Quotient Limited (QTNT): Technical Analysis Suggests You Should Hold

The stock of Quotient Limited (NASDAQ:QTNT) increased by $0.11 on Wednesday to $0.48, up 29.54 percent. The last five days have seen an average of 1,917,949 shares of common stock traded. 1 time new highs were reached in the current year, with a fall of -$2.1450. The average number of shares traded over the last 20 days was 1,217,952, while the average volume over the last 50 days totaled 850,671.

QTNT stock appreciated 0.35% since last month. On 05/25/22, the company’s shares reached a one-month low of $0.2721. The stock touched a high of $4.25 on 01/03/22, after rallying from a low of $0.27 in 52 weeks. The price of QTNT stock has declined by -85.57% or -$2.1450 this year, reaching a new high 1 time. Still, the stock price is down -88.61% from the 52-week high.


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Insider Transactions

There have been 118 days since Quotient Limited (QTNT) last reported insider trading activity on Feb 24. On Feb 24, Director von Prondzynski Heino acquired 28,894 shares at $1.31 each. This transaction resulted in the insider spending $37,851. On Feb 23, von Prondzynski Heino added 31,106 shares at a price of US$1.28. After the transaction, the insider now owns 342,465 shares. Chief Commercial Officer El Khoury Mohammad had earlier bought 50,000 shares on Dec 16 for $2.05 a share. The transaction was completed for $102,500.

Financial Health

For the three months ended December 30, Quotient Limited’s quick ratio was 4.80, while its current ratio was 5.80, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 40.60% percent. Based on annual data, it had gross profit of $23.3 million and revenue of $43.38 million.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. QTNT’s return on assets (ROA) during the last 12 months has been -58.70%. There was a -53.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 182.10%.

Earnings Surprise

According to Quotient Limited’s quarterly financial report for the quarter that ended December 30, it had $20.79 million in cash and short-term investments. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $9.47 million, while revenues fell by -69.69% to $9.09 million. It was predicted that Quotient Limited’s quarterly earnings would be -$0.44, but it ended up being -$0.27, beating the consensus by -63.00%. EBITDA was -$25.26 million for the quarter. At the end of Quotient Limited’s most recent quarter ended December 30, its liabilities totaled 334.39 million, while its total debt was $304.15 million. Equity owned by shareholders amounts to $102.6 million.

Technical Picture

Here’s a quick look at Quotient Limited’s (QTNT) price momentum from a technical perspective. As of 21 June, the RSI 9-day stood at 59.13%, suggesting the stock is Neutral, with a 238.61% historical volatility rate.

The stochastic %K and %D were 33.15% and 24.22% respectively, while the average true range (ATR) was 0.0920. Based on the 14-day stochastic reading of 50.85%, the RSI (14) reading is 52.72%. On the 9-day MACD Oscillator, the stock is at 0.0037, and the 14-day reading is at 0.0143.

Analyst Ratings

In its analyst report released on June 03, 2021, Goldman began covering Quotient Limited (NASDAQ: QTNT). The stock was rated as a Neutral by the brokerage firm. Analysts have assigned Quotient Limited (QTNT) an Overweight rating. QTNT is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 3 others recommend it as a buy.

What is QTNT’s price target for the next 12 months?

The current consensus forecast for the stock is between $1.50 and $9.00, with a median target price of $7.00. In analyzing these forecasts, the average price target given by analysts for Quotient Limited (QTNT) is $6.13.

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