Quantum Corporation (QTM) : During the past 4 weeks, traders have been relatively bearish on Quantum Corporation (QTM), hence the stock is down -3.5% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -7.61% relative to the S&P 500. The 4-week change in the price of the stock is -3.7% and the stock has fallen -8.22% in the past 1 week.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 3.55% and the fifty day Moving Average is 13.44%. Quantum Corporation is up 54.58% in the last three month period. Year-to-Date the stock performance stands at -36.84%.
Quantum Corporation (QTM) : 3 investment research analysts covering Quantum Corporation (QTM) have an average price target of $1.33 for the near short term. The highest target price given by the Brokerage Firm to the stock is $2 and the lowest target is $1 for the short term. Analysts expect the variance to be within $0.29 of the average price.
Quantum Corporation (NYSE:QTM): stock turned positive on Friday. Though the stock opened at $0.58, the bulls momentum made the stock top out at $0.61 level for the day. The stock recorded a low of $0.58 and closed the trading day at $0.5874, in the green by 1.15%. The total traded volume for the day was 345,185. The stock had closed at $0.5807 in the previous days trading.
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.