Quantum Corp (NASDAQ:QMCO) currently has a daily average trading volume of 3.48M but it saw 1357712 shares traded in last market. With a market cap of 173.38M USD, the company’s current market price of $35.76 came falling about -3.87 while comparing to the previous closing price of $37.20. In past 52 weeks, the stock remained buoying in the range of price level as high as $90.64 and as low as $2.22. In the recent trading on the day, stock has struck highest price mark of $34.84 while lowest mark touched by it was $41.0.
Taking a look at 20-day trading activity of Quantum Corp (QMCO) gives us an average price of $43.89, while its current price level is -60.55% below from 52-week high level whereas it is 1510.81% 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 $26.07 while that of 200 days or SMA-200 reads an average of $11.69. A closer look into the stock’s movement over the week reveals that its volatility is standing at 23.21% during that period while stretching the period over a month that increases to 26.97%. 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 50.39 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 59.57% up while it is -40.42% when we observe its performance for the past one month. Year-to-date it is -33.68% down and over the past year, the stock is showing an upside performance of 496.00%.
The company is expected to be releasing its next quarterly report in February, 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 3.03. Stock has a price to sale or P/S ratio amounts to 0.61. Its return on asset (ROA) is -35.29% on average.
