Quantum Corp (NASDAQ:QMCO) has a beta value of 3.00 and has seen 17.39 million shares traded in the recent trading session. The company, currently valued at $232.76M, closed the recent trade at $21.14 per share which meant it gained $12.01 on the day or 131.50% during that session. The QMCO stock price is 14.85% off its 52-week high price of $18.00 and 89.5% above the 52-week low of $2.22. If we look at the company’s 10-day average daily trading volume, we find that it stood at 4.09 million shares traded. The 3-month trading volume is 681.47K shares.
The consensus among analysts is that Quantum Corp (QMCO) is Hold stock at the moment, with a recommendation rating of 3.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 3 out of 3 have rated it as a Hold, with 0 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.83.
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Quantum Corp (NASDAQ:QMCO) trade information
Sporting 131.50% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the QMCO stock price touched $21.14 or saw a rise of 20.26%. Year-to-date, Quantum Corp shares have moved 202.81%, while the 5-day performance has seen it change 614.06%. Over the past 30 days, the shares of Quantum Corp (NASDAQ:QMCO) have changed 326.14%. Short interest in the company has seen 0.19 million shares shorted with days to cover at 4.64.
Wall Street analysts have a consensus price target for the stock at $0.75, which means that the shares’ value could drop -2718.67% from the levels at last check today. The projected low price target is $0.75 while the price target rests at a high of $0.75. In that case, then, we find that the latest price level in today’s session is 96.45% off the targeted high while a plunge would see the stock lose 96.45% from the levels at last check today.
Quantum Corp (QMCO) estimates and forecasts
Figures show that Quantum Corp shares have underperformed across the wider relevant industry. The company’s shares have gained 147.50% over the past 6 months, with this year growth rate of 15.69%, compared to 22.80% for the industry. Revenue growth from the last financial year stood is estimated to be -10.14%.
2 analysts offering their estimates for the company have set an average revenue estimate of 72M for the current quarter. 2 have an estimated revenue figure of 66.2M for the next ending quarter.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 18.45% over the past 5 years. Earnings growth for 2024 is a modest 18.53% while over the next 5 years, the company’s earnings are expected to increase by 20.00%.
QMCO Dividends
Quantum Corp is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Quantum Corp (NASDAQ:QMCO)’s Major holders
Insiders own 13.74% of the company shares, while shares held by institutions stand at 47.66% with a share float percentage of 55.25%. Investors are also buoyed by the number of investors in a company, with Quantum Corp having a total of 47.0 institutions that hold shares in the company. The top two institutional holders are NEUBERGER BERMAN GROUP LLC with over 14.31 million shares worth more than $5.85 million. As of 2024-06-30, NEUBERGER BERMAN GROUP LLC held 14.9285% of shares outstanding.
The other major institutional holder is ALLIANZ ASSET MANAGEMENT GMBH, with the holding of over 10.25 million shares as of 2024-06-30. The firm’s total holdings are worth over $4.19 million and represent 10.692% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Neuberger & Berman Intrinsic Value Fd and 180 Degree Capital Corp. As of Sep 30, 2024, the former fund manager holds about 7.67% shares in the company for having 371.91 shares of worth $7.67 million while later fund manager owns 223.36 shares of worth $4.61 million as of Sep 30, 2024, which makes it owner of about 4.61% of company’s outstanding stock.
