Quantum Corp (NASDAQ:QMCO)’s traded shares stood at 1.69 million during the latest session, with the company’s beta value hitting 3.07. At the last check today, the stock’s price was $32.87, to imply a decrease of -1.90% or -$0.63 in intraday trading. The QMCO share’s 52-week high remains $90.64, putting it -175.75% down since that peak but still an impressive 93.25% since price per share fell to its 52-week low of $2.22. The company has a valuation of $159.34M, with an average of 2.19 million shares in intraday trading volume over the past 10 days and average of 3.32 million shares over the past 3 months.
Analysts have given a consensus recommendation of Hold for Quantum Corp (QMCO), translating to a mean rating of 3.00. Of 3 analyst(s) looking at the stock, 0 analyst(s) give QMCO a Sell rating. 0 of those analysts rate the stock as Overweight while 3 advise Hold as 0 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.83.
Quantum Corp (NASDAQ:QMCO) trade information
After registering a -1.90% downside in the latest session, Quantum Corp (QMCO) has traded red over the past five days. The 5-day price performance for the stock is 4.57%, and 82.89% over 30 days. With these gigs, the year-to-date price performance is -39.05%. Short interest in Quantum Corp (NASDAQ:QMCO) saw shorts transact 0.19 million shares and set a 4.64 days time to cover.
The extremes give us $7.5 and $7.5 for target low and target high price respectively. As such, QMCO has been trading 77.18% off suggested target high and 77.18% from its likely low.
Quantum Corp (QMCO) estimates and forecasts
Looking at statistics comparing Quantum Corp share performance against respective industry, we note that the company has underperformed competitors. Quantum Corp (QMCO) shares are 299.14% up over the last 6 months, with its year-to-date growth rate lower than industry average at 15.69% against 21.70%. The rating firms project that company’s revenue will shrink -10.14% compared to the previous financial year.
Revenue forecast for the current quarter as set by 2 analysts is 72M. Meanwhile, for the current quarter, a total of 2 analyst(s) estimate revenue growth to 66.2M.
QMCO Dividends
Quantum Corp has its next earnings report out in February. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Quantum Corp (NASDAQ:QMCO)’s Major holders
Quantum Corp insiders hold 13.74% of total outstanding shares, with institutional holders owning 47.66% of the shares at 55.25% float percentage. In total, 47.66% institutions holds shares in the company, led by NEUBERGER BERMAN GROUP LLC. As of 2024-06-30, the company held over 14.31 million shares (or 14.9285% of shares), all amounting to roughly $5.85 million.
The next major institution holding the largest number of shares is ALLIANZ ASSET MANAGEMENT GMBH with 10.25 million shares, or about 10.692% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $4.19 million.
We also have 180 Degree Capital Corp and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the Quantum Corp (QMCO) shares. Going by data provided on Sep 30, 2024, 180 Degree Capital Corp holds roughly 223.36 shares. This is just over 4.61% of the total shares, with a market valuation of $7.04 million. Data from the same date shows that the other fund manager holds a little less at 166.09, or 3.43% of the shares, all valued at about 5.24 million.
