With 38.52 million shares changed hands, the volume of the stock remained heavier than its average volume of 80190.0 shares. During the session, the Computer Hardware company that operates in wider Technology sector, reached to the highest price of $10.5 whereas the lowest price it dropped to was $4.2001. The 52-week range on QMCO shows that it touched its highest point at $18.00 and its lowest point at $2.22 during that stretch. It currently has a 1-year price target of $5.00. Beta for the stock currently stands at 2.75.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of QMCO was up-trending over the past week, with a rise of 178.35%, but this was up by 72.59% over a month. Three-month performance surged to 115.53% while six-month performance fell -1.00%. The stock gained 49.18% in the past year, while it has gained 30.80% so far this year. A look at the trailing 12-month EPS for QMCO yields -13.18 with Next year EPS estimates of -2.08. For the next quarter, that number is -0.83. This implies an EPS growth rate of 18.53% for this year and 55.87% for next year. EPS is expected to grow by 20.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 18.45%.
Float and Shares Shorts:
At present, 4.79 million QMCO shares are outstanding with a float of 1.04 million shares on hand for trading. On 2024-10-31, short shares totaled 0.19 million, which was 393.00002 higher than short shares on 1727654400. In addition to Mr. James J. Lerner as the firm’s Chairman, President & CEO, Mr. Kenneth P. Gianella serves as its Chief Financial Officer.
Institutional Ownership:
Through their ownership of 0.47658002 of QMCO’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, QMCO reported revenue of $70469000.0 and operating income of -$6551000.0. The EBITDA in the recently reported quarter was -$6318000.0 and diluted EPS was -$2.82.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for QMCO since 3 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With QMCO analysts setting a high price target of 5.0 and a low target of 5.0, the average target price over the next 12 months is 5.0. Based on these targets, QMCO could drop -45.24% to reach the target high and fall by -45.24% to reach the target low. Reaching the average price target will result in a decline of -45.24% from current levels.
Analysts have provided yearly estimates in a range of -$2.17604 being high and -$2.22396 being low. For QMCO, this leads to a yearly average estimate of -$2.2. Based on analyst estimates, the high estimate for the next quarter is -$0.25 and the low estimate is -$0.4. The average estimate for the next quarter is thus -$0.32.
