Quantum Corp (NASDAQ:QMCO) currently has a daily average trading volume of 1.36M but it saw 6006340 shares traded in last market. With a market cap of 89.76M USD, the company’s current market price of $17.86 came rising about 3.66 while comparing to the previous closing price of $17.23. In past 52 weeks, the stock remained buoying in the range of price level as high as $33.00 and as low as $2.22. In the recent trading on the day, stock has struck highest price mark of $17.0 while lowest mark touched by it was $25.1.
Taking a look at 20-day trading activity of Quantum Corp (QMCO) gives us an average price of $6.47, while its current price level is -45.88% below from 52-week high level whereas it is 704.50% 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 $4.92 while that of 200 days or SMA-200 reads an average of $7.62. A closer look into the stock’s movement over the week reveals that its volatility is standing at 96.63% during that period while stretching the period over a month that decreases to 35.43%. 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 74.24 which implies that the stock is in overbought 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 491.39% up while it is 234.46% when we observe its performance for the past one month. Year-to-date it is 155.87% up and over the past year, the stock is showing an upside performance of 197.67%.
Currently, Quantum Corp’s total number of outstanding shares is 4.79M. Stock’s beta reads 3.55. Stock has a price to sale or P/S ratio amounts to 0.31. Its return on asset (ROA) is -35.29% on average.
