QMMM Holdings Ltd (NASDAQ: QMMM) is 140.54% higher on its value in year-to-date trading and has touched a low of $3.00 and a high of $13.00 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The QMMM stock was last observed hovering at around $11.87 in the last trading session, with the day’s loss setting it -2.08%.
Currently trading at $9.79, the stock is -1.71% and 23.10% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.53 million and changing -17.52% at the moment leaves the stock 48.78% off its SMA200. The firm has a 50-day simple moving average (SMA 50) of $7.8743 and a 200-day simple moving average (SMA200) of $6.5411587.
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The stock witnessed a 12.92% in the last 1 month and extending the period to 3 months gives it a 143.53%, and is 26.16% up 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 56.38% over the week and 26.94% over the month.
QMMM Holdings Ltd (QMMM) has around 28 employees, a market worth around $168.49M and $0.45M in sales. Profit margin for the company is -23.49%. Distance from 52-week low is 226.33% and -24.69% from its 52-week high.
The shares outstanding are 17.15M, and float is at 7.45M with Short Float at 4.00%.
