Quantum Corp (NASDAQ:QMCO) price on Friday, May 02, rose 1.91% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $11.19.
A look at the stock’s price movement, the close in the last trading session was $10.98, moving within a range at $11.08 and $11.65. The beta value (5-Year monthly) was 2.829. Turning to its 52-week performance, $90.64 and $2.22 were the 52-week high and 52-week low respectively. Overall, QMCO moved -14.65% over the past month.
Quantum Corp’s market cap currently stands at around $73.03 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-11.
Turning to the stock’s technical picture we see that short term indicators suggest on average that QMCO is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
3 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 3 analyst(s) rate the stock as a Hold, 0 recommend QMCO as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
QMCO’s current price about 1.43% and -13.46% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 44.90, while 7-day volatility ratio is 6.63% and 10.68% in the 30-day chart. Further, Quantum Corp (QMCO) has a beta value of 2.82, and an average true range (ATR) of 1.42. Analysts have given the company’s stock an average 52-week price target of $7.5, forecast between a low of $7.5 and high of $7.5. Looking at the price targets, the low is 32.98% off current price level while to achieve the yearly target high, price needs to move 32.98%. Nonetheless, investors will most likely welcome a 32.98% jump to $7.5 which is the analysts’ median price.
If we refocus on Quantum Corp (NASDAQ:QMCO), historical trading data shows that trading volumes averaged 0.54 over the past 10 days and 1.23 million over the past 3 months. The company’s latest data on shares outstanding shows there are 6.53 million shares.
The 16.21% of Quantum Corp’s shares are in the hands of company insiders while institutional holders own 18.56% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.52 million on 2025-04-15, giving us a short ratio of 0.96. The data shows that as of 2025-04-15 short interest in Quantum Corp (QMCO) stood at 2665.0 of shares outstanding, with shares short rising to 1.46 million registered in 2025-03-14. Current price change has pushed the stock -79.25% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the QMCO stock continues to rise going into the next quarter.
