The public float for QMMM is 7.45M, and currently, short sellers hold a 3.53% ratio of that floaft. The average trading volume of QMMM on September 30, 2024 was 502.51K shares.
QMMM) stock’s latest price update
QMMM Holdings Ltd. (NASDAQ: QMMM)’s stock price has gone decline by -4.92 in comparison to its previous close of 6.40, however, the company has experienced a 10.64% increase in its stock price over the last five trading days. prnewswire.com reported 2024-08-08 that HONG KONG, Aug. 8, 2024 /PRNewswire/ — QMMM Holdings Limited (Nasdaq: QMMM) (the “Company” or “QMMM Holdings”), a digital media advertising, virtual avatar & virtual apparel technology service provider in Hong Kong, today announced that WallachBeth Capital, LLC, as representative of the underwriters of the Company’s firm commitment initial public offering (“IPO”), has partially exercised its over-allotment option to purchase an additional 56,342 ordinary shares of the Company at the IPO price of $4.00 per share. The gross proceeds of the Company’s IPO, including the proceeds from the sale of the over-allotment shares, totaled approximately $8.83 million, before deducting underwriting discounts and other related expenses.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
QMMM’s Market Performance
The volatility ratio for the week is 12.62% while the volatility levels for the last 30 days are 17.85% for QMMM Holdings Ltd. The simple moving average for the past 20 days is -0.72% for QMMM’s stock, with a 20.88% simple moving average for the past 200 days.
QMMM Trading at 20.88% from the 50-Day Moving Average
After a stumble in the market that brought QMMM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -20.97% of loss for the given period.
Volatility was left at 17.85%, however, over the last 30 days, the volatility rate increased by 12.62%, as shares sank -10.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +37.59% upper at present.
During the last 5 trading sessions, QMMM rose by +1.82%, in comparison to the 20-day moving average, which settled at $6.09. In addition, QMMM Holdings Ltd. saw 49.51% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for QMMM
Current profitability levels for the company are sitting at:
- -0.46 for the present operating margin
- 0.22 for the gross margin
The net margin for QMMM Holdings Ltd. stands at -0.46. The total capital return value is set at 1.71.
Based on QMMM Holdings Ltd. (QMMM), the company’s capital structure generated -0.55 points at debt to capital in total, while cash flow to debt ratio is standing at -3.49. The debt to equity ratio resting at -0.36. The interest coverage ratio of the stock is -147.44.
Currently, EBITDA for the company is -1.07 million with net debt to EBITDA at -0.18. When we switch over and look at the enterprise to sales, we see a ratio of 37.74. The receivables turnover for the company is 5.41for trailing twelve months and the total asset turnover is 2.37. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.39.
Conclusion
In a nutshell, QMMM Holdings Ltd. (QMMM) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
