Quipt Home Medical Corp (QIPT) Stock Could Soon Reward Patient Investors

Quipt Home Medical Corp (NASDAQ: QIPT) is -43.81% lower on its value in year-to-date trading and has touched a low of $2.61 and a high of $6.01 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 QIPT stock was last observed hovering at around $2.79 in the last trading session, with the day’s gains setting it 0.07%.

Currently trading at $2.86, the stock is -6.52% and -11.32% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.16 million and changing 2.51% at the moment leaves the stock -28.47% off its SMA200. QIPT registered -51.61% loss for a year compared to 6-month loss of -31.90%.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

The stock witnessed a -25.13% gain in the last 1 month and extending the period to 3 months gives it a -14.88%, and is 0.00% 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 4.85% over the week and 6.38% over the month.

Quipt Home Medical Corp (QIPT) has around 1200 employees, a market worth around $121.75M and $255.81M in sales. Fwd P/E is 1191.67. Profit margin for the company is -1.95%. Distance from 52-week low is 9.58% and -52.45% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.73%).

The EPS is expected to shrink by -26.19% this year.

Quipt Home Medical Corp (QIPT) Top Institutional Holders

123.0 institutions hold shares in Quipt Home Medical Corp (QIPT), with institutional investors hold 52.10% of the company’s shares. The shares outstanding are 42.10M, and float is at 40.54M with Short Float at 2.06%. Institutions hold 50.01% of the Float.

The top institutional shareholder in the company is CLARET ASSET MANAGEMENT CORP with over 4.56 million shares valued at $14.71 million. The investor’s holdings represent 10.8195% of the QIPT Shares outstanding. As of 2024-06-30, the second largest holder is FORAGER CAPITAL MANAGEMENT, LLC with 2.36 million shares valued at $$7.6 million to account for 5.592 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 2.0 million shares representing 4.7476% and valued at over $6.45 million, while ROYCE & ASSOCIATES LP holds 3.6217 of the shares totaling 1.53 million with a market value of $4.92 million.