QMMM Holdings Ltd. (NASDAQ:QMMM) price is hovering higher on current market day and jumping 7.73% above its previous close.
A look at today’s price movement shows that the recent level at last check reads $6.40, with intraday deals fluctuating between $5.69 and $7.45. Taking into account the 52-week price action we note that the stock hit a 52-week high of $7.70 and 52-week low of $3.00. The stock added 35.46% on its value in the past month.
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QMMM Holdings Ltd., which has a market valuation of $118.66 million, is expected to release its quarterly earnings report in October.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.
The overview shows that QMMM’s price is at present 12.49% off the SMA20 and 36.97% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 63.39, with weekly volatility standing at 12.62%. The indicator jumps to 17.85% when calculated based on the past 30 days. QMMM Holdings Ltd. (NASDAQ:QMMM)’s beta value is holding at 0, while the average true range (ATR) indicator is currently reading 0.77.
An analysis of the QMMM Holdings Ltd. (NASDAQ:QMMM) stock in terms of its daily trading volume indicates that the 3-month average is 502.51K. However, this figure increases on the past 10-day timeline to an average of 0.58 million.
Current records show that the company has 17.15M in outstanding shares. The insiders’ percentage holdings are 56.72% of outstanding shares. The stats also highlight that short interest as of 2024-09-13, stood at 0.26 million shares, which puts the short ratio at the time at 0.48. From this we can glean that short interest is 294.00 of company’s current outstanding shares. Notably, we see that shares short in September rose slightly given the previous month’s figure stood at 23427.0. But the 69.41% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.
