Quantum Corporation (NASDAQ:QMCO) went up by 3.75% during the previous trading session, and it is maintaining the win ahead of Wednesday’s trading session. The share price of the Computer Hardware giant went up by $4.01 to trade ended Wednesday trading at $3.87. This is up from the $3.87 price recorded on Tuesday’s trading session. Its performance from the start of the year has also been negative, with QMCO down by -45.89% year-to-date.
Quantum Corporation (QMCO) started the day trading at $3.86 and recorded an intraday high of $4.05. It also recorded an intraday low of $3.86 during Wednesday’s trading session. Quantum Corporation is a very active stock that recorded a trading volume that is less than -91.17% of the average daily trading volume on Wednesday. The stock’s trading volume on Wednesday was 200647, which is less than -91.17 of the total average daily trading volume of 383.57K.
Quantum Corporation (NASDAQ:QMCO) 2020 Performance Impressive
The increase in QMCO’s stock price on Wednesday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of QMCO currently stands at $8.52, which is higher than the current trading price of the stock by 52.93%. However, QMCO’s current trading price is -218.25% lower than the 52-week low price of $1.26. In terms of trading volume, Quantum Corporation currently experienced healthy participation during the last trading session. 200647 shares of Quantum Corporation were traded on the stock exchange on Wednesday, which is less than -91.17% of the 383.57K average trading volume of the stock.
The performance of the stock has been positive over the past year. QMCO’s performance over the past one year has seen it surge by 46.00%, while the stock has gone down by -44.62% in the last six months. The quarterly performance of QMCO currently stands at 34.28%, and it is down by -14.39% in the last month. The only positive figure was from the weekly performance, which currently reads 4.02%. At the time of writing QMCO’s report, the company has a total market cap of $149.12M, making it one of the largest publicly-traded companies in the world.Quantum Corporation also has over 829 employees all over the world.
QMCO Insider Activities
For Quantum Corporation, insiders hold 49.40% of all company shares. The insider transactions over the past six months are down by -8,674.80%. During that period, insiders bought 4,356,212 shares in 43 transactions. In that same period, insiders sold 969,900 of their shares in 1 transactions. After these transactions, insiders at Quantum Corporation now hold 3.41M shares, which is over 38.14% of the total company stocks. Institutional investors currently hold a large chunk of the QMCO shares, as they control 8.54% of the company’s total stock.
QMCO Fundamental Analysis
For Quantum Corporation, the stock’s diluted earnings per share (EPS) stands at -0.16. In the coming year, analysts expect the EPS to be 0.35. The EPS growth will up over the next five years to 20.00% after plunging by -17.80% in the previous five years. In terms of revenue, Quantum Corporation’s quarterly sales (YOY) is shrinking at -0.19, which is higher than the average annual revenue of -17.80% over the past half a decade.
The Return on Investment (ROI) on Quantum Corporation’s stock currently stands at -45.90%, and it has a net profit margin of -1.30%. The operating margin of the company is 5.20%, and its gross margin is 42.80%.
QMCO Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of QMCO currently stands at -6.39%, while the SMA50 is -1.78%. The biggest one is the SMA200, which is currently reading -22.16% ahead of Wednesday’s trading session. The Relative Strength Index of this stock is 46.57.