Quantum Corporation (QTM) has risen sharply, recording gains of 6.66% in the past 4 weeks. However, the stock has corrected -4.39% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 7.24% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 0.23% and the 50-Day Moving Average is 12.91%.The 200 Day SMA reached 29.2%
Quantum Corporation (NYSE:QTM): The stock opened in the green at $0.76 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $0.7843 and a low of $0.73 for the day. The stock did not find buyers even at the lows and closed at $0.7362 recording a loss of -1.81%. 689,791 shares exchanged hands during the trading day. The stock had closed at $0.7362 in the previous days trading.
Quantum Corporation (QTM) : The consensus price target for Quantum Corporation (QTM) is $1.33 for the short term with a standard deviation of $0.29. The most optimist securities analyst among the 3 who monitor the stock believes that the stock can reach $2, however, the pessimist price target for the company is $1.
Quantum Corporation (Quantum) is engaged in providing solutions in scale-out storage, archive and data protection. The Company provides solutions for capturing, sharing and preserving digital assets over the entire data lifecycle. The Company provides solutions for storing and protecting information in physical, virtual and cloud environments. The Companys scale-out storage portfolio includes StorNext software, appliances and systems called StorNext Pro Solutions, as well as Lattus extended online storage and Q-Cloud Archive services. StorNext 5 includes the streaming file system and policy-based tiering for automatically moving data across primary storage, online storage, tape archive and the cloud. The Company has portfolio of data protection solutions for physical, virtual and cloud environments. This includes its DXi deduplication systems, Scalar automated tape libraries and vmPRO virtual server backup software. It offers a Q-Cloud service for data center customers.