The public float for QMMM is 7.45M, and currently, shorts hold a 9.50% of that float. The average trading volume for QMMM on November 05, 2024 was 605.00K shares.
QMMM) stock’s latest price update
QMMM Holdings Ltd (NASDAQ: QMMM)’s stock price has soared by 5.09 in relation to previous closing price of 11.40. Nevertheless, the company has seen a gain of 34.76% 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.
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QMMM’s Market Performance
QMMM Holdings Ltd (QMMM) has seen a 34.76% rise in stock performance for the week, with a 59.73% gain in the past month and a 184.56% surge in the past quarter. The volatility ratio for the week is 15.47%, and the volatility levels for the past 30 days are at 14.66% for QMMM. The simple moving average for the past 20 days is 30.21% for QMMM’s stock, with a 91.30% simple moving average for the past 200 days.
QMMM Trading at 63.15% 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 -1.16% of loss for the given period.
Volatility was left at 14.66%, however, over the last 30 days, the volatility rate increased by 15.47%, as shares surge +75.92% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +152.21% upper at present.
During the last 5 trading sessions, QMMM rose by +34.76%, in comparison to the 20-day moving average, which settled at $9.20. In addition, QMMM Holdings Ltd saw 194.35% 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 73.48. 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 had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
