In the latest trading session, 2.37 million Quantum Corp (NASDAQ:QMCO) shares changed hands as the company’s beta touched 2.81. With the company’s most recent per share price at $18.07 changing hands around $2.73 or 17.76% at last look, the market valuation stands at $105.40M. QMCO’s current price is a discount, trading about -401.6% 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 87.71% up since then. When we look at Quantum Corp’s average trading volume, we note the 10-day average is 1.35 million shares, with the 3-month average coming to 2.29 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’s EPS for the current quarter is expected to be -1.17.
Quantum Corp (NASDAQ:QMCO) trade information
Instantly QMCO is in green as seen in intraday trades today. With action 67.42%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -66.50%, with the 5-day performance at 67.42% in the green. However, in the 30-day time frame, Quantum Corp (NASDAQ:QMCO) is -9.18% down. Looking at the short shares, we see there were 1.24 million shares sold at short interest cover period of 1.04 days.
The consensus price target for the stock as assigned by Wall Street analysts is 7.5, meaning bulls need a downside of -140.93% from its recent 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 58.49% surge from its current level, while the stock would need to tank 58.49% for it to hit the projected low.
Quantum Corp (QMCO) estimates and forecasts
Year-over-year growth is forecast to reach -10.08% down from the last financial year.
Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of 65.85M. 2 analysts are of the opinion that Quantum Corp’s revenue for the current quarter will be 70.07M. The estimates for the next quarter sales put growth at -1.79%.
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 10.86%.
Quantum Corp (NASDAQ:QMCO)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 14.61% of Quantum Corp shares while 39.83% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 46.64%. There are 39.83% 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.
Among Mutual Funds, the top two as of Dec 31, 2024 were Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. With 166.09 shares estimated at $3.02 million under it, the former controlled 2.85% of total outstanding shares. On the other hand, Vanguard Extended Market Index Fund held about 1.28% of the shares, roughly 74.61 shares worth around $1.36 million.
