Quantum Corp (NASDAQ:QMCO) does about 681.47K shares in volume on a normal day but saw 31406527 shares change hands in the recent trading day. The company now has a market cap of 239.74M USD. Its current market price is $21.77, marking an increase of 138.44% compared to the previous close of $9.13. The 52 week high reached by this stock is $18.00 whilst the lowest price level in 52 weeks is $2.22. The script in recent trading has seen the stock touch a high of $0.75 and a low of $0.75.
Quantum Corp (QMCO) has a 20-day trading average at $5.22 and the current price is 20.96% off the 52-week high compared with 880.63% distance from its 52-week low. The 50-day simple moving average of the closing price is $4.37 and its 200-day simple moving average is $7.54. If we look at the stock’s price movements over the week, volatility stands at 66.62%, which decreases to 28.38% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 90.05 to suggest the stock is overbought.
3 analysts observing the Quantum Corp (QMCO) stock have set the 12-month price targets for the company’s shares at between $0.75 and $0.75. The consensus objective for the share price is $5.00, suggesting that the stock has a potential downside of -335.4% over the period. The median price target is -2802.67% away from the current levels at $0.75.
FactSet Research has provided data showing that 3 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 0 analysts have rated it as a buy and 3 have advised that investors hold their positions. The consensus recommendation rating is Hold and Wall Street’s advice is for investors to Hold the stock.
B. Riley Securities also downgraded the stock to “Neutral” from Buy on February 10, 2022 at a price target of $15-$4.
The current price level is 316.89%, 398.60%, and 188.70% away from its SMA20, SMA50, and SMA200 respectively, with the QMCO price moving below the 50-day SMA on current market day. Quantum Corp (QMCO) stock is up 635.47% over the week and 338.91% over the past month. Its price is 211.89% year-to-date and 251.13% over the past year.
Its 12-month price target is $0.75. To reach the target analysts have set, the stock logically needs to shrink -335.4 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $0.75, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $0.75.
Outstanding shares total 4.79M with insiders holding 13.74% of the shares and institutional holders owning 47.66% of the company’s common stock. The beta has a value of 3.00. Price to sales ratio is 0.84.
