During the last session, Quantum Corp (NASDAQ:QMCO)’s traded shares were 1.94 million, with the beta value of the company hitting 3.00. At the end of the trading day, the stock’s price was $19.89, reflecting an intraday loss of -14.38% or -$3.34. The 52-week high for the QMCO share is $90.64, that puts it down -355.71 from that peak though still a striking 88.84% gain since the share price plummeted to a 52-week low of $2.22. The company’s market capitalization is $115.98M, and the average trade volume was 3.76 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. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.
Quantum Corp (NASDAQ:QMCO) trade information
Quantum Corp (QMCO) registered a -14.38% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -14.38% in intraday trading to $19.89, hitting a weekly high. The stock’s 5-day price performance is -0.05%, and it has moved by -11.24% in 30 days. Based on these gigs, the overall price performance for the year is 107.84%.
The consensus price target of analysts on Wall Street is $7.5, which implies a decrease of -165.2% 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 62.29% off the target high and 62.29% off the low.
Quantum Corp (QMCO) estimates and forecasts
Statistics show that Quantum Corp has outperformed its competitors in share price, compared to the industry in which it operates. Quantum Corp (QMCO) shares have gone up 219.98% during the last six months, with a year-to-date growth rate more than the industry average at 25.34% against 13.40. In the rating firms’ projections, revenue will decrease -10.08% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 65.85M as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 70.07M by the end of current fiscal year.
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 19.14% in 2025.
QMCO Dividends
Quantum Corp is due to release its next quarterly earnings in March. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
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.
