The public float for QMMM is 7.45M, and currently, shorts hold a 2.10% of that float. The average trading volume for QMMM on December 26, 2024 was 3.00M shares.
QMMM) stock’s latest price update
The stock price of QMMM Holdings Ltd (NASDAQ: QMMM) has jumped by 18.33 compared to previous close of 0.60. Despite this, the company has seen a gain of 18.33% 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 18.33% rise in stock performance for the week, with a -34.86% decline in the past month and a -88.85% plunge in the past quarter. The volatility ratio for the week is 14.83%, and the volatility levels for the past 30 days are at 20.33% for QMMM. The simple moving average for the past 20 days is -9.67% for QMMM’s stock, with a -86.40% simple moving average for the past 200 days.
QMMM Trading at -85.59% 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 -94.54% of loss for the given period.
Volatility was left at 20.33%, however, over the last 30 days, the volatility rate increased by 14.83%, as shares sank -27.00% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -91.58% lower at present.
During the last 5 trading sessions, QMMM rose by +21.67%, in comparison to the 20-day moving average, which settled at $0.7870. In addition, QMMM Holdings Ltd saw -82.56% in overturn over a single year, with a tendency to cut further losses.
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.
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 4.42. 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 bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
