During the last session, Quantum Corp (NASDAQ:QMCO)’s traded shares were 1.44 million, with the beta value of the company hitting 2.72. At the end of the trading day, the stock’s price was $4.02, reflecting an intraday gain of 33.11% or $1.0. The 52-week high for the QMCO share is $18.00, that puts it down -347.76 from that peak though still a striking 44.78% gain since the share price plummeted to a 52-week low of $2.22. The company’s market capitalization is $19.49M, and the average intraday trading volume over the past 10 days was 84570.0 shares, and the average trade volume was 61.76K shares over the past three months.

Quantum Corp (QMCO) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 3.00. QMCO has a Sell rating from 0 analyst(s) out of 3 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 0 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.83.

Quantum Corp (NASDAQ:QMCO) trade information

Quantum Corp (QMCO) registered a 33.11% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 33.11% in intraday trading to $4.02, hitting a weekly high. The stock’s 5-day price performance is 26.02%, and it has moved by -20.08% in 30 days. Based on these gigs, the overall price performance for the year is -38.15%. The short interest in Quantum Corp (NASDAQ:QMCO) is 0.19 million shares and it means that shorts have 4.64 day(s) to cover.

The consensus price target of analysts on Wall Street is $0.75, which implies a decrease of -436.0% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $0.75 and $0.75 respectively. As a result, QMCO is trading at a premium of 81.34% off the target high and 81.34% off the low.

Quantum Corp (QMCO) estimates and forecasts

Statistics show that Quantum Corp has outperformed its competitors in share price, compared to the industry in which it operates. Quantum Corp (QMCO) shares have gone down -56.08% during the last six months, with a year-to-date growth rate more than the industry average at 62.07% against 29.50. In the rating firms’ projections, revenue will decrease -10.14% compared to the previous financial year.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 72M as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 66.2M by the end of current fiscal year.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 18.45%. While earnings are projected to return 18.53% in 2024, the next five years will return 20.00% per annum.

QMCO Dividends

Quantum Corp is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Quantum Corp (NASDAQ:QMCO)’s Major holders

Quantum Corp insiders own 13.74% of total outstanding shares while institutional holders control 47.66%, with the float percentage being 55.25%. NEUBERGER BERMAN GROUP LLC is the largest shareholder of the company, while 47.0 institutions own stock in it. As of 2024-06-30, the company held over 14.31 million shares (or 14.9285% of all shares), a total value of $5.85 million in shares.

The next largest institutional holding, with 10.25 million shares, is of ALLIANZ ASSET MANAGEMENT GMBH’s that is approximately 10.692% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $4.19 million.