Quantum Corp (NASDAQ:QMCO) currently has a daily average trading volume of 1.72M but it saw 1293451 shares traded in last market. With a market cap of 61.22M USD, the company’s current market price of $9.38 came falling about -2.80 while comparing to the previous closing price of $9.65. 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 $9.2 while lowest mark touched by it was $9.65.
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 4.11% up while it is -11.51% when we observe its performance for the past one month. Year-to-date it is 2.18% up and over the past year, the stock is showing a downside performance of -82.60%.
The company is expected to be releasing its next quarterly report on 2025-Feb-12, 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 6.53M with 12.44% of that held by the insiders while 11.34% of its common stock has been owned by the institutions. It has a 14.00 of forward P/E ratio. Stock’s beta reads 2.71. Stock has a price to sale or P/S ratio amounts to 0.21. Its return on asset (ROA) is -67.92% on average.
