With 0.77 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.31 million shares. The 52-week range on QMCO shows that it touched its highest point at $90.64 and its lowest point at $2.22 during that stretch. It currently has a 1-year price target of $19.00. Beta for the stock currently stands at 3.06.
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 down-trending over the past week, with a drop of -11.37%, but this was down by -58.34% over a month. Three-month performance surged to 349.34% while six-month performance rose 233.58%. The stock gained 60.29% in the past year, while it has lost -74.83% so far this year. A look at the trailing 12-month EPS for QMCO yields -25.68 with Next year EPS estimates of -1.06. For the next quarter, that number is -1.17. This implies an EPS growth rate of 10.86% for this year and 79.40% for next year.
Float and Shares Shorts:
At present, 5.31 million QMCO shares are outstanding with a float of 4.62 million shares on hand for trading.
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.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$2.19523 being high and -$2.20477 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 -$0.15 and the low estimate is -$0.72. The average estimate for the next quarter is thus -$0.44.
