QumulusAI (NASDAQ:QMLS – Get Free Report) had its price objective dropped by equities research analysts at Chardan Capital to $13.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Chardan Capital‘s price target would suggest a potential upside of 323.45% from the company’s previous close.
QMLS has been the topic of several other research reports. B. Riley Financial started coverage on QumulusAI in a report on Wednesday, October 21st. They issued a “buy” rating and a $11.00 price target on the stock. Wall Street Zen cut QumulusAI from a “hold” rating to a “sell” rating in a report on Saturday, October 17th. Weiss Ratings started coverage on shares of QumulusAI in a research report on Monday, October 12th. They issued a “sell (e-)” rating for the company. Zacks Research upgraded shares of QumulusAI to a “hold” rating in a research note on Friday, August 28th. Finally, Compass Point began coverage on shares of QumulusAI in a report on Friday, October 16th. They set a “buy” rating and a $9.00 price objective on the stock. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, QumulusAI presently has an average rating of “Hold” and an average price target of $11.00.
Check Out Our Latest Stock Analysis on QumulusAI
QumulusAI Stock Down 1.9%
Shares of NASDAQ QMLS opened at $3.07 on Wednesday. The stock has a 50 day moving average price of $5.11. QumulusAI has a 52-week low of $2.58 and a 52-week high of $38.00. The firm has a market cap of $102.72 million and a P/E ratio of -1.35.
QumulusAI (NASDAQ:QMLS – Get Free Report) last posted its quarterly earnings data on Tuesday, November 10th. The company reported ($0.29) earnings per share for the quarter, missing the consensus estimate of ($0.27) by ($0.02). On average, sell-side analysts expect that QumulusAI will post -2.71 earnings per share for the current year.
QumulusAI Company Profile
QumulusAI is a cloud infrastructure company specializing in rapid deployment of graphics processing unit (“GPU”)-powered solutions for artificial intelligence (“AI”) applications, serving a critical market that is often overlooked by large-scale cloud providers (“hyperscalers”), which operate massive, standardized computing infrastructures primarily serving the largest enterprises. Our platform delivers flexible, competitively priced, and customizable solutions for underserved small and mid-market customers—including machine learning teams, AI infrastructure startups, and research institutions—while also supporting the scale and complexity requirements of large enterprises, such as long-term deployments or supplemental on-demand compute capacity.
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