Quantum Corp (NASDAQ:QMCO) price on Thursday, March 20, fall -16.20% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $16.45.
A look at the stock’s price movement, the close in the last trading session was $19.63, moving within a range at $15.5525 and $19.5. The beta value (5-Year monthly) was 3.083. Turning to its 52-week performance, $90.64 and $2.22 were the 52-week high and 52-week low respectively. Overall, QMCO moved 3.92% over the past month.
Quantum Corp’s market cap currently stands at around $95.97 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-11.
Analysts have a consensus estimate of 65.85M for the company’s revenue for the quarter, with a low and high estimate of 65.7M and 66M respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 280.18M, representing a -10.08% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that QMCO is a Hold. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
3 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 3 analyst(s) rate the stock as a Hold, 0 recommend QMCO as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
QMCO’s current price about 18.70% and -20.72% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 49.46, while 7-day volatility ratio is 29.62% and 16.91% in the 30-day chart. Further, Quantum Corp (QMCO) has a beta value of 2.67, and an average true range (ATR) of 3.32. Analysts have given the company’s stock an average 52-week price target of $7.5, forecast between a low of $7.5 and high of $7.5. Looking at the price targets, the low is 54.41% off current price level while to achieve the yearly target high, price needs to move 54.41%. Nonetheless, investors will most likely welcome a 54.41% jump to $7.5 which is the analysts’ median price.
If we refocus on Quantum Corp (NASDAQ:QMCO), historical trading data shows that trading volumes averaged 3.07 over the past 10 days and 1.97 million over the past 3 months. The company’s latest data on shares outstanding shows there are 5.31 million shares.
The 16.02% of Quantum Corp’s shares are in the hands of company insiders while institutional holders own 37.24% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.24 million on 2025-02-28, giving us a short ratio of 1.04. The data shows that as of 2025-02-28 short interest in Quantum Corp (QMCO) stood at 2819.0001999999995 of shares outstanding, with shares short falling to 1.4 million registered in 2025-01-31. Current price change has pushed the stock -69.49% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the QMCO stock continues to rise going into the next quarter.
