As this happened, Oppenheimer downgraded its Quantum Corp [QMCO] rating to a Perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who decreased its forecast for the stock in early February from “a Buy” to “a Neutral”. Northland Capital began covering QMCO with “an Outperform” recommendation on March 05, 2021. Oppenheimer started covering the stock on March 04, 2021. It rated QMCO as “an Outperform”.
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Price Performance Review of QMCO
On Tuesday, Quantum Corp [NASDAQ:QMCO] saw its stock fall -20.85% to $17.23. Over the last five days, the stock has gained 478.19%. Quantum Corp shares have risen nearly 146.85% since the year began. Nevertheless, the stocks have risen 193.93% over the past one year. While a 52-week high of $27.78 was reached on 11/26/24, a 52-week low of $2.22 was recorded on 09/06/24. SMA at 50 days reached $4.64, while 200 days put it at $7.58.
Levels Of Support And Resistance For QMCO Stock
The 24-hour chart illustrates a support level at 10.16, which if violated will result in even more drops to 3.09. On the upside, there is a resistance level at 28.65. A further resistance level may holdings at 40.07. The Relative Strength Index (RSI) on the 14-day chart is 73.53, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 9.57, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 52.36%. Stochastics %K at 68.51% indicates the stock is a holding.
How much short interest is there in Quantum Corp?
A steep rise in short interest was recorded in Quantum Corp stocks on 2024-10-31, dropping by 39636.0 shares to a total of 0.19 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 0.23 million shares. There was a decline of -21.04%, which implies that there is a negative sentiment for the stock.
