Quantum Corp (NASDAQ:QMCO) currently has a daily average trading volume of 61.76K but it saw 1440727 shares traded in last market. With a market cap of 19.49M USD, the company’s current market price of $4.02 came rising about 33.11 while comparing to the previous closing price of $3.02. In past 52 weeks, the stock remained buoying in the range of price level as high as $18.00 and as low as $2.22. In the recent trading on the day, stock has struck highest price mark of $3.05 while lowest mark touched by it was $4.63.
Taking a look at 20-day trading activity of Quantum Corp (QMCO) gives us an average price of $4.19, while its current price level is -77.66% below from 52-week high level whereas it is 81.08% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $3.89 while that of 200 days or SMA-200 reads an average of $7.47. A closer look into the stock’s movement over the week reveals that its volatility is standing at 22.68% during that period while stretching the period over a month that decreases to 17.76%. 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 50.57 which implies that the stock is in neutral territory.
B. Riley Securities downgraded its recommendation for the stock as a “Neutral” from “Buy” on February 10, 2022 while assigning a price target range of $15-$4.
Over the week, QMCO’s stock price is moving 26.02% up while it is -20.08% when we observe its performance for the past one month. Year-to-date it is -42.41% down and over the past year, the stock is showing a downside performance of -38.15%.
The company is expected to be releasing its next quarterly report in December, for which analysts forecasted an EPS of -0.83 while estimate for next year EPS is -4.72. In next quarter, company is expected to be making quarterly sales of $66.2M as analysts are expecting the sales for current fiscal year at $280.01M and seeing the company making $276.13M in sales next year. Moreover, analysts are in estimates of $72M for current-quarter revenue.
Currently, Quantum Corp’s total number of outstanding shares is 4.79M with 13.74% of that held by the insiders while 47.66% of its common stock has been owned by the institutions. Stock’s beta reads 2.72. Stock has a price to sale or P/S ratio amounts to 0.07. Its return on asset (ROA) is -35.29% on average.
