Quantum Corp (NASDAQ:QMCO)’s traded shares stood at 1.37 million during the latest session, with the company’s beta value hitting 2.85. At the last check today, the stock’s price was $0.20, to imply a decrease of -3.64% or $0.0 in intraday trading. The QMCO share’s 52-week high remains $0.90, putting it -350.0% down since that peak but still an impressive 0.0% since price per share fell to its 52-week low of $0.20. The company has a valuation of $18.79M, with an average of 1.6 million shares in intraday trading volume over the past 10 days and average of 646.84K shares over the past 3 months.
Analysts have given a consensus recommendation of Hold for Quantum Corp (QMCO), translating to a mean rating of 3.00. Of 3 analyst(s) looking at the stock, 0 analyst(s) give QMCO a Sell rating. 0 of those analysts rate the stock as Overweight while 3 advise Hold as 0 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.05.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Quantum Corp (NASDAQ:QMCO) trade information
After registering a -3.64% downside in the latest session, Quantum Corp (QMCO) has traded red over the past five days. The 5-day price performance for the stock is -38.52%, and -49.88% over 30 days. With these gigs, the year-to-date price performance is -43.84%. Short interest in Quantum Corp (NASDAQ:QMCO) saw shorts transact 0.41 million shares and set a 1.56 days time to cover.
The extremes give us $0.75 and $0.75 for target low and target high price respectively. As such, QMCO has been trading -275.0% off suggested target high and -275.0% from its likely low.
Quantum Corp (QMCO) estimates and forecasts
Looking at statistics comparing Quantum Corp share performance against respective industry, we note that the company has outperformed competitors. Quantum Corp (QMCO) shares are -54.15% down over the last 6 months, with its year-to-date growth rate higher than industry average at 62.07% against 27.20%. The rating firms project that company’s revenue will shrink -2.10% compared to the previous financial year.
Revenue forecast for the current quarter as set by 2 analysts is 72.7M. Meanwhile, for the current quarter, a total of 2 analyst(s) estimate revenue growth to 81.05M.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 18.45% for the past 5-year period. While 2024 is set for a 62.07% return in earnings, projections for the next 5 years are at 20.00% annually.
QMCO Dividends
Quantum Corp has its next earnings report out on 2024-Nov-02. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Quantum Corp (NASDAQ:QMCO)’s Major holders
Quantum Corp insiders hold 13.43% of total outstanding shares, with institutional holders owning 51.53% of the shares at 59.53% float percentage. In total, 51.53% institutions holds shares in the company, led by NEUBERGER BERMAN GROUP LLC. As of 2024-06-30, the company held over 14.31 million shares (or 14.9285% of shares), all amounting to roughly $5.85 million.
The next major institution holding the largest number of shares is ALLIANZ ASSET MANAGEMENT GMBH with 10.25 million shares, or about 10.692% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $4.19 million.
