Buying Quotient Limited (QTNT) Stock Is A Smart Move Today?

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Quotient Limited (NASDAQ:QTNT) traded with an addition of $0.06 to close at $0.43 on Friday, an upside of 16.27 percent. An average of 16,319,449 shares of common stock have been traded in the last five days. There was a gain of $0.1512 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 4,581,237 shares traded, while the 50-day average volume stands at 1,949,934.

QTNT stock has decreased by -51.50% in the last month. The company shares reached their 1-month lowest point of $0.1811 on 12/23/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $0.18 and a high of $105.20 in 52 weeks. It has reached a new high 1 time so far this year and lost -99.64% or -$103.2366 in price. In spite of this, the price is down -99.59% from the 52-week high.

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Insider Transactions

QTNT stock investors should be aware that Quotient Limited (QTNT) stock had its last reported insider trading activity 35 days ago on Nov 25. In this transaction, the insider spent $892. Director, von Prondzynski Heino, disposed of 25,000 shares at a price of $1.18 on Nov 18. The insider now owns more than $29,500 worth of shares. Prior to that, 10% Owner PERCEPTIVE ADVISORS LLC went on to Sale 8,255,607 shares at $0.08 each on Oct 31. An amount of $660,449 was transacted.

Valuation Metrics

Quotient Limited (QTNT) stock’s beta is 2.40. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.04.

Financial Health

The quick ratio of Quotient Limited for the three months ended September 29 was 1.40, and the current ratio was 1.80, 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

The analyst consensus anticipated Quotient Limited’s latest quarter earnings to come in at -$9.43 per share, but it turned out to be -$10.81, a -14.60% surprise. For the quarter, EBITDA amounted to -$29.03 million. Shareholders own equity worth $3.53 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 29 December was 42.89%, suggesting the stock is Neutral, with historical volatility in this time frame at 523.95%.

As of today, QTNT’s price is $0.3047 +71.25% or $0.1512 from its 5-day moving average. QTNT is currently trading -54.46% lower than its 20-day SMA and -96.15% lower than its 100-day SMA. However, the stock’s current price level is -93.23% below the SMA50 and -99.09% below the SMA200.

The stochastic %K and %D were 24.61% and 21.35%, respectively, and the average true range (ATR) was 0.1567. With the 14-day stochastic at 32.04% and the average true range at 0.1753, the RSI (14) stands at 32.32%. The stock has reached 0.0398 on the 9-day MACD Oscillator while the 14-day reading was at -0.0044.

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.

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