Quantum Corp (NASDAQ: QMCO) is 149.43% higher on its value in year-to-date trading and has touched a low of $2.22 and a high of $33.00 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 QMCO stock was last observed hovering at around $17.86 in the last trading session, with the day’s loss setting it -0.45%.
Currently trading at $17.41, the stock is 144.61% and 234.78% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.41 million and changing -2.52% at the moment leaves the stock 127.93% off its SMA200. QMCO registered 201.21% gain for a year compared to 6-month loss of 89.24%. The firm has a 50-day simple moving average (SMA 50) of $5.2022 and a 200-day simple moving average (SMA200) of $7.642.
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The stock witnessed a 258.97% gain in the last 1 month and extending the period to 3 months gives it a 465.26%, and is 333.08% 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 89.87% over the week and 35.51% over the month.
Quantum Corp (QMCO) has around 770 employees, a market worth around $82.28M and $285.24M in sales. Profit margin for the company is -22.14%. Distance from 52-week low is 684.23% and -47.24% from its 52-week high.
The EPS is expected to grow by 18.53% this year.
Quantum Corp (QMCO) Top Institutional Holders
47.0 institutions hold shares in Quantum Corp (QMCO), with institutional investors hold 55.25% of the company’s shares. The shares outstanding are 4.79M, and float is at 1.04M with Short Float at 21.12%. Institutions hold 47.66% 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
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