Should I buy or sell Quantum stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Quantum in the last year. There are currently 3 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" QMCO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in QMCO, but not buy additional shares or sell existing shares. View QMCO analyst ratings or view top-rated stocks .

What is Quantum's stock price target for 2024?

3 analysts have issued 12 month target prices for Quantum's shares. Their QMCO share price targets range from $0.80 to $2.00. On average, they anticipate the company's share price to reach $1.43 in the next year. This suggests a possible upside of 258.3% from the stock's current price. View analysts price targets for QMCO or view top-rated stocks among Wall Street analysts .

How have QMCO shares performed in 2024?

Quantum's stock was trading at $0.3490 at the start of the year. Since then, QMCO stock has increased by 14.6% and is now trading at $0.40. View the best growth stocks for 2024 here .

Are investors shorting Quantum?

Quantum saw a drop in short interest in the month of March. As of March 31st, there was short interest totaling 249,700 shares, a drop of 39.0% from the March 15th total of 409,300 shares. Based on an average trading volume of 495,600 shares, the days-to-cover ratio is currently 0.5 days. View Quantum's Short Interest .

When is Quantum's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, June 4th 2024. View our QMCO earnings forecast .

How were Quantum's earnings last quarter?

Quantum Co. (NASDAQ:QMCO) posted its earnings results on Tuesday, June, 6th. The company reported ($0.04) earnings per share for the quarter, meeting the consensus estimate of ($0.04). The company earned $105.34 million during the quarter, compared to the consensus estimate of $102.03 million. During the same period in the previous year, the firm posted ($0.09) earnings per share.

Who are Quantum's major shareholders?

Quantum's stock is owned by many different retail and institutional investors. Top institutional investors include Kovack Advisors Inc. (0.28%). Insiders that own company stock include Alesia Lee Pinney, Brian E Cabrera, Elizabeth King , J Michael Dodson , James J Lerner, James J Lerner , Jayshree Ullal, John Fichthorn , John Hurley, Laura A Nash, Lewis W Moorehead 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 .

NASDAQ:QMCO

Quantum (QMCO) Stock Price, News & Analysis

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$0.40

-0.03 (-6.98%)

(As of 04/19/2024 ET)

Compare

Today's Range: $0.40
▼
$0.46
50-Day Range: $0.40
▼
$0.72
52-Week Range: $0.24
▼
$1.32

Volume: 109,195 shs
Average Volume: 260,259 shs
Market Capitalization: $38.02 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $1.43

Get Quantum alerts:

Quantum MarketRank™ Stock Analysis

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 258.3% Upside
$1.43 Price Target
Short Interest: Healthy
0.26% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.25
Based on 4 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.18) to ($0.16) Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.45 out of 5 stars

Computer And Technology Sector

368th out of 583 stocks

Computer Storage Devices Industry

5th out of 5 stocks

3.0

Analyst's Opinion

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, 3 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.

5.0

Short Interest

Percentage of Shares Shorted
0.26% of the outstanding shares of Quantum have been sold short.
Short Interest Ratio / Days to Cover
Quantum has a short interest ratio ("days to cover") of 0.5, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Quantum has recently decreased by 38.99%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Quantum does not currently pay a dividend.
Dividend Growth
Quantum does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for QMCO.

2.4

News and Social Media Coverage

News Sentiment
Quantum has a news sentiment score of 0.25. 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 is a lower news sentiment than the 0.49 average news sentiment score 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
Only 1 people have searched for QMCO on MarketBeat in the last 30 days. This is a decrease of -92% compared to the previous 30 days.
MarketBeat Follows
6 people have added Quantum to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Quantum insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 3.60% 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.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Quantum are expected to grow in the coming year, from ($0.18) to ($0.16) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Quantum is -0.98, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Quantum is -0.98, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

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About Quantum Stock (NASDAQ:QMCO)

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.

QMCO Stock Price History

30 days | 90 days | 365 days | Advanced Chart

QMCO Stock News Headlines

April 19, 2024 | finance.yahoo.com

Quantum Corporation (QMCO)

April 18, 2024 | americanbankingnews.com

Quantum's (QMCO) Market Perform Rating Reaffirmed at Oppenheimer

April 20, 2024 | Crypto 101 Media (Ad)

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April 13, 2024 | investing.com

Quantum reports liquidity and operational updates

April 12, 2024 | businesswire.com

Quantum Provides Additional Business Updates

April 11, 2024 | investing.com

Factbox-Brokerages shift Fed rate-cut expectations to September after consumer price data

April 11, 2024 | businesswire.com

Quantum to Offer Advanced Filesharing Technology and Performance in StorNext and Myriad Solutions

April 10, 2024 | investing.com

D-Wave Quantum receives Buy rating on distinct market position

April 20, 2024 | Crypto 101 Media (Ad)

SHOCKING Crypto Leak…

April 2, 2024 | businesswire.com

Quantum Announces ActiveScale All-Flash Object Storage Solution to Accelerate AI Pipelines, Power Massive Data Lakes and Build Storage Clouds

March 26, 2024 | markets.businessinsider.com

Analysts’ Opinions Are Mixed on These Technology Stocks: Clear Secure (YOU), Backblaze (BLZE) and Quantum (QMCO)

March 25, 2024 | finance.yahoo.com

Quantum Provides Business Update

March 21, 2024 | businesswire.com

Quantum Announces the Scalar i7 RAPTOR for Data Lakes to fuel AI models, Private and Hybrid Clouds, and Unmatched Data Protection

March 4, 2024 | finance.yahoo.com

QMCO Aug 2024 5.000 call

February 21, 2024 | investing.com

First Quantum seeks $20 billion over Panama mine closure order

February 20, 2024 | investing.com

Miner First Quantum swings to fourth-quarter loss

February 20, 2024 | finance.yahoo.com

Quantum Announces Waiver and Amendment to Term Loan and Revolving Credit Agreements

February 20, 2024 | businesswire.com

Quantum Announces Waiver and Amendment to Term Loan and Revolving Credit Agreements

February 16, 2024 | finance.yahoo.com

QMCO Mar 2024 2.500 call

February 15, 2024 | investorplace.com

Beyond AI: 3 Quantum Stocks Unlocking the Future of Technology

February 15, 2024 | markets.businessinsider.com

Lake Street Reaffirms Their Hold Rating on Quantum (QMCO)

February 14, 2024 | finance.yahoo.com

Quantum Announces Delayed Form 10-Q Filing for Quarter Ending December 31, 2023

February 14, 2024 | businesswire.com

Quantum Announces Delayed Form 10-Q Filing for Quarter Ending December 31, 2023

February 14, 2024 | investorplace.com

Why Is Quantum (QMCO) Stock Down 5% Today?

February 14, 2024 | investorplace.com

Why Is Quantum (QMCO) Stock Down 5% Today?

February 13, 2024 | finance.yahoo.com

XENON Systems Purchases Myriad All-Flash Cloud-Native Solution to Fuel AI, Power Research and Data Science Workloads

February 12, 2024 | investorplace.com

Why Is D-Wave Quantum (QBTS) Stock Up 20% Today?

See More Headlines

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Company Calendar

Last Earnings: 6/06/2023
Today: 4/19/2024
Next Earnings (Estimated): 6/04/2024
Fiscal Year End: 3/31/2025

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Computer and Technology
Industry: Computer storage devices
Sub-Industry: N/A
Current Symbol: NASDAQ:QMCO
CUSIP: N/A
CIK: 709283
Web: www.quantum.com
Phone: (408) 944-4000
Fax: 408-944-4040
Employees: 850
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $1.43
High Stock Price Target: $2.00
Low Stock Price Target: $0.80
Potential Upside/Downside: +258.3%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 3 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: N/A
Quick Ratio: N/A

Sales & Book Value

Annual Sales: $412.75 million
Price / Sales: 0.09
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: ($0.83) per share
Price / Book: -0.48

Miscellaneous

Outstanding Shares: 95,040,000
Free Float: 91,620,000
Market Cap: $38.02 million
Optionable: Optionable
Beta: 2.55

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Key Executives

Mr. James J. Lerner (Age 54)
Chairman, President & CEO
Comp: $682.31k
Mr. Kenneth P. Gianella (Age 51)
Chief Financial Officer
Comp: $362.96k
Mr. Brian E. Cabrera (Age 59)
Senior VP, Chief Legal & Administrative Officer and Secretary
Comp: $399.35k
Mr. Eric Isom
Vice President of Supply Chain & Operations
Ms. Laura A. Nash
Chief Accounting Officer
Mr. Willem Dirven
Chief Information Officer
Ms. Natasha Beckley
Chief Marketing Officer
Mr. Jeff Mulder
Senior Vice President of Product & Engineering
Mr. Ross Fujii
Chief Customer Officer
Mr. Henk Jan Spanjaard
Chief Revenue Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

QMCO Stock Analysis - Frequently Asked Questions

Should I buy or sell Quantum stock right now?: 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Quantum in the last year. There are currently 3 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" QMCO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in QMCO, but not buy additional shares or sell existing shares.
View QMCO analyst ratings or view top-rated stocks.
What is Quantum's stock price target for 2024?: 3 analysts have issued 12 month target prices for Quantum's shares. Their QMCO share price targets range from $0.80 to $2.00. On average, they anticipate the company's share price to reach $1.43 in the next year. This suggests a possible upside of 258.3% from the stock's current price.
View analysts price targets for QMCO or view top-rated stocks among Wall Street analysts.
How have QMCO shares performed in 2024?: Quantum's stock was trading at $0.3490 at the start of the year. Since then, QMCO stock has increased by 14.6% and is now trading at $0.40.
View the best growth stocks for 2024 here.
Are investors shorting Quantum?: Quantum saw a drop in short interest in the month of March. As of March 31st, there was short interest totaling 249,700 shares, a drop of 39.0% from the March 15th total of 409,300 shares. Based on an average trading volume of 495,600 shares, the days-to-cover ratio is currently 0.5 days.
View Quantum's Short Interest.

When is Quantum's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, June 4th 2024.
View our QMCO earnings forecast.
How were Quantum's earnings last quarter?: Quantum Co. (NASDAQ:QMCO) posted its earnings results on Tuesday, June, 6th. The company reported ($0.04) earnings per share for the quarter, meeting the consensus estimate of ($0.04). The company earned $105.34 million during the quarter, compared to the consensus estimate of $102.03 million. During the same period in the previous year, the firm posted ($0.09) earnings per share.
Who are Quantum's major shareholders?: Quantum's stock is owned by many different retail and institutional investors. Top institutional investors include Kovack Advisors Inc. (0.28%). Insiders that own company stock include Alesia Lee Pinney, Brian E Cabrera, Elizabeth King, J Michael Dodson, James J Lerner, James J Lerner, Jayshree Ullal, John Fichthorn, John Hurley, Laura A Nash, Lewis W Moorehead 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.

This page (NASDAQ:QMCO) was last updated on 4/20/2024 by MarketBeat.com Staff

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