Quantum Corp (NASDAQ:QMCO) currently has a daily average trading volume of 3.90M but it saw 1957140 shares traded in last market. With a market cap of 92.35M USD, the company’s current market price of $15.83 came rising about 3.40 while comparing to the previous closing price of $15.31. 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.
Taking a look at 20-day trading activity of Quantum Corp (QMCO) gives us an average price of $22.74, while its current price level is -82.54% below from 52-week high level whereas it is 613.06% 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 $31.14 while that of 200 days or SMA-200 reads an average of $12.91. A closer look into the stock’s movement over the week reveals that its volatility is standing at 21.71% during that period while stretching the period over a month that decreases to 15.01%. 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 38.20 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 -11.12% down while it is -51.44% when we observe its performance for the past one month. Year-to-date it is -70.64% down and over the past year, the stock is showing an upside performance of 61.50%.
The company is expected to be releasing its next quarterly report in March, for which analysts forecasted an EPS of -1.17 while estimate for next year EPS is -5.17. In next quarter, company is expected to be making quarterly sales of $70.07M as analysts are expecting the sales for current fiscal year at $280.18M and seeing the company making $287.08M in sales next year. Moreover, analysts are in estimates of $65.85M for current-quarter revenue.
Currently, Quantum Corp’s total number of outstanding shares is 5.31M with 14.61% of that held by the insiders while 45.06% of its common stock has been owned by the institutions. Stock’s beta reads 3.00. Stock has a price to sale or P/S ratio amounts to 0.32. Its return on asset (ROA) is -67.92% on average.
