In yesterday’s Wall Street session, Quantum Corp (NASDAQ:QMCO) shares traded at $60.02, up 153.04% from the previous session.
QMCO stock price is now 525.62% away from the 50-day moving average and 619.96% away from the 200-day moving average. The market capitalization of the company currently stands at $291.02M.
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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, Gianella Kenneth P., Chief Financial Officer sold 2,590 shares of the company’s stock on Nov 08 ’24. The stock was sold for $11,474 at an average price of $4.43. Upon completion of the transaction, the Chief Financial Officer now directly owns 33,910 shares in the company, valued at $2.04 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 08 ’24, Chief Revenue Officer Spanjaard Henk Jan sold 394 shares of the business’s stock. A total of $1,745 was realized by selling the stock at an average price of $4.43. This leaves the insider owning 15,662 shares of the company worth $0.94 million. A total of 14.93% of the company’s stock is owned by insiders.
During the past 12 months, Quantum Corp has had a low of $2.22 and a high of $33.00. The fifty day moving average price for QMCO is $8.4588 and a two-hundred day moving average price translates $8.0881 for the stock.
The latest earnings results from Quantum Corp (NASDAQ: QMCO) was released for 2024-06-30. The company reported revenue of $70.47 million for the quarter, compared to $75.68 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -6.89 percent. For the current quarter, analysts expect QMCO to generate $72M in revenue.
