Quotient Limited (NASDAQ: QTNT) Slips -23.15% In Recent Trade, What Does The Future Hold?

Quotient Limited (NASDAQ:QTNT) price closed lower on Monday, June 13, dropping -23.15% below its previous close.

A look at the daily price movement shows that the last close reads $0.46, with intraday deals fluctuated between $0.3301 and $0.458. The company’s 5Y monthly beta was ticking 2.49. Taking into account the 52-week price action we note that the stock hit a 52-week high of $4.49 and 52-week low of $0.27. The stock subtracted -17.73% on its value in the past month.

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Quotient Limited, which has a market valuation of $41.43 million, is expected to release its quarterly earnings report Jan 31, 2022 – Feb 04, 2022. Analysts tracking QTNT have forecast the quarterly EPS to shrink by -0.31 per share this quarter, while the same analysts predict the annual EPS to hit -$1.26 for the year 2022 and up to -$1.09 for 2023. In this case, analysts estimate an annual EPS growth of -6.80% for the year and 13.50% for the next year.

On average, analysts have forecast the company’s revenue for the quarter will hit $8.17 million, with the likely lows of $7.9 million and highs of $8.4 million. The average estimate suggests sales growth for the quarter will likely fall by -15.20% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $36.89 million for the company’s annual revenue in 2022. Per this projection, the revenue is forecast to grow -15.00% below that which the company brought in 2022.

Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give QTNT a short term outlook of 100% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.

Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 4 analysts have assigned QTNT a recommendation rating as follows: 1 rate it as a Hold; 3 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Quotient Limited (QTNT) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Overweight, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.

The overview shows that QTNT’s price is at present -5.83% off the SMA20 and -41.32% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 41.42, with weekly volatility standing at 33.38%. The indicator jumps to 23.03% when calculated based on the past 30 days. Quotient Limited (NASDAQ:QTNT)’s beta value is holding at 2.58, while the average true range (ATR) indicator is currently reading 0.09. Considering analysts have assigned the stock a price target range of $1.50-$9.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $6.13. Based on this estimate, we see that current price is roughly -328.57% off the estimated low and -2471.43% off the forecast high. Investors will no doubt be excited to see the share price fall to $7.00, which is the median consensus price, and at that level QTNT would be -1900.0% from current price.

Turning out attention to how the Quotient Limited stock has performed in comparison to its peers in the industry, here’s what we find: QTNT’s stock is -23.15% on the day and -91.95% in the past 12 months, while Baxter International Inc. (BAX) traded -2.12% in the last session and was positioned -13.53% down on its price 12 months ago. Elsewhere in the market, the S&P 500 Index has stumbled -3.88% in last trading session, with the Dow Jones Industrial also saw a negative session on the day with -2.79%.

An analysis of the Quotient Limited (NASDAQ:QTNT) stock in terms of its daily trading volume indicates that the 3-month average is 638.08K. However, this figure increases on the past 10-day timeline to an average of 1.02 million.

Current records show that the company has 102.13M in outstanding shares. The insiders’ percentage holdings are 1.30% of outstanding shares while the percentage share held by institutions stands at 83.00%. The stats also highlight that short interest as of Apr 28, 2022, stood at 6.17 million shares, which puts the short ratio at the time at 13.89. From this we can glean that short interest is 6.01% of company’s current outstanding shares. Notably, we see that shares short in April rose slightly given the previous month’s figure stood at 5.98 million. But the -86.35% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.