Quantum Corp (NASDAQ: QMCO) is 559.03% higher on its value in year-to-date trading and has touched a low of $2.22 and a high of $64.20 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 $36.03 in the last trading session, with the day’s gains setting it 9.97%.
Currently trading at $46.00, the stock is 114.42% and 314.32% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.48 million and changing 27.67% at the moment leaves the stock 432.02% off its SMA200. QMCO registered 616.29% gain for a year compared to 6-month loss of 440.67%. The firm has a 50-day simple moving average (SMA 50) of $11.1024 and a 200-day simple moving average (SMA200) of $8.65135.
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The stock witnessed a 1423.18% gain in the last 1 month and extending the period to 3 months gives it a 1315.38%, and is 155.98% 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 75.34% over the week and 56.04% over the month.
Quantum Corp (QMCO) has around 770 employees, a market worth around $284.75M and $285.24M in sales. Profit margin for the company is -22.14%. Distance from 52-week low is 1972.07% and -28.35% from its 52-week high.
with sales reaching $72M over the same period.The EPS is expected to grow by 18.53% this year, but quarterly earnings will post -10.14% year-over-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 4.12M with Short Float at 16.83%. 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
The most recent transaction is an insider sale by Gianella Kenneth P., the company’s Chief Financial Officer. SEC filings show that Gianella Kenneth P. sold 2,590 shares of the company’s common stock on Nov 08 ’24 at a price of $4.43 per share for a total of $11474.0. Following the sale, the insider now owns 33910.0 shares.
Quantum Corp disclosed in a document filed with the SEC on Nov 08 ’24 that Spanjaard Henk Jan (Chief Revenue Officer) sold a total of 394 shares of the company’s common stock. The trade occurred on Nov 08 ’24 and was made at $4.43 per share for $1745.0. Following the transaction, the insider now directly holds 15662.0 shares of the QMCO stock.
Still, SEC filings show that on Nov 08 ’24, Lerner James J (President & CEO) disposed off 6,505 shares at an average price of $4.43 for $28817.0. The insider now directly holds 107,491 shares of Quantum Corp (QMCO).
