Quantum Corp (NASDAQ:QMCO) shares, rose in value on Friday, March 28, with the stock price down by -8.06% to the previous day’s close as strong demand from buyers drove the stock to $14.15.
Actively observing the price movement in the last trading, the stock closed the session at $15.39, falling within a range of $14.07 and $15.365. The value of beta (5-year monthly) was 3.083. Referring to stock’s 52-week performance, its high was $90.64, and the low was $2.22. On the whole, QMCO has fluctuated by 18.41% over the past month.
With the market capitalization of Quantum Corp currently standing at about $82.56 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-11.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 280.18M, with a low estimate of 65.7M and a high estimate of 66M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 65.85M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that QMCO’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the price of QMCO currently trading nearly -3.30% and -25.63% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 44.19, while the 7-day volatility ratio is showing 12.77% which for the 30-day chart, stands at 17.19%. Furthermore, Quantum Corp (QMCO)’s beta value is 2.85, and its average true range (ATR) is 2.88.
A comparison of Quantum Corp (QMCO) with its peers suggests the former has fared considerably weaker in the market. QMCO showed an intraday change of -8.06% in last session, and over the past year, it grew by 18.21%%.
Data on historical trading for Quantum Corp (NASDAQ:QMCO) indicates that the trading volumes over the past 10 days have averaged 2.71 and over the past 3 months, they’ve averaged 1.71 million. According to company’s latest data on outstanding shares, there are 5.31 million shares outstanding.
Nearly 16.02% of Quantum Corp’s shares belong to company insiders and institutional investors own 37.24% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.46 million shares as on 2025-03-14, resulting in a short ratio of 1.19. According to the data, the short interest in Quantum Corp (QMCO) stood at 3319.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 1.34 million. The stock has fallen by -73.76% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the QMCO stock heading into the next quarter.
