QMMM Holdings Ltd. (QMMM) Down -23.77% From Its 52-Week High, But Growth Potential Is Changing Over Time

QMMM Holdings Ltd. (NASDAQ:QMMM) currently has a daily average trading volume of 352.53K but it saw 3363022 shares traded in last market. With a market cap of 101.02M USD, the company’s current market price of $5.87 came falling about -19.15 while comparing to the previous closing price of $7.26. In past 52 weeks, the stock remained buoying in the range of price level as high as $7.70 and as low as $3.00. In the recent trading on the day, stock has struck highest price mark of $4.05 while lowest mark touched by it was $7.0.

Taking a look at 20-day trading activity of QMMM Holdings Ltd. (QMMM) gives us an average price of $4.77, while its current price level is -23.77% below from 52-week high level whereas it is 95.67% above from lowest level seen by the stock during that period. A closer look into the stock’s movement over the week reveals that its volatility is standing at 28.73% during that period while stretching the period over a month that decreases to 13.91%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 60.83 which implies that the stock is in neutral territory.

Over the week, QMMM’s stock price is moving 19.55% up while it is 37.96% when we observe its performance for the past one month. Year-to-date it is 44.23% up and over the past year.

Currently, QMMM Holdings Ltd.’s total number of outstanding shares is 17.15M. Stock has a price to sale or P/S ratio amounts to 224.49. Its return on asset (ROA) is -62.74% on average.