In the past week, QMMM stock has gone up by 25.26%, with a monthly gain of 97.45% and a quarterly surge of 169.48%. The volatility ratio for the week is 10.93%, and the volatility levels for the last 30 days are 15.55% for QMMM Holdings Ltd. The simple moving average for the past 20 days is 40.79% for QMMM’s stock, with a 88.08% simple moving average for the past 200 days.
Is It Worth Investing in QMMM Holdings Ltd. (NASDAQ: QMMM) Right Now?
The public float for QMMM is 7.45M and currently, short sellers hold a 5.34% ratio of that float. The average trading volume of QMMM on October 23, 2024 was 572.11K shares.
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QMMM) stock’s latest price update
QMMM Holdings Ltd. (NASDAQ: QMMM)’s stock price has gone rise by 9.81 in comparison to its previous close of 9.89, however, the company has experienced a 25.26% 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.
QMMM Trading at 71.07% 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 able to rebound, for now settling with 4.42% of gains for the given period.
Volatility was left at 15.55%, however, over the last 30 days, the volatility rate increased by 10.93%, as shares surge +76.87% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +170.82% upper at present.
During the last 5 trading sessions, QMMM rose by +25.26%, in comparison to the 20-day moving average, which settled at $7.71. In addition, QMMM Holdings Ltd. saw 166.83% 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 66.62. 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 conclusion, QMMM Holdings Ltd. (QMMM) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
