Quantum CorporationShort
Why did $QMCO rally 3800% in the past 6 months?
With a name like "Quantum Corporation" you'd think this company was related to Quantum computing.
QMCO is actually a data storage company and not into quantum computing as a focus which is more of a reason to believe that this was an insanely speculative rally driven by hype. Maybe it has value elsewhere but revenues and income look like garbage.
Oh yeah and then the fun part...there are REVERSE STOCK SPLITS for QMCO.
1/25 in August 2024 about a month before the first quantum news came out.
1/8 reverse split in 2017.
So when you see the all time high of $6920 that is why. Divide that by 25 and again by 8 and you will see the all time high was $34 and the true current price of this stock is....
31.43/25= $1.25
$1.25/8 = $0.157
Yes, 15.7 cents...as of yesterday close.
BUT WAIT, THERES MORE!
All time low in August '24 was $2.22. Let's split that back into the real low...
beep bop boop.......(2.22/25)/8 = $0.01
Yes. The all time low ofQMCO is one penny.
Everyone feeling bullish?
QMCO is actually a data storage company and not into quantum computing as a focus which is more of a reason to believe that this was an insanely speculative rally driven by hype. Maybe it has value elsewhere but revenues and income look like garbage.
Oh yeah and then the fun part...there are REVERSE STOCK SPLITS for QMCO.
1/25 in August 2024 about a month before the first quantum news came out.
1/8 reverse split in 2017.
So when you see the all time high of $6920 that is why. Divide that by 25 and again by 8 and you will see the all time high was $34 and the true current price of this stock is....
31.43/25= $1.25
$1.25/8 = $0.157
Yes, 15.7 cents...as of yesterday close.
BUT WAIT, THERES MORE!
All time low in August '24 was $2.22. Let's split that back into the real low...
beep bop boop.......(2.22/25)/8 = $0.01
Yes. The all time low of
QMCO is one penny. Everyone feeling bullish?
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.