Should You Sell QMMM Holdings Ltd (QMMM) And Go Away This Year?

QMMM Holdings Ltd (NASDAQ:QMMM) currently has a daily average trading volume of 2.72M but it saw 1499837 shares traded in last market. With a market cap of 14.85M USD, the company’s current market price of $0.86 came rising about 2.25 while comparing to the previous closing price of $0.84. In past 52 weeks, the stock remained buoying in the range of price level as high as $13.00 and as low as $0.54.

Taking a look at 20-day trading activity of QMMM Holdings Ltd (QMMM) gives us an average price of $0.7351, while its current price level is -93.36% below from 52-week high level whereas it is 59.81% 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 $0.8012. A closer look into the stock’s movement over the week reveals that its volatility is standing at 18.76% during that period while stretching the period over a month that decreases to 14.16%. 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 50.49 which implies that the stock is in neutral territory.

Over the week, QMMM’s stock price is moving 16.62% up while it is 18.53% when we observe its performance for the past one month. Year-to-date it is -32.58% down and over the past year.

The company is expected to be releasing its next quarterly report in March, for which analysts forecasted an EPS of 0 while estimate for next year EPS is 0.

Currently, QMMM Holdings Ltd’s total number of outstanding shares is 17.21M with 65.48% of that held by the insiders while 1.06% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -29.73% and return on equity (ROE) at -71.80%. Stock has a price to book (P/B) ratio of 21.82 while price to sale or P/S ratio amounts to 42.43. Its return on asset (ROA) is -43.96% on average.