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NASDAQ:QMCO

Quantum (QMCO) Stock Price, News & Analysis

Quantum logo
$44.92 -2.12 (-4.51%)
(As of 12/24/2024 05:19 PM ET)

About Quantum Stock (NASDAQ:QMCO)

Key Stats

Today's Range
$41.01
$48.51
50-Day Range
$2.96
$60.02
52-Week Range
$2.22
$64.20
Volume
1.46 million shs
Average Volume
707,148 shs
Market Capitalization
$217.77 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$5.00
Consensus Rating
Hold

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.

Quantum Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
14th Percentile Overall Score

QMCO MarketRank™: 

Quantum scored higher than 14% of companies evaluated by MarketBeat, and ranked 595th out of 652 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • 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.

  • Read more about Quantum's stock forecast and price target.
  • Earnings Growth

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

  • 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 Yield

    Quantum does not currently pay a dividend.

  • Dividend Growth

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

  • 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 Sentiment

    Quantum has a news sentiment score of 0.63. 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 4 news articles for Quantum this week, compared to 2 articles on an average week.
  • Search Interest

    75 people have searched for QMCO on MarketBeat in the last 30 days. This is an increase of 525% compared to the previous 30 days.
  • MarketBeat Follows

    Only 4 people have added Quantum to their MarketBeat watchlist in the last 30 days. This is a decrease of -43% compared to the previous 30 days.
  • 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.

  • Read more about Quantum's insider trading history.
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QMCO Stock News Headlines

1 Top Quantum Computing Stock to Buy Right Now
Media Humiliated: Demo of Elon’s Tech Proves They’re Wrong
Elon Musk believes his new AI product will be worth an incredible $9 trillion. But the mainstream media is not buying it.
Quantum stocks plunge amid valuation concerns
See More Headlines

QMCO Stock Analysis - Frequently Asked Questions

Quantum's stock was trading at $6.98 at the start of the year. Since then, QMCO shares have increased by 543.6% and is now trading at $44.92.
View the best growth stocks for 2024 here
.

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

Quantum shares 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 closing bell 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.

Top institutional shareholders of Quantum 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
.

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.

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
12/25/2024
Fiscal Year End
3/31/2025

Industry, Sector and Symbol

Industry
Computer storage devices
Sub-Industry
Computer Hardware
Current Symbol
NASDAQ:QMCO
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
-88.9%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
2 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$285.24 million
Book Value
($16.52) per share

Miscellaneous

Free Float
4,659,000
Market Cap
$217.77 million
Optionable
Optionable
Beta
3.58

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This page (NASDAQ:QMCO) was last updated on 12/26/2024 by MarketBeat.com Staff
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