Quantum Corp (NASDAQ: QMCO) is -39.31% lower on its value in year-to-date trading and has touched a low of $0.18 and a high of $0.90 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The QMCO stock was last observed hovering at around $0.21 in the last trading session, with the day’s loss setting it 0.0%.
Currently trading at $0.21, the stock is -31.00% and -44.63% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.48 million and changing 0.95% at the moment leaves the stock -49.71% off its SMA200. QMCO registered -64.12% loss for a year compared to 6-month loss of -58.39%.
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The stock witnessed a -47.04% gain in the last 1 month and extending the period to 3 months gives it a -54.07%, and is -23.65% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 20.22% over the week and 12.83% over the month.
Quantum Corp (QMCO) has around 770 employees, a market worth around $20.30M and $290.45M in sales. Profit margin for the company is -18.23%. Distance from 52-week low is 15.62% and -76.46% from its 52-week high.
with sales reaching $72.7M over the same period.The EPS is expected to grow by 62.07% this year, but quarterly earnings will post -2.10% year-over-year.
Quantum Corp (QMCO) Top Institutional Holders
63.0 institutions hold shares in Quantum Corp (QMCO), with institutional investors hold 59.53% of the company’s shares. The shares outstanding are 95.85M, and float is at 82.46M with Short Float at 0.50%. Institutions hold 51.53% of the Float.
The top institutional shareholder in the company is NEUBERGER BERMAN GROUP LLC with over 14.31 million shares valued at $5.85 million. The investor’s holdings represent 14.9285% of the QMCO Shares outstanding. As of 2024-06-30, the second largest holder is ALLIANZ ASSET MANAGEMENT GMBH with 10.25 million shares valued at $4.19 million to account for 10.692 of the shares outstanding. The other top investors are LONG FOCUS CAPITAL MANAGEMENT, LLC which holds 9.17 million shares representing 9.5713% and valued at over $3.75 million, while VANGUARD GROUP INC holds 5.2332 of the shares totaling 5.02 million with a market value of $2.05 million.
Quantum Corp (QMCO) Insider Activity
The most recent transaction is an insider sale by Cabrera Brian E, the company’s SVP Chief Admin Ofcr & Secy. SEC filings show that Cabrera Brian E sold 5,543 shares of the company’s common stock on Nov 02 ’23 at a price of $0.47 per share for a total of $2586.0. Following the sale, the insider now owns 0.22 million shares.
Quantum Corp disclosed in a document filed with the SEC on Oct 10 ’23 that Lerner James J (President & CEO) sold a total of 36,045 shares of the company’s common stock. The trade occurred on Oct 10 ’23 and was made at $0.60 per share for $21775.0. Following the transaction, the insider now directly holds 1.7 million shares of the QMCO stock.
Still, SEC filings show that on Oct 04 ’23, Cabrera Brian E (SVP Chief Admin Ofcr & Secy) disposed off 942 shares at an average price of $0.59 for $559.0. The insider now directly holds 227,430 shares of Quantum Corp (QMCO).
