Quantum Corp (NASDAQ:QMCO) has a beta value of 3.00 and has seen 1.77 million shares traded in the last trading session. The company, currently valued at $100.10M, closed the last trade at $17.17 per share which meant it lost -$2.72 on the day or -13.68% during that session. The QMCO stock price is -427.9% off its 52-week high price of $90.64 and 87.07% above the 52-week low of $2.22. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.27 million shares traded. The 3-month trading volume is 3.79 million shares.
The consensus among analysts is that Quantum Corp (QMCO) is Hold stock at the moment, with a recommendation rating of 3.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 3 out of 3 have rated it as a Hold, with 0 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -1.17.
Quantum Corp (NASDAQ:QMCO) trade information
Sporting -13.68% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the QMCO stock price touched $17.17 or saw a rise of 32.56%. Year-to-date, Quantum Corp shares have moved -68.16%, while the 5-day performance has seen it change -9.15%. Over the past 30 days, the shares of Quantum Corp (NASDAQ:QMCO) have changed -48.75%. Short interest in the company has seen 1.4 million shares shorted with days to cover at 0.78.
Wall Street analysts have a consensus price target for the stock at $7.5, which means that the shares’ value could drop -128.93% from current levels. The projected low price target is $7.5 while the price target rests at a high of $7.5. In that case, then, we find that the current price level is 56.32% off the targeted high while a plunge would see the stock lose 56.32% from current levels.
Quantum Corp (QMCO) estimates and forecasts
The company’s shares have gained 195.22% over the past 6 months. Revenue growth from the last financial year stood is estimated to be -10.08%.
2 analysts offering their estimates for the company have set an average revenue estimate of 65.85M for the current quarter. 2 have an estimated revenue figure of 70.07M for the next ending quarter.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 18.45% over the past 5 years.
QMCO Dividends
Quantum Corp is expected to release its next earnings report in March this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Quantum Corp (NASDAQ:QMCO)’s Major holders
Insiders own 14.61% of the company shares, while shares held by institutions stand at 45.06% with a share float percentage of 52.77%. Investors are also buoyed by the number of investors in a company, with Quantum Corp having a total of 54.0 institutions that hold shares in the company. The top two institutional holders are NEUBERGER BERMAN GROUP LLC with over 14.31 million shares worth more than $5.85 million. As of 2024-06-30, NEUBERGER BERMAN GROUP LLC held 14.9285% of shares outstanding.
The other major institutional holder is ALLIANZ ASSET MANAGEMENT GMBH, with the holding of over 10.25 million shares as of 2024-06-30. The firm’s total holdings are worth over $4.19 million and represent 10.692% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are 180 Degree Capital Corp and Vanguard Total Stock Market Index Fund . As of Sep 30, 2024 , the former fund manager holds about 3.83% shares in the company for having 223.36 shares of worth $3.84 million while later fund manager owns 166.09 shares of worth $2.85 million as of Sep 30, 2024 , which makes it owner of about 2.85% of company’s outstanding stock.
