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Does Quotient Limited (NASDAQ:QTNT) Look Expensive At $0.87? Here’s How To Know.

In last trading session, Quotient Limited (NASDAQ:QTNT) saw 0.13 million shares changing hands with its beta currently measuring 2.38. Company’s recent per share price level of $0.87 trading at $0.01 or 1.00% at ring of the bell on the day assigns it a market valuation of $3.62M. That closing price of QTNT’s stock is at a discount of -12773.56% from its 52-week high price of $112.00 and is indicating a premium of 5.75% from its 52-week low price of $0.82. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.19 million shares which gives us an average trading volume of 126.08K if we extend that period to 3-months.

Quotient Limited (NASDAQ:QTNT) trade information

Upright in the green during last session for gaining 1.00%, in the last five days QTNT remained trading in the red while hitting it’s week-highest on Thursday, 11/17/22 when the stock touched $0.87 price level, adding 40.82% to its value on the day. Quotient Limited’s shares saw a change of -99.16% in year-to-date performance and have moved -42.09% in past 5-day. Quotient Limited (NASDAQ:QTNT) showed a performance of -83.81% in past 30-days. Number of shares sold short was 3.19 million shares which calculate 1.59 days to cover the short interests.

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Quotient Limited (QTNT) estimates and forecasts

Statistics highlight that Quotient Limited is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -92.29% of value to its shares in past 6 months, showing an annual growth rate of 44.31% while that of industry is 0.40. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to increase by 14.80% in the current quarter and calculating 65.90% increase in the next quarter. This year revenue growth is estimated to rise 2.90% from the last financial year’s standing.

2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $9.91 million for the same. And 2 analysts are in estimates of company making revenue of $10.4 million in the next quarter that will end on Dec 2022.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 16.50% during past 5 years.

QTNT Dividends

Quotient Limited is more likely to be releasing its next quarterly report on August 09 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Quotient Limited (NASDAQ:QTNT)’s Major holders

Insiders are in possession of 2.13% of company’s total shares while institution are holding 67.01 percent of that, with stock having share float percentage of 68.47%. Investors also watch the number of corporate investors in a company very closely, which is 67.01% institutions for Quotient Limited that are currently holding shares of the company. Perceptive Advisors Llc is the top institutional holder at QTNT for having 16.2 million shares of worth $3.89 million. And as of Jun 29, 2022, it was holding 11.93% of the company’s outstanding shares.

The second largest institutional holder is Polar Capital Holdings Plc, which was holding about 13.38 million shares on Jun 29, 2022. The number of shares represents firm’s hold over 9.85% of outstanding shares, having a total worth of $3.21 million.

On the other hand, Legg Mason Glb Asset Mgt Tr-Clearbridge Small Cap Fd and Columbia Fds Var Ser Tr II-Columbia Var Port-Overseas Core Fd are the top two Mutual Funds which own company’s shares. As of Jul 30, 2022, the former fund manager was holding 2.7 million shares of worth $0.7 million or 1.99% of the total outstanding shares. The later fund manager was in possession of 1.57 million shares on Jun 29, 2022, making its stake of worth around $0.38 million in the company or a holder of 1.16% of company’s stock.

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