Average Volume (3M)133.77K
Price to Earnings (P/E)―
Beta (1Y)-0.56
Revenue Growth120.75%
EPS Growth-17.98%
CountryUS
Employees355
SectorBasic Materials
Sector Strength58
IndustryChemicals
Share Statistics
EPS (TTM)-30.21
Shares Outstanding1,813,531
10 Day Avg. Volume390,840
30 Day Avg. Volume133,769
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.04
Price to Sales (P/S)0.19
P/FCF Ratio-4.72
Enterprise Value/Market Cap1.75
Enterprise Value/Revenue0.37
Enterprise Value/Gross Profit-3.34
Enterprise Value/Ebitda-0.31
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Gulf Resources Business Overview & Revenue Model
Company Description
Operating in the People's Republic of China, Gulf Resources, Inc. and its various subsidiaries are involved in the production and sale of bromine, crude salt, diverse chemical products, and natural gas. Bromine, one of its key offerings, serves a ...
How the Company Makes Money
Gulf Resources makes money primarily by extracting mineral-rich brine and monetizing the resulting products through sales to customers. Its core revenue streams are: (1) Bromine sales: Bromine is produced from brine and sold as a chemical input to...
Gulf Resources Earnings Call Summary
Earnings Call Date:Nov 19, 2024
(Q3-2024)
| % Change Since: |
Next Earnings Date:Nov 23, 2026
Earnings Call Sentiment Negative
The earnings call highlighted strategic investments and potential future gains, particularly in bromine pricing. However, these are overshadowed by significant revenue declines, operational losses, and cash depletion. The company faces challenges in revitalizing its chemical and natural gas segments, delaying potential profitability.Positive Updates
Bromine Price Recovery
Since the end of the third quarter, bromine prices have increased substantially, indicating potential for increased future revenue.
Negative Updates
Revenue Decline
Quarterly revenues declined by 21.8% to $2.2 million, with a net loss of $3.5 million.
Read all updates
Q3-2024 Updates
Positive
Negative
Bromine Price Recovery
Since the end of the third quarter, bromine prices have increased substantially, indicating potential for increased future revenue.
Read all positive updates
Company Guidance
During the Gulf Resources Third Quarter 2024 Earnings Call, several key metrics and issues were discussed. The company reported a decline in revenues to approximately $2.2 million, a 21.8% drop compared to the same period last year, with a net loss of $3.5 million or $0.33 per share. The bromine segment saw a revenue decrease of 68% to $1.6 million, while crude salt revenue declined by 26% to $654,000. For the nine months ending September 30, 2024, revenues were down 74.4% to $5.9 million compared to 2023, with a net loss of $40.6 million or $3.78 per share. The company highlighted significant investments, including $60.5 million in new equipment and $50 million in a flood prevention project, impacting their cash position, which decreased to $11 million from $72.2 million at the end of 2023. Despite these challenges, the management expressed optimism about future bromine price increases and potential returns from recent strategic land acquisitions for crude salt and bromine production.Gulf Resources Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
68
Positive
Cash Flow
38
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 26.18M | 25.42M | 7.66M | 30.04M | 66.09M | 55.03M |
| Gross Profit | -2.94M | -2.94M | -15.97M | -7.59M | 25.42M | 17.18M |
| EBITDA | -31.39M | -26.17M | -38.22M | -30.03M | 43.66M | 26.19M |
| Net Income | -43.26M | -43.92M | -58.94M | -61.80M | 10.06M | -924.72K |
Balance Sheet | ||||||
| Total Assets | 136.78M | 133.73M | 167.82M | 226.67M | 292.43M | 309.86M |
| Cash, Cash Equivalents and Short-Term Investments | 9.19M | 3.79K | 10.08M | 72.22M | 108.23M | 95.77M |
| Total Debt | 17.41M | 17.61M | 15.87M | 9.48M | 9.68M | 10.06M |
| Total Liabilities | 23.37M | 22.25M | 25.01M | 21.42M | 20.81M | 23.22M |
| Stockholders Equity | 113.41M | 111.48M | 142.81M | 205.25M | 271.62M | 286.64M |
Cash Flow | ||||||
| Free Cash Flow | -4.88M | -1.05M | -28.25M | -32.75M | 13.59M | -6.78M |
| Operating Cash Flow | 5.73M | 7.80M | 675.83K | -32.75M | 51.15M | 23.31M |
| Investing Cash Flow | -9.95M | -22.57M | -28.95M | 0.00 | -37.56M | -30.09M |
| Financing Cash Flow | 5.46M | 4.84M | -31.85M | -267.81K | -264.86K | -290.60K |
Gulf Resources Technical Analysis
Negative
3.50
Price Trends
3.29
Negative
3.61
Negative
4.15
Negative
Market Momentum
-0.11
Positive
43.41
Neutral
23.73
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GURE, the sentiment is Negative. The current price of 3.5 is above the 20-day moving average (MA) of 3.30, above the 50-day MA of 3.29, and below the 200-day MA of 4.15, indicating a bearish trend. The MACD of -0.11 indicates Positive momentum. The RSI at 43.41 is Neutral, neither overbought nor oversold. The STOCH value of 23.73 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GURE.
Gulf Resources Risk Analysis
Gulf Resources disclosed 19 risk factors in its most recent earnings report. Gulf Resources reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Gulf Resources Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
52 Neutral | $78.17M | -25.84 | -8.12% | 2.35% | -4.66% | -201.32% | |
50 Neutral | $73.12M | -60.69 | -1.60% | 0.51% | 7.70% | -139.19% | |
45 Neutral | $5.60M | -0.10 | -39.12% | ― | 120.75% | -17.98% | |
45 Neutral | $4.53M | -0.61 | -80.73% | ― | 13.43% | 75.01% | |
40 Underperform | $20.80M | -1.65 | 142.32% | ― | -96.04% | 9.12% |
* Basic Materials Sector Average
GURE
Gulf Resources
3.02
-2.58
-46.07%
FSI
Flexible Solutions International
6.33
-2.66
-29.59%
NTIC
Northern Technologies International
7.81
-0.22
-2.80%
SNES
SenesTech
0.83
-3.32
-80.02%
LOOP
Loop Industries
0.42
-1.21
-74.42%
CNEY
CN Energy Group
0.52
-1.75
-77.20%
Gulf Resources Corporate Events
Delistings and Listing ChangesRegulatory Filings and Compliance
Gulf Resources Regains Nasdaq Compliance and Listing Status
Positive
Oct 6, 2026
On October 1, 2026, Gulf Resources, Inc. received notice from Nasdaq’s Listing Qualifications staff that it had regained compliance with the exchange’s periodic filing requirement under Listing Rule 5250(c)(1). The company disclosed on...
Delistings and Listing ChangesRegulatory Filings and Compliance
Gulf Resources Granted Nasdaq Extension to Regain Compliance
Negative
Sep 3, 2026
On September 1, 2026, Gulf Resources received an extension from Nasdaq to regain compliance with Listing Rule 5250(c)(1), after previously being cited for delayed filings of its quarterly reports. On September 2, 2026, Nasdaq confirmed the company...
Financial DisclosuresRegulatory Filings and Compliance
Gulf Resources Faces Ongoing Nasdaq Compliance Challenges
Negative
Aug 28, 2026
On August 24, 2026, Gulf Resources received a Nasdaq notice that it is not in compliance with listing rules because it failed to timely file its Form 10-Q for the quarter ended June 30, 2026, adding to earlier delays in its March 31, 2026 quarterl...
Business Operations and StrategyFinancial Disclosures
Gulf Resources Forms International Bromine-Lithium Joint Venture
Positive
Aug 26, 2026
On August 20, 2026, Gulf Resources entered into a strategic cooperation agreement with Brazilian mining company Montes Verdes Participacoes Ltda., and announced the plan on August 26, 2026, as part of an international expansion strategy. The partn...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.