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Wednesday, February 1, 2023

Quantum Corporation (QMCO): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Quantum Corporation (QMCO) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.04, or -3.67%, to $1.05. The Quantum Corporation has recorded 1 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Quantum Wins Three Video Surveillance Industry Awards Demonstrating Continued Technology Leadership.

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Stocks Info

This NASDAQ-listed company operates within the Computer Hardware industry segment, falling under the Technology sector. At the end of the last regular session, the stock closed at $1.09 and fluctuated between $1.1100 as its day high and $1.0300 as its day low. The current market capitalization of Quantum Corporation is $111.10M. A total of 0.38 million shares were traded on the day, compared to an average of 217.04K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, QMCO has seen 3 BUY and 5 SELL insider trades, representing the acquisition of 171,996 and the disposition of 48,191 shares. Over the last 12 months, there were 19 BUYs and 16 SELLs from insiders. Insiders purchased 1,356,567 shares during that period but sold 339,688.

In the most recent transaction, Cabrera Brian E sold 863 shares of QMCO for 1.39 per share on Nov 02. After the transaction, the SVP Chief Admin Ofcr & Secy now owns 274,961 company shares. In a previous transaction on Oct 11, Moorehead Lewis W. sold 2,370 shares at 1.15 per share. QMCO shares that Chief Accounting Officer owns now total 201,553.

Among the insiders who sold shares, Lerner James J disposed of 32,888 shares on Oct 11 at a per-share price of $1.15. This resulted in the President & CEO holding 1,894,811 shares of QMCO after the transaction. In another insider transaction, DODSON J MICHAEL sold 11,346 shares at $1.26 per share on Oct 05. Company shares held by the Senior Vice President, CFO now total 870,372.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for QMCO in the last 3 months, the mean price target is $4.08 with high estimates of $6.00 and low estimates of $2.75. In terms of 52-week highs and lows, QMCO has a high of $5.75 and a low of $1.00.

As of this writing, QMCO has an earnings estimate of -$0.02 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of -$0.02 per share and a lower estimate of -$0.03. The company reported an EPS of -$0.05 in the last quarter, which was 28.60% higher than expectations of -$0.07.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 4 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for QMCO is Buy with a score of 4.00. A total of 2 analysts rated the stock as Buy while 0 rated it as Overweight while 2 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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