QMMM Holdings Ltd [NASDAQ: QMMM] stock went on an upward path that rose over 45.70% on Thursday, amounting to a one-week price increase of more than 45.21%.
The market cap for the stock reached $18.24 million, with 17.21 million shares outstanding and 7.45 million shares in the current float. Compared to the average trading volume of 644.79K shares, QMMM stock reached a trading volume of 16373237 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on QMMM Holdings Ltd [QMMM]:
The Average True Range (ATR) for QMMM Holdings Ltd is set at 0.12, with the Price to Sales ratio for QMMM stock in the period of the last 12 months amounting to 52.12. The Price to Book ratio for the last quarter was 26.80, with the Price to Cash per share for the same quarter was set at 0.00.
QMMM Stock Performance Analysis:
QMMM Holdings Ltd [QMMM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 45.21. With this latest performance, QMMM shares gained by 43.24% in over the last four-week period, additionally sinking by -91.15% over the last 6 months.
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 QMMM stock in for the last two-week period is set at 66.26, with the RSI for the last a single of trading hit 77.81, and the three-weeks RSI is set at 58.49 for QMMM Holdings Ltd [QMMM]. The present Moving Average for the last 50 days of trading for this stock 0.9731, while it was recorded at 0.7946 for the last single week of trading, and 3.2930 for the last 200 days.
Insight into QMMM Holdings Ltd Fundamentals:
QMMM Holdings Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 6.05 and a Current Ratio set at 6.05.
