In recent trading session, Quantum Corp (NASDAQ:QMCO) saw 3.63 million shares changing hands at last check today with its beta currently measuring 2.97. Company’s recent per share price level of $43.43 trading at -$16.59 or -27.65% at last check today assigns it a market valuation of $210.55M. That most recent trading price of QMCO’s stock is at a discount of -47.82% from its 52-week high price of $64.20 and is indicating a premium of 94.89% from its 52-week low price of $2.22. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 4.77 million shares which gives us an average trading volume of 2.36 million if we extend that period to 3-months.
For Quantum Corp (QMCO), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 3.00. Splitting up the data highlights that, out of 3 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 0 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.83 in the current quarter.
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Quantum Corp (NASDAQ:QMCO) trade information
Upright in the red during last session for losing -27.65%, in the last five days QMCO remained trading in the green while hitting it’s week-highest on Wednesday, 12/18/24 when the stock touched $43.43 price level, adding 32.35% to its value on the day. Quantum Corp’s shares saw a change of 522.14% in year-to-date performance and have moved 152.92% in past 5-day. Quantum Corp (NASDAQ:QMCO) showed a performance of 1357.24% in past 30-days. Number of shares sold short was 0.19 million shares which calculate 4.64 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 7.5 to the stock, which implies a fall of -479.07% to its recent value today. Analysts have been projecting 7.5 as a low price target for the stock while placing it at a high target of 7.5. It follows that stock’s current price would jump 82.73% in reaching the projected high whereas dropping to the targeted low would mean a gain of 82.73% for stock’s current value.
Quantum Corp (QMCO) estimates and forecasts
Statistics highlight that Quantum Corp is scoring comparatively lower than the scores of other players of the relevant industry. The company added 390.13% of value to its shares in past 6 months, showing an annual growth rate of 15.69% while that of industry is 24.30. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -10.14% 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 72M for the same. And 2 analysts are in estimates of company making revenue of 66.2M in the next quarter.
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 18.45% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 18.53% while estimates for its earnings growth in next 5 years are of 20.00%.
Quantum Corp (NASDAQ:QMCO)’s Major holders
Insiders are in possession of 13.74% of company’s total shares while institution are holding 47.66 percent of that, with stock having share float percentage of 55.25%. Investors also watch the number of corporate investors in a company very closely, which is 47.66% institutions for Quantum Corp that are currently holding shares of the company. NEUBERGER BERMAN GROUP LLC is the top institutional holder at QMCO for having 14.31 million shares of worth $5.85 million. And as of 2024-06-30, it was holding 14.9285 of the company’s outstanding shares.
The second largest institutional holder is ALLIANZ ASSET MANAGEMENT GMBH, which was holding about 10.25 million shares on 2024-06-30. The number of shares represents firm’s hold over 10.692 of outstanding shares, having a total worth of $4.19 million.
