Quantum Corporation (QMCO)

Quantum Corporation is trading at $24.19, down 2.93% on the session. The 50 day average sits at $12.73 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 87.9, which reads as overbought, and MACD is bullish crossover. Volume is volume spike.

The nearest support is around $11.75 with resistance near $27.80, so that band frames the current range. Average daily movement is roughly $1.96, or about 8.1% of the share price, which is what any stop placement has to allow for. The overall health score of 60 out of 100 combines a trend score of 75, momentum of 72 and a risk score of 18.

Quantum Corporation provides data management solutions for unstructured data in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers primary storage software and systems, including StorNext Hybrid Flash/Disk File Storage Software for video editing, post-production, and streaming applications, as well as large digital file archives; and Unified Surveillance Platform Software, a unified compute and storage software for video surveillance recording, storage, and analytics. It also provides cost-per-terabyte secondary storage software and systems, such as ActiveScale Object Storage Software, a storage for building massive data lakes, storage clouds, and cold archives; DXi Backup Appliances for backup and recovery and multisite data protection; Scalar Tape Storage, a storage for long-term data archiving and offline data protection; and CatDV Asset Management Software for indexing, cataloging, AI data enrichment, and workflow orchestration. In addition, the company sells standalone linear-tape open tape drives for small business data protection and archiving, as well as linear-tape open media for use in tape storage systems. Further, it offers global support, deployment and consulting, and education services, as well as Quantum-as-a-Service. The company serves media and entertainment, life sciences, gaming and hospitality, retail, education, energy, financial services, and manufacturing industries, as well as hyperscale cloud providers, US federal and public sector, safe cities, and government. The company sells its products through a network of distributors, value-added resellers, direct marketing resellers, original equipment manufacturers, and other suppliers, as well as directly to corporate entities and government agencies. Quantum Corporation was incorporated in 1980 and is headquartered in Centennial, Colorado.