Quantum Corp is a Tech Stock for Bargain Investors

QuantumTechnology investments are perfect for alternative investors, especially with so much activity at the bargain end of the market. Tech manufacturers have direct ties to alternative energy thanks to their focus on power efficiency and a reduction in wasted resources. Quantum Corp. (NASDAQ: QMCO) is a small technology company that manufactures custom storage devices for video and other forms of information-rich media. It offers physical, virtual, and cloud-based solutions to its clients.

The company isn’t profitable yet, but its innovative technologies are expected to drive it towards a positive bottom line in the next three years. Today it trades at a bargain, making it appealing to investors looking for up-and-coming tech companies. Quantum Corp. is expected to grow its earnings by at least 12% over the current year, which could help to drive demand for the stock and send the price upwards.

There’s momentum behind this pick and analyst ratings are positive. The current average target of $11.33 suggests that the stock could increase significantly in the mid-term. The high-end target of $15 suggests even stronger stock price growth if the bull market sustains. This is a promising stock that could help to diversify a bargain portfolio based on clean energy and alternative picks.

Key Data:

  • 1 Year Price Growth: 89%
  • YTD Price Growth: 25%
  • 3 Month Price Growth: 20%

All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.

 

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