Quantum Corp (NYSE:QTM) shares traded -27.4% down during most recent session to reach at the closing price of $5.38. The stock exchanged hands 1.84 Million shares versus average trading capacity of 364.72 Million shares, yielding a market cap of $189.97 Million. Wall Street analysts covering the stock are projecting that the stock will reach $13.33 within the next 52-weeks. The mean target projections are based on 3 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Quantum Corp (NYSE:QTM) high price target of $16 and with a conservative view have low price target of $12.
Roth Capital “Initiates Coverage on” Quantum Corp (NYSE:QTM) in a research note issued to investors on 8/25/15 to Buy with price target of $1.5.
Additionally on 5/04/15 Northland Securities “Upgrades” Quantum Corp (NYSE:QTM) to Outperform setting price target at $3 and on 6/30/14 Lake Street “Upgrades” the stock to Buy. Furthermore on 4/03/13 Wunderlich “Terminates” the stock to .
On the other hand the company has Relative Strength Index (RSI 14) of 13.28 along with Average True Range (ATR 14) of 0.36, Consequently Quantum Corp (NYSE:QTM)’s weekly and monthly volatility is 5.87%, 3.37% respectively. The company’s beta value is at 2.33.
In terms of Buy, Sell or Hold recommendations, Quantum Corp (NYSE:QTM) has analysts’ mean recommendation of 2. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Quantum Corp (NYSE:QTM)’s minimum EPS for the current quarter is at $0.04 and can go high up to $0.06. The consensus mean EPS for the current quarter is at $0.05 derived from a total of 3 estimates from the analysts who have weighed in on projected earnings.
Previously Quantum Corp (NYSE:QTM) reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.02. The company posted an earnings surprise of 66.7%.
Quantum Corp (NYSE:QTM)’s revenue estimates for the current quarter are $119.41 Million according to 3 number of analysts, for the current quarter the company has high revenue estimates of $120.2 Million in contradiction of low revenue estimates of $118 Million. For the current year the company’s revenue estimates are $528.43 Million compared to low analyst estimates of $516.29 Million and high estimates of $540.31 Million according to 3 number of analysts.
Currently Quantum Corp (NYSE:QTM)’s shares owned by insiders are 4.7%, whereas shares owned by institutional owners are 63.9%. However the six-month change in the insider ownership was recorded -5.09%, as well as three-month change in the institutional ownership was recorded 1.86%.
Quantum Corp (NYSE:QTM) 52-week high price stands at $9.20 and low price stands at $4.56, its price distance from 52-week high is -41.52% while its distance from 52-week low price is 17.98%. The stock hit its 52-week high on 05/09/17, and 52-week low on 08/12/16.
Quantum Corp (NYSE:QTM)’s trailing twelve month revenues are $505.3 Million, whereas its price to sales ratio for the same period is 0.38. Its book value per share for the most recent quarter is $-3.41 while its price to book ratio for the same period is 0, as for as the company’s cash per share for the most recent quarter is $0.37, however its price to cash per share ratio for the same period is 14.61. The stock has 5 year expected PEG ratio of 2.54 whereas its trailing twelve month P/E ratio is 50.75.