The stock price of Quantum Corp (NASDAQ: QMCO) has surged by 12.21 when compared to previous closing price of 0.47, but the company has seen a 8.97% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-15 that Quantum (QMCO) adds a new filesharing technology to its Myriad and StorNext solutions. The technology is available as part of QMCO’s broadened collaboration with Tuxera.
Is It Worth Investing in Quantum Corp (NASDAQ: QMCO) Right Now?
QMCO has 36-month beta value of 2.65. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for QMCO is 80.88M, and currently, short sellers hold a 0.37% ratio of that float. The average trading volume of QMCO on May 09, 2024 was 518.71K shares.
QMCO’s Market Performance
QMCO’s stock has seen a 8.97% increase for the week, with a 2.36% rise in the past month and a 41.61% gain in the past quarter. The volatility ratio for the week is 12.77%, and the volatility levels for the past 30 days are at 11.50% for Quantum Corp The simple moving average for the last 20 days is 19.04% for QMCO stock, with a simple moving average of 2.18% for the last 200 days.
Analysts’ Opinion of QMCO
B. Riley Securities, on the other hand, stated in their research note that they expect to see QMCO reach a price target of $4, previously predicting the price at $15. The rating they have provided for QMCO stocks is “Neutral” according to the report published on February 10th, 2022.
QMCO Trading at 3.19% from the 50-Day Moving Average
After a stumble in the market that brought QMCO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -59.89% of loss for the given period.
Volatility was left at 11.50%, however, over the last 30 days, the volatility rate increased by 12.77%, as shares sank -1.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.68% upper at present.
During the last 5 trading sessions, QMCO rose by +8.97%, which changed the moving average for the period of 200-days by -51.51% in comparison to the 20-day moving average, which settled at $0.4437. In addition, Quantum Corp saw 51.43% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at QMCO starting from Cabrera Brian E, who sale 5,543 shares at the price of $0.47 back on Nov 02 ’23. After this action, Cabrera Brian E now owns 221,887 shares of Quantum Corp, valued at $2,586 using the latest closing price.
Lerner James J, the President & CEO of Quantum Corp, sale 36,045 shares at $0.60 during a trade that took place back on Oct 10 ’23, which means that Lerner James J is holding 1,704,908 shares at $21,775 based on the most recent closing price.
Stock Fundamentals for QMCO
Current profitability levels for the company are sitting at:
- -0.04 for the present operating margin
- 0.35 for the gross margin
The net margin for Quantum Corp stands at -0.09. The total capital return value is set at -0.2.
Based on Quantum Corp (QMCO), the company’s capital structure generated 6.69 points at debt to capital in total, while cash flow to debt ratio is standing at 0.02. The debt to equity ratio resting at -1.18. The interest coverage ratio of the stock is -1.52.
Currently, EBITDA for the company is -12.33 million with net debt to EBITDA at -12.51. When we switch over and look at the enterprise to sales, we see a ratio of 0.44. The receivables turnover for the company is 4.65for trailing twelve months and the total asset turnover is 1.46. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.05.
Conclusion
To put it simply, Quantum Corp (QMCO) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
