QumulusAI Inc. (NASDAQ:QMLS) Stock Has Average Target Price of $10.33

QumulusAI Inc. (NASDAQ:QMLS) has earned an average recommendation of “Hold” from the five analysts that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $10.33.

A number of brokerages recently weighed in on QMLS. Zacks Research raised shares of QumulusAI to a “hold” rating in a report on Friday, August 28th. B. Riley Financial decreased their price objective on shares of QumulusAI from $11.00 to $9.00 and set a “buy” rating for the company in a report on Wednesday. Chardan Capital lowered their price objective on shares of QumulusAI to $13.00 and set a “buy” rating on the stock in a research report on Wednesday. Wall Street Zen cut shares of QumulusAI from a “hold” rating to a “sell” rating in a research note on Saturday, October 17th. Finally, Weiss Ratings initiated coverage on shares of QumulusAI in a research note on Monday, October 12th. They issued a “sell (e-)” rating on the stock.

QumulusAI Stock Down 2.1%

QMLS stock traded down $0.06 during midday trading on Friday, hitting $2.75. The company’s stock had a trading volume of 447,046 shares, compared to its average volume of 255,780. The company’s 50-day moving average is $4.95. The company has a current ratio of 0.58, a quick ratio of 0.80 and a debt-to-equity ratio of 8.00. QumulusAI has a 1 year low of $2.35 and a 1 year high of $38.00. The stock has a market cap of $95.83 million and a PE ratio of -1.21.

QumulusAI (NASDAQ:QMLS) last announced its earnings results on Tuesday, November 10th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.27) by ($0.02). The firm had revenue of $14.76 million during the quarter, compared to analysts’ expectations of $18.00 million. As a group, equities analysts forecast that QumulusAI will post -3.01 earnings per share for the current fiscal 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.