In the last trading session, 1.71 million Quantum Corp (NASDAQ:QMCO) shares changed hands as the company’s beta touched 3.13. With the company’s per share price at $20.90 changed hands at -$6.57 or -23.92% during last session, the market valuation stood at $101.33M. QMCO’s last price was a discount, traded about -333.68% off its 52-week high of $90.64. The share price had its 52-week low at $2.22, which suggests the last value was 89.38% up since then. When we look at Quantum Corp’s average trading volume, we note the 10-day average is 2.65 million shares, with the 3-month average coming to 3.17 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 (NASDAQ:QMCO) trade information
Instantly QMCO was in red as seen at the end of in last trading. With action -61.60%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -61.24%, with the 5-day performance at -61.60% in the red. However, in the 30-day time frame, Quantum Corp (NASDAQ:QMCO) is 3.41% 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 -178.67% 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 64.11% surge from its current level, while the stock would need to tank 64.11% 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 133.15% over the past 6 months, a 15.69% in annual growth rate that is considerably lower than the industry average of 21.70%.
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 2025 estimates are for Quantum Corp earnings to increase by 18.53%.
QMCO Dividends
Quantum Corp is expected to release its next quarterly earnings report in February.
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.
