The stock of Quantum Corporation (NASDAQ:QMCO) last traded at $1.58, up 7.48% from the previous session.
Data from the available sources indicates that Quantum Corporation (NASDAQ:QMCO) is covered by 4 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $6.00 and a low of $2.75, we find $3.50. Given the previous closing price of $1.47, this indicates a potential upside of 138.1 percent. QMCO stock price is now 26.83% away from the 50-day moving average and 0.37% away from the 200-day moving average. The market capitalization of the company currently stands at $152.60M.
In total, 2 analysts have assigned it a hold rating, and 2 have given it a buy rating. Brokers who have rated the stock have averaged $4.08 as their price target over the next twelve months.
On February 10, 2022, B. Riley Securities Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $15 to quote $4, while ‘Northland Capital’ rates the stock as ‘Outperform’.
In other news, Cabrera Brian E, SVP Chief Admin Ofcr & Secy sold 863 shares of the company’s stock on Nov 02. The stock was sold for $1,200 at an average price of $1.39. Upon completion of the transaction, the SVP Chief Admin Ofcr & Secy now directly owns 274,961 shares in the company, valued at $0.43 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 11, Chief Accounting Officer Moorehead Lewis W. sold 2,370 shares of the business’s stock. A total of $2,726 was realized by selling the stock at an average price of $1.15. This leaves the insider owning 201,553 shares of the company worth $0.32 million. Insiders disposed of 277,863 shares of company stock worth roughly $0.44 million over the past 1 year. A total of 4.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in QMCO stock. A new stake in Quantum Corporation shares was purchased by ACADIAN ASSET MANAGEMENT LLC during the first quarter worth $336,000. BRIDGEWAY CAPITAL MANAGEMENT, LLC invested $332,000 in shares of QMCO during the first quarter. In the first quarter, RENAISSANCE TECHNOLOGIES LLC acquired a new stake in Quantum Corporation valued at approximately $164,000. AMERIPRISE FINANCIAL INC acquired a new stake in QMCO for approximately $85,000. Y-INTERCEPT (HONG KONG) LTD purchased a new stake in QMCO valued at around $43,000 in the second quarter. In total, there are 121 active investors with 64.50% ownership of the company’s stock.
With an opening price of $1.4300 on Friday morning, Quantum Corporation (NASDAQ: QMCO) set off the trading day. During the past 12 months, Quantum Corporation has had a low of $1.00 and a high of $5.67. The fifty day moving average price for QMCO is $1.2490 and a two-hundred day moving average price translates $1.5706 for the stock.
The latest earnings results from Quantum Corporation (NASDAQ: QMCO) was released for Jun, 2022. According to the Computer Hardware Company, earnings per share came in at -$0.04, inline with analysts’ expectations of -$0.04. This compares to -$0.16 EPS in the same period last year. The net profit margin was -10.70% and return on equity was 41.70% for QMCO. The company reported revenue of $99.14 million for the quarter, compared to $93.18 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.39 percent. For the current quarter, analysts expect QMCO to generate $94.53M in revenue.
Quantum Corporation(QMCO) Company Profile
Quantum Corporation provides products for storing and managing digital video and unstructured data in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers CatDV, an asset management and workflow orchestration platform that provides asset management, automation, and collaboration tools for organization that manages large volumes of digital media; StorNext software systems that enable high-speed ingest, editing, processing, and management of digital video and image datasets; and Scalar tape systems that provide long-term data storage facility to archive and preserve digital content for decades. It also provides DXi backup appliances for backup storage and multi-site disaster recovery; portfolio of products designed for the capture and analysis of video surveillance and security, including video recording servers, as well as hyperconverged storage systems for video surveillance management and recording; and appliances designed for video surveillance analytics and to run various types of access control systems. In addition, the company offers managed services, customer support agreements, software subscriptions, installation, and consulting and training services; and object storage systems for online content repositories, such as media archives, genome sequencing data repositories, and big data lakes. Further, it sells linear tape-open (LTO) tape cartridges, as well as standalone LTO tape drives for small business and desktop use. The company sells its products through a network of distributors, value-added resellers, direct marketing resellers, original equipment manufacturers, and other suppliers, as well as directly to corporate entities and government agencies. Quantum Corporation was founded in 1980 and is headquartered in San Jose, California.