QMMM (NASDAQ:QMMM) Stock Price Up 19.4% – Should You Buy?

QMMM Holdings Limited (NASDAQ:QMMM) was up 19.4% on Friday . The stock traded as high as $119.40 and last traded at $119.40. Approximately 773,300 shares were traded during trading, The stock had previously closed at $100.00.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on QMMM shares. Wall Street Zen raised QMMM from a “sell” rating to a “hold” rating in a research report on Monday, September 29th. Weiss Ratings reissued a “sell (e+)” rating on shares of QMMM in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

QMMM Trading Up 19.4%

The stock has a 50-day moving average price of $89.63 and a 200 day moving average price of $32.15.

Institutional Investors Weigh In On QMMM

An institutional investor recently bought a new position in QMMM stock. Y Intercept Hong Kong Ltd acquired a new stake in QMMM Holdings Limited (NASDAQ:QMMM) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 2,462 shares of the company’s stock, valued at approximately $294,000.

QMMM Company Profile

QMMM Holdings Ltd. engages in the provision of digital advertising services. It offers interactive design, animation, art-tech and virtual technologies used in commercial campaigns. It has worked with domestic and international banks, real estate developers, amusement parks, international athletic apparel, footwear brands, luxury cosmetic products, and international brands.