1 time Within The Past Five Days, Quotient Limited (QTNT) Hit A New High

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Quotient Limited (NASDAQ:QTNT) traded with a subtraction of $0.0 to $0.18 on Thursday, a downside of -2.34 percent. An average of 3,229,715 shares of common stock have been traded in the last five days. There was a fall of -$0.0292 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 3,684,424 shares traded, while the 50-day average volume stands at 3,033,906.

QTNT stock has decreased by -5.10% in the last month. The company shares reached their 1-month lowest point of $0.1600 on 09/06/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $0.16 and a high of $3.18 in 52 weeks. It has reached a new high 1 time so far this year and lost -92.89% or -$2.4118 in price. In spite of this, the price is down -94.35% from the 52-week high.


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Valuation Metrics

Quotient Limited (QTNT) stock’s beta is 2.71. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.65.

Financial Health

The quick ratio of Quotient Limited for the three months ended March 30 was 2.20, and the current ratio was 3.00, indicating that the company is able to meet its debt obligations. Its gross profit as reported stood at $14.94 million compared to revenue of $38.51 million.

Earnings Surprise

For the three-month period that ended March 30, Quotient Limited had $2.48 million in cash. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$38.87 million in the quarter, while revenues were shrunk -5.15%. The analyst consensus anticipated Quotient Limited’s latest quarter earnings to come in at -$0.31 per share, but it turned out to be -$0.25, a 19.40% surprise. For the quarter, EBITDA amounted to -$2.48 million. Shareholders own equity worth $135.8 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Quotient Limited (QTNT) price momentum. RSI 9-day as of the close on 21 September was 38.99%, suggesting the stock is Neutral, with historical volatility in this time frame at 86.79%.

As of today, QTNT’s price is $0.1909 -14.08% or -$0.0292 from its 5-day moving average. QTNT is currently trading -17.04% lower than its 20-day SMA and -69.11% lower than its 100-day SMA. However, the stock’s current price level is -40.58% below the SMA50 and -91.79% below the SMA200.

The stochastic %K and %D were 29.48% and 36.57%, respectively, and the average true range (ATR) was 0.0194. With the 14-day stochastic at 21.93% and the average true range at 0.0208, the RSI (14) stands at 40.08%. The stock has reached -0.0079 on the 9-day MACD Oscillator while the 14-day reading was at -0.0018.

Analyst Ratings

Goldman launched coverage on Quotient Limited (NASDAQ: QTNT) in its analyst report released on June 03, 2021. The firm assigned the stock a Neutral rating. The consensus rating for Quotient Limited (QTNT) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell QTNT, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 3 others rate it as a “buy”.

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