Quantum (QMCO) Stock Price, News & Analysis

Company Overview

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 Myriad All-Flash File and Object Storage Software for high performance enterprise unstructured data applications such as AI, machine learning, and data analytics; Unified Surveillance Platform Software that unified compute and storage for video surveillance recording, storage, and analytics; StorNext Hybrid Flash/Disk File Storage Software for video editing, post-production, and streaming applications, as well as digital file archives; and CatDV Asset Management Software for indexing, cataloging, enriching video, audio, and image files, and workflow orchestration. It also provides ActiveScale Object Storage Software that scalable and durable storage for long term data preservation and protection; DXi Backup Appliances to build backup appliances for high-speed backup and recovery and multisite data protection; and Scalar Tape Storage that secure storage for long term data archiving and offline data protection which are used by hyperscalers and enterprises. In addition, the company sells linear tape-open (LTO) a tape drives for small business data protection and archiving; and LTO media for use in tape storage systems. Further, it offers global support, managed services, customer support agreements, software subscriptions, installation, education, and consulting and training services, as well as Quantum-as-a-Service. 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. It has a partnership with Tiger Surveillance to deliver end-to-end solutions for long-term retention and archiving of video surveillance data. Quantum Corporation was founded in 1980 and is headquartered in San Jose, California.

Key Stats

• Today's Range: $22.15 to $33.34
• 50-Day Range: $2.96 to $23.72
• 52-Week Range: $2.22 to $33.34
• Volume: 3.18 million shs
• Average Volume: 558,203 shs
• Market Capitalization: $161.58 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $5.00
• Consensus Rating: Hold

Quantum Stock Analysis - MarketRank™

Quantum scored higher than 18% of companies evaluated by MarketBeat, and ranked 609th out of 664 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.0 / 5
• Analyst Rating: Hold

Consensus Rating

Quantum has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Quantum has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Quantum are expected to grow in the coming year, from ($5.60) to ($2.79) per share.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

18.20% of the float of Quantum has been sold short.

Short Interest Ratio / Days to Cover

Quantum has a short interest ratio ("days to cover") of 0.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Quantum has recently increased by 215.80%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Quantum does not currently pay a dividend.

Dividend Growth

Quantum does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

18.20% of the float of Quantum has been sold short.

Short Interest Ratio / Days to Cover

Quantum has a short interest ratio ("days to cover") of 0.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Quantum has recently increased by 215.80%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.2 / 5
• News Sentiment: 0.70

News Sentiment

Quantum has a news sentiment score of 0.70. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 9 news articles for Quantum this week, compared to 2 articles on an average week.

Search Interest

53 people have searched for QMCO on MarketBeat in the last 30 days. This is an increase of 2,550% compared to the previous 30 days.

MarketBeat Follows

8 people have added Quantum to their MarketBeat watchlist in the last 30 days. This is an increase of 700% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Quantum insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $68,935.00 in company stock.

Percentage Held by Insiders

Only 3.90% of the stock of Quantum is held by insiders.

Percentage Held by Institutions

63.66% of the stock of Quantum is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

QMCO Stock Analysis - Frequently Asked Questions

How have QMCO shares performed this year?

Quantum's stock was trading at $6.98 at the beginning of the year. Since then, QMCO shares have increased by 377.5% and is now trading at $33.33.
View the best growth stocks for 2024 here.

How were Quantum's earnings last quarter?

Quantum Co. (NASDAQ:QMCO) issued its quarterly earnings results on Tuesday, June, 6th. The company reported ($0.80) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.80). The company had revenue of $105.34 million for the quarter, compared to analysts' expectations of $102.03 million.

When did Quantum's stock split?

Shares of Quantum reverse split on the morning of Tuesday, August 27th 2024. The 1-20 reverse split was announced on Monday, August 26th 2024. The number of shares owned by shareholders was adjusted after the market closes on Monday, August 26th 2024. An investor that had 100 shares of stock prior to the reverse split would have 5 shares after the split.

Who are Quantum's major shareholders?

Quantum's top institutional investors include TCW Group Inc. (2.19%), Advance Capital Management Inc. (0.02%) and State Street Corp (0.36%). Insiders that own company stock include James J Lerner, J Michael Dodson, Kenneth P Gianella, Brian E Cabrera, John Hurley, Henk Jan Spanjaard, Laura A Nash and Lewis W Moorehead.
View institutional ownership trends.

How do I buy shares of Quantum?

Shares of QMCO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Quantum own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Quantum investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), PayPal (PYPL), Meta Platforms (META), Adobe (ADBE), Broadcom (AVGO) and CrowdStrike (CRWD).

Company Calendar

• Last Earnings: 6/06/2023
• Today: 12/18/2024
• Fiscal Year End: 3/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Computer storage devices
• Sub-Industry: Computer Hardware
• Current Symbol: NASDAQ:QMCO
• CUSIP: N/A
• CIK: 709283
• Web: www.quantum.com
• Phone: (408) 944-4000
• Fax: 408-944-4040
• Employees: 900
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $5.00
• High Stock Price Target: $5.00
• Low Stock Price Target: $5.00
• Potential Upside/Downside: -78.9%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): N/A
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: N/A
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: N/A
• Return on Assets: N/A

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.81
• Quick Ratio: 0.60

Sales & Book Value

• Annual Sales: $285.24 million
• Price / Sales: 0.40
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: ($16.52) per share
• Price / Book: -1.44

Miscellaneous

• Outstanding Shares: 4,848,000
• Free Float: 4,659,000
• Market Cap: $114.99 million
• Optionable: Optionable
• Beta: 3.58