In the last trading session, 3.31 million Quantum Corp (NASDAQ:QMCO) shares changed hands as the company’s beta touched 3.27. With the company’s per share price at $47.04 changed hands at $1.04 or 2.26% during last session, the market valuation stood at $291.18M. QMCO’s last price was a discount, traded about -36.48% off its 52-week high of $64.20. The share price had its 52-week low at $2.22, which suggests the last value was 95.28% up since then. When we look at Quantum Corp’s average trading volume, we note the 10-day average is 5.88 million shares, with the 3-month average coming to 2.58 million.

Analysts gave the Quantum Corp (QMCO) stock a consensus recommendation rating of Hold, calculated at a mean rating of 3.00. If we narrow down to specifics, the data shows that 0 out of 3 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended QMCO as a Hold, 0 felt it is a Buy and 0 rated the stock as Underweight. Quantum Corp’s EPS for the current quarter is expected to be -0.83.

Quantum Corp (NASDAQ:QMCO) trade information

Instantly QMCO was in green as seen at the end of in last trading. With action 102.15%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 573.93%, with the 5-day performance at 102.15% in the green. However, in the 30-day time frame, Quantum Corp (NASDAQ:QMCO) is 1070.15% up. Looking at the short shares, we see there were 0.19 million shares sold at short interest cover period of 4.64 days.

The consensus price target for the stock as assigned by Wall Street analysts is 7.5, meaning bulls need a downside of -527.2% from its current market value. According to analyst projections, QMCO’s forecast low is 7.5 with 7.5 as the target high. To hit the forecast high, the stock’s price needs a 84.06% surge from its current level, while the stock would need to tank 84.06% for it to hit the projected low.

Quantum Corp (QMCO) estimates and forecasts

Data shows that the Quantum Corp share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 495.44% over the past 6 months, a 15.69% in annual growth rate that is considerably lower than the industry average of 24.30%. Year-over-year growth is forecast to reach -10.14% 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 72M. 2 analysts are of the opinion that Quantum Corp’s revenue for the current quarter will be 66.2M.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 18.45%. The 2024 estimates are for Quantum Corp earnings to increase by 18.53%, but the outlook for the next 5-year period is at 20.00% per year.

QMCO Dividends

Quantum Corp is expected to release its next quarterly earnings report in January.

Quantum Corp (NASDAQ:QMCO)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 13.74% of Quantum Corp shares while 47.66% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 55.25%. There are 47.66% institutions holding the Quantum Corp stock share, with NEUBERGER BERMAN GROUP LLC the top institutional holder. As of 2024-06-30, the company held 14.9285% of the shares, roughly 14.31 million QMCO shares worth $5.85 million.

ALLIANZ ASSET MANAGEMENT GMBH holds the second largest percentage of outstanding shares, with 10.692% or 10.25 million shares worth $4.19 million as of 2024-06-30.