QMMM Holdings Ltd (NASDAQ:QMMM) shares, rose in value on Friday, May 30, with the stock price down by -17.69% to the previous day’s close as strong demand from buyers drove the stock to $1.07.
Actively observing the price movement in the last trading, the stock closed the session at $1.30. Referring to stock’s 52-week performance, its high was $13.00, and the low was $0.54. On the whole, QMMM has fluctuated by 42.95% over the past month.
With the market capitalization of QMMM Holdings Ltd currently standing at about $18.41 million, investors are eagerly awaiting this quarter’s results, scheduled for in June.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that QMMM’s technical picture suggests that short-term indicators denote the stock is a Hold 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 50% Sell.
The stock’s technical analysis shows that the price of QMMM currently trading nearly -6.97% and 9.94% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 46.61, while the 7-day volatility ratio is showing 9.80% which for the 30-day chart, stands at 10.94%. Furthermore, QMMM Holdings Ltd (QMMM)’s average true range (ATR) is 0.16.
Data on historical trading for QMMM Holdings Ltd (NASDAQ:QMMM) indicates that the trading volumes over the past 3 months, they’ve averaged 1.35 million. According to company’s latest data on outstanding shares, there are 17.21 million shares outstanding.
Nearly 0.00% of QMMM Holdings Ltd’s shares belong to company insiders and institutional investors own 1.18% of the company’s shares. The stock has fallen by -16.41% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the QMMM stock heading into the next quarter.
