QMMM Holdings Ltd (QMMM) down -68.80% since start of the year

QMMM Holdings Ltd (NASDAQ: QMMM) is -68.80% lower on its value in year-to-date trading and has touched a low of $1.56 and a high of $13.00 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 QMMM stock was last observed hovering at around $1.73 in the last trading session, with the day’s loss setting it -0.46%.

Currently trading at $1.27, the stock is -85.74% and -83.74% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.51 million and changing -26.59% at the moment leaves the stock -80.44% off its SMA200. The firm has a 50-day simple moving average (SMA 50) of $7.9297 and a 200-day simple moving average (SMA200) of $6.554244.

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The stock witnessed a -87.16% in the last 1 month and extending the period to 3 months gives it a -75.29%, and is -89.30% 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 103.39% over the week and 45.98% over the month.

QMMM Holdings Ltd (QMMM) has around 28 employees, a market worth around $21.86M and $0.45M in sales. Profit margin for the company is -23.49%. Distance from 52-week low is -18.59% and -90.23% from its 52-week high.