QMMM Holdings Ltd (NASDAQ:QMMM) price on Wednesday, July 02, rose 1.42% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $1.43.
A look at the stock’s price movement, the close in the last trading session was $1.41. Turning to its 52-week performance, $13.00 and $0.54 were the 52-week high and 52-week low respectively. Overall, QMMM moved 25.44% over the past month.
QMMM Holdings Ltd’s market cap currently stands at around $24.61 million, with investors looking forward to this quarter’s earnings report slated for in August.
Turning to the stock’s technical picture we see that short term indicators suggest on average that QMMM is a 50% Buy. 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 Hold category.
QMMM’s current price about 26.03% and 32.74% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 68.45, while 7-day volatility ratio is 9.25% and 11.47% in the 30-day chart. Further, QMMM Holdings Ltd (QMMM) has a beta value of -2.25.
If we refocus on QMMM Holdings Ltd (NASDAQ:QMMM), historical trading data shows that trading volumes averaged 2.22 million over the past 3 months. The company’s latest data on shares outstanding shows there are 48.95 million shares.
The 0.00% of QMMM Holdings Ltd’s shares are in the hands of company insiders while institutional holders own 1.18% of the company’s shares. It is this reason that could see investor optimism for the QMMM stock continues to rise going into the next quarter.
