QMMM (NASDAQ:QMMM) Stock Price Up 19.4% – Time to Buy?

QMMM Holdings Limited (NASDAQ:QMMM) traded up 19.4% during mid-day trading on Monday . The company traded as high as $119.40 and last traded at $119.40. 773,300 shares were traded during trading, The stock had previously closed at $100.00.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of QMMM in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

QMMM Stock Up 19.4%

The stock’s fifty day moving average is $119.40 and its two-hundred day moving average is $87.54.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in QMMM. Bank of America Corp DE bought a new stake in shares of QMMM in the third quarter valued at approximately $46,000. Caitong International Asset Management Co. Ltd bought a new stake in QMMM during the third quarter valued at approximately $72,000. BNP Paribas Financial Markets purchased a new position in QMMM in the third quarter worth $169,000. Susquehanna International Group LLP bought a new stake in QMMM during the third quarter worth about $229,000. Finally, Sage Mountain Advisors LLC bought a new stake in QMMM in the 3rd quarter worth approximately $272,000.

QMMM Company Profile

QMMM Holdings Ltd. engages in the provision of digital advertising services. It offers interactive design, animation, art-tech and virtual technologies used in commercial campaigns. It has worked with domestic and international banks, real estate developers, amusement parks, international athletic apparel, footwear brands, luxury cosmetic products, and international brands. The company was founded by Bun Kwai on July 29, 2022 and is headquartered in Hong Kong.