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NASDAQ:QMMM

QMMM (QMMM) Stock Price, News & Analysis

$9.08
+0.57 (+6.70%)
(As of 10/17/2024 ET)

About QMMM Stock (NASDAQ:QMMM)

Key Stats

Today's Range
$8.65
$9.13
50-Day Range
$3.95
$9.08
52-Week Range
$3.00
$9.75
Volume
522,007 shs
Average Volume
580,297 shs
Market Capitalization
$156.27 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
N/A
Consensus Rating
N/A

Company Overview

We are a holding company incorporated as an exempted company with limited liability under the law of the Cayman Islands. Our Ordinary Shares offered in this prospectus are shares of our Cayman Islands holding company. As a holding company with no material operations of our own, we conduct our business through our operating subsidiaries in Hong Kong. We own 100% equity interest of all our subsidiaries and do not have a variable interest entity, or VIE, structure. There is no contract or arrangement between the Company and its subsidiaries including those that affect the manner in which we operate, impact our economic rights, or impact our ability to control our subsidiaries. We are an award-winning digital media advertising service and virtual avatar & virtual apparel technology service company. Through our operating subsidiaries ManyMany Creations and Quantum Matrix, we have used interactive design, animation, art-tech and virtual technologies in over 500 commercial campaigns. We have worked with large domestic and international banks, real estate developers, world famous amusement park, top international athletic apparel and footwear brands and luxury cosmetic products and international brands for their advertising and creation work in Hong Kong. Standing prominently in Hong Kong for over 18 years in the industry, with top creativity, premium account servicing, and ever-advancing tech R&D, we continue to be one of the top premium choices for enterprises and multinational enterprises looking for large scale content-heavy and tech-integrated campaigns. Our clients include local and international banks, real-estate developers, luxury brands, high fashion houses, and theme parks. Our subsidiary ManyMany Creations has stood out in the industry by breaking through traditional forms of advertising through digital technology. We endeavour to integrate quality concepts with creative digital media technology and provide a one-stop shop for content creativity and production for ad campaigns, TV commercials, online video, 360 video and animation, VR/AR/MR technology, 3D scanning, motion capture, projection mapping and digital façade production. In March 2014, our wholly owned subsidiary Quantum Matrix was incorporated, and it has launched digital avatar “Quantum Human” and “Quantum Fit” solutions, which we believe is the world’s only avatar technology for mass adoption of virtual identity. Quantum Matrix has created over 30,000 digital avatars. Quantum Matrix owns two patents in Hong Kong, providing among the world’s leading automated avatar creation as well as real-time auto-fitting for virtual fashion & apparel. The first patent is for our method of converting a three-dimensional (3D) scanned object to an avatar. The method contains the steps of conducting a 3D segmentation of the 3D scanned object to obtain segmented results; and adapting a first template to the segmented results to create an avatar. The first template includes a topology, and the adapting step contains the step of mapping the topology of the first template to the segmented results to create the avatar. The invention provides an automated process which requires virtually no human intervention to convert the 3D scanned object to the avatar. The second patent is for our method of automatically fitting an accessory object to an avatar. The method contains the steps of providing an avatar; providing an accessory object; providing a template which the accessory object does not penetrate and fitting the accessory object to the avatar as a result of the template fitted to the avatar. The invention provides an automated process which requires virtually no human intervention to fit an accessory object (e.g. a garment) to the avatar. These technologies are applied in commercial events, theme-parks, fashion shows, luxury events, entertainment industry, travel-retail, tech platform, among others. In addition, our technologies further provide a strong foundation to develop platforms for social media, entertainment, virtual self-expression, virtual influencers, tradable and sharable digital assets for consumers and creators. Our principal executive offices are located at Unit 1301, Block C, Sea View Estate, 8 Watson Road, Tin Hau, Hong Kong.

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QMMM Stock News Headlines

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QMMM Holdings Limited (QMMM)
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QMMM Stock Analysis - Frequently Asked Questions

QMMM's stock was trading at $4.07 at the start of the year. Since then, QMMM stock has increased by 123.1% and is now trading at $9.08.
View the best growth stocks for 2024 here
.

QMMM (QMMM) raised $8 million in an initial public offering on Friday, July 19th 2024. The company issued 2,100,000 shares at a price of $4.00 per share. WallachBeth Capital and Revere Securities served as the underwriters for the IPO.

QMMM's quiet period expired on Wednesday, August 28th. QMMM had issued 2,150,000 shares in its public offering on July 19th. The total size of the offering was $8,600,000 based on an initial share price of $4.00. During the company's quiet period, insiders and any underwriters that worked on the IPO were prevented from issuing any research reports or earnings estimates for the company because of SEC regulations. Now that the company's quiet period has ended, brokerages that served as underwriters are now able to initiate research on the company.

Shares of QMMM 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.
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Based on aggregate information from My MarketBeat watchlists, some other companies that QMMM investors own include Sunworks (SUNW), Applied DNA Sciences (APDN), Fitell (FTEL), Mastech Digital (MHH), Mastech Digital (MHH), XOS (XOS) and Energy Transfer (ET).

Company Calendar

Today
10/17/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Advertising agencies
Sub-Industry
Business Services
Current Symbol
NASDAQ:QMMM
Web
N/A
Fax
N/A
Employees
N/A
Year Founded
N/A

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$3.51 million

Miscellaneous

Free Float
N/A
Market Cap
$156.27 million
Optionable
N/A
Beta
N/A
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This page (NASDAQ:QMMM) was last updated on 10/17/2024 by MarketBeat.com Staff
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