During the last session, Quantum Corp (NASDAQ:QMCO)’s traded shares were 1.36 million, with the beta value of the company hitting 3.03. At the end of the trading day, the stock’s price was $35.76, reflecting an intraday loss of -3.87% or -$1.44. The 52-week high for the QMCO share is $90.64, that puts it down -153.47 from that peak though still a striking 93.79% gain since the share price plummeted to a 52-week low of $2.22. The company’s market capitalization is $173.38M, and the average intraday trading volume over the past 10 days was 2.26 million shares, and the average trade volume was 3.48 million shares over the past three months.
Quantum Corp (QMCO) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 3.00. QMCO has a Sell rating from 0 analyst(s) out of 3 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 0 recommend a Buy rating for it.
Quantum Corp (NASDAQ:QMCO) trade information
Quantum Corp (QMCO) registered a -3.87% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -3.87% in intraday trading to $35.76, hitting a weekly high. The stock’s 5-day price performance is 59.57%, and it has moved by -40.42% in 30 days. Based on these gigs, the overall price performance for the year is 496.00%. The short interest in Quantum Corp (NASDAQ:QMCO) is 0.19 million shares and it means that shorts have 4.64 day(s) to cover.
The consensus price target of analysts on Wall Street is $7.5, which implies a decrease of -376.8% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $7.5 and $7.5 respectively. As a result, QMCO is trading at a premium of 79.03% off the target high and 79.03% off the low.
Quantum Corp (QMCO) estimates and forecasts
Statistics show that Quantum Corp has underperformed its competitors in share price, compared to the industry in which it operates. Quantum Corp (QMCO) shares have gone up 347.00% during the last six months, with a year-to-date growth rate less than the industry average at 15.69% against 21.70.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 18.45%. While earnings are projected to return 18.53% in 2025.
QMCO Dividends
Quantum Corp is due to release its next quarterly earnings in February. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Quantum Corp (NASDAQ:QMCO)’s Major holders
Quantum Corp insiders own 13.74% of total outstanding shares while institutional holders control 47.66%, with the float percentage being 55.25%. NEUBERGER BERMAN GROUP LLC is the largest shareholder of the company, while 47.0 institutions own stock in it. As of 2024-06-30, the company held over 14.31 million shares (or 14.9285% of all shares), a total value of $5.85 million in shares.
The next largest institutional holding, with 10.25 million shares, is of ALLIANZ ASSET MANAGEMENT GMBH’s that is approximately 10.692% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $4.19 million.
