Quantum Corp (NASDAQ: QMCO) Could Soar To Much Higher Prices In Coming Months

In the latest trading session,, 1.21 million Quantum Corp (NASDAQ:QMCO) shares changed hands as the company’s beta touched 2.78. With the company’s most recent per share price at $0.43 changed hands at -$0.35 or -45.12% at last look, the market valuation stands at $41.03M. QMCO’s current price is a discount, trading about -181.4% off its 52-week high of $1.21. The share price had its 52-week low at $0.24, which suggests the last value was 44.19% up since then. When we look at Quantum Corp’s average trading volume, we note the 3-month average coming to 299.06K.

Quantum Corp (NASDAQ:QMCO) trade information

Instantly QMCO was in red as seen in intraday trades today. With action -11.73%, the performance over the past five days has been red. The drop to weekly highs of 0.8500 subtracted -45.12% to the stock’s daily price. The company’s shares are showing year-to-date upside of 22.66%, with the 5-day performance at -11.73% in the red. However, in the 30-day time frame, Quantum Corp (NASDAQ:QMCO) is -22.86% down.

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Quantum Corp (QMCO) estimates and forecasts

Data shows that the Quantum Corp share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 47.62% over the past 6 months, a 86.21% in annual growth rate that is considerably higher than the industry average of 32.60%. Year-over-year growth is forecast to reach -15.20% down from the last financial year.

Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of 78.64M. 1 analysts are of the opinion that Quantum Corp’s revenue for the current quarter will be 91.4M. The company’s revenue for the corresponding quarters a year ago was 94.53M. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -16.80%.