During the last session, Quantum Corp (NASDAQ:QMCO)’s traded shares were 1.16 million, with the beta value of the company hitting 2.87. At the end of the trading day, the stock’s price was $15.39, reflecting an intraday gain of 2.53% or $0.38. The 52-week high for the QMCO share is $90.64, that puts it down -488.95 from that peak though still a striking 85.58% gain since the share price plummeted to a 52-week low of $2.22. The company’s market capitalization is $89.79M, and the average intraday trading volume over the past 10 days was 3.29 million shares, and the average trade volume was 1.79 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 -1.17.
Quantum Corp (NASDAQ:QMCO) trade information
Quantum Corp (QMCO) registered a 2.53% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 2.53% in intraday trading to $15.39, hitting a weekly high. The stock’s 5-day price performance is -6.44%, and it has moved by 13.08% in 30 days. Based on these gigs, the overall price performance for the year is 14.85%. The short interest in Quantum Corp (NASDAQ:QMCO) is 1.46 million shares and it means that shorts have 1.19 day(s) to cover.
The consensus price target of analysts on Wall Street is $7.5, which implies a decrease of -105.2% 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 51.27% off the target high and 51.27% off the low.
Quantum Corp (QMCO) estimates and forecasts
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 10.86% in 2025.
QMCO Dividends
Quantum Corp is due to release its next quarterly earnings on 2025-Feb-11. 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 14.61% of total outstanding shares while institutional holders control 39.83%, with the float percentage being 46.64%. NEUBERGER BERMAN GROUP LLC is the largest shareholder of the company, while 54.0 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.
Also, the Mutual Funds coming in first place with the largest holdings of Quantum Corp (QMCO) shares are VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard Extended Market Index Fund . Data provided on Dec 31, 2024 indicates that VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund owns about 166.09 shares. This amounts to just over 2.85 percent of the company’s overall shares, with a $2.56 million market value. The same data shows that the other fund manager holds slightly less at 74.61, or about 1.28% of the stock, which is worth about $1.15 million.
