In the last trading session, 2.63 million shares of the Quantum Corp (NASDAQ:QMCO) were traded, and its beta was 2.78. Most recently the company’s share price was $16.72, and it changed around $0.27 or 1.64% from the last close, which brings the market valuation of the company to $97.55M. QMCO currently trades at a discount to its 52-week high of $90.64, offering almost -442.11% off that amount. The share price’s 52-week low was $2.22, which indicates that the current value has risen by an impressive 86.72% since then. We note from Quantum Corp’s average daily trading volume that its 10-day average is 3.31 million shares, with the 3-month average coming to 1.88 million.
Quantum Corp stock received a consensus recommendation rating of Hold, based on a mean score of 3.00. If we narrow it down even further, the data shows that 0 out of 2 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 2 recommended QMCO as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. Quantum Corp is expected to report earnings per share of -1.17 for the current quarter.
Quantum Corp (NASDAQ:QMCO) trade information
Instantly QMCO has showed a green trend with a performance of 1.64% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 24.40 on recent trading dayincreased the stock’s daily price by 31.48%. The company’s shares are currently down -68.99% year-to-date, but still up 9.00% over the last five days. On the other hand, Quantum Corp (NASDAQ:QMCO) is 1.95% up in the 30-day period. We can see from the shorts that 1.24 million shares have been sold at a short interest cover period of 1.04 day(s).
The consensus price target as assigned by Wall Street analysts is $7.5, which translates to bulls needing to decrease their stock price by -122.93% from its current value. Analyst projections state that QMCO is forecast to be at a low of $7.5 and a high of $7.5.
Quantum Corp (QMCO) estimates and forecasts
The year-over-year growth rate is expected to be -10.08%, down from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 65.85M in revenue for the current quarter. 2 analysts expect Quantum Corp to make 70.07M in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at -1.79%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 18.45%.
QMCO Dividends
Quantum Corp’s next quarterly earnings report is expected to be released on 2025-Feb-11.
Quantum Corp (NASDAQ:QMCO)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 14.61% of Quantum Corp shares, and 39.83% of them are in the hands of institutional investors. The stock currently has a share float of 46.64%. Quantum Corp stock is held by 54.0 institutions, with NEUBERGER BERMAN GROUP LLC being the largest institutional investor. By 2024-06-30, it held 14.9285% of the shares, which is about 14.31 million shares worth $5.85 million.
ALLIANZ ASSET MANAGEMENT GMBH, with 10.692% or 10.25 million shares worth $4.19 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund were the top two Mutual Funds as of Dec 31, 2024 . The former held 166.09 shares worth $2.78 million, making up 2.85% of all outstanding shares. On the other hand, Vanguard Extended Market Index Fund held roughly 74.61 shares worth around $1.25 million, which represents about 1.28% of the total shares outstanding.
