QMMM Holdings Ltd (NASDAQ:QMMM) shares, rose in value on Thursday, March 06, with the stock price up by 11.57% to the previous day’s close as strong demand from buyers drove the stock to $1.35.
Actively observing the price movement in the last trading, the stock closed the session at $1.21. Referring to stock’s 52-week performance, its high was $13.00, and the low was $0.54. On the whole, QMMM has fluctuated by 81.94% over the past month.
With the market capitalization of QMMM Holdings Ltd currently standing at about $23.23 million, investors are eagerly awaiting this quarter’s results, scheduled for in April.
The stock’s technical analysis shows that the price of QMMM currently trading nearly 61.37% and 60.71% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 72.86, while the 7-day volatility ratio is showing 20.89% which for the 30-day chart, stands at 16.08%. Furthermore, QMMM Holdings Ltd (QMMM)’s average true range (ATR) is 0.17.
Data on historical trading for QMMM Holdings Ltd (NASDAQ:QMMM) indicates that the trading volumes over the past 3 months, they’ve averaged 716.79K. According to company’s latest data on outstanding shares, there are 17.21 million shares outstanding.
Nearly 56.72% of QMMM Holdings Ltd’s shares belong to company insiders and institutional investors own 1.06% of the company’s shares. The stock has risen by 5.47% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the QMMM stock heading into the next quarter.
