Quantum Corp [NASDAQ: QMCO] traded at a high on Friday, posting a 127.11 gain after which it closed the day’ session at $9.13.
The results of the trading session contributed to over 38518349 shares changing hands. Over the past one week, the price volatility of Quantum Corp stands at 49.77% while the volatility over the past one month is 23.97%.
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The market cap for QMCO stock reached $100.54 million, with 4.79 million shares outstanding and 1.04 million shares in the current float. Compared to the average trading volume of 80.19K shares, QMCO reached a trading volume of 38518349 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Quantum Corp [QMCO]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for QMCO shares is $5.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on QMCO stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Oppenheimer have made an estimate for Quantum Corp shares, keeping their opinion on the stock as Perform, with their previous recommendation back on February 10, 2022. While these analysts kept the previous recommendation, B. Riley Securities raised their target price from $15 to $4. The new note on the price target was released on February 10, 2022, representing the official price target for Quantum Corp stock.
The Average True Range (ATR) for Quantum Corp is set at 1.10, with the Price to Sales ratio for QMCO stock in the period of the last 12 months amounting to 0.35.
How has QMCO stock performed recently?
Quantum Corp [QMCO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 178.35. With this latest performance, QMCO shares gained by 72.59% in over the last four-week period, additionally sinking by -1.00% over the last 6 months – not to mention a rise of 49.18% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for QMCO stock in for the last two-week period is set at 76.27, with the RSI for the last a single of trading hit 81.68, and the three-weeks RSI is set at 72.10 for Quantum Corp [QMCO]. The present Moving Average for the last 50 days of trading for this stock 4.00, while it was recorded at 4.42 for the last single week of trading, and 7.48 for the last 200 days.
Quantum Corp [QMCO]: Deeper insight into the fundamentals
Quantum Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 0.81.
Earnings analysis for Quantum Corp [QMCO]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for QMCO. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Quantum Corp go to 20.00%.
Insider trade positions for Quantum Corp [QMCO]
There are presently around $47.66%, or 55.25%% of QMCO stock, in the hands of institutional investors. The top three institutional holders of QMCO stocks are: NEUBERGER BERMAN GROUP LLC with ownership of 14.31 million shares, which is approximately 14.9285%. ALLIANZ ASSET MANAGEMENT GMBH, holding 10.25 million shares of the stock with an approximate value of $$4.19 million in QMCO stocks shares; and ALLIANZ ASSET MANAGEMENT GMBH, currently with $$3.75 million in QMCO stock with ownership which is approximately 9.5713%.
