Qualstar Corporation (QBAK) Stock: Seeing Gains In Today’s Session


Qualstar Corporation (QBAK) is working its way for to the top in the market in today’s trading session. The stock, focused in the technology space, is presently trading at $5.26 after climbing 9.05% so far today. In terms of technology stocks, there are several aspects that have the potential to lead to gains in the market. One of the most common is news. Here are the most recent trending headlines surrounding QBAK:

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May-07-19 04:10PM Qualstar Reports Fiscal 2019 First Quarter Results
May-03-19 12:19PM Does Qualstar Corporation’s (NASDAQ:QBAK) P/E Ratio Signal A Buying Opportunity?
Apr-06-19 10:54AM Is Qualstar Corporation’s (NASDAQ:QBAK) 20% ROE Better Than Average?
Mar-11-19 09:05AM An Examination Of Qualstar Corporation (NASDAQ:QBAK)
Mar-07-19 05:15PM Qualstar Reports Results for the Fourth Quarter and Year Ending December 31, 2018

However, when making a decision with regard to investing, prospective investors should focus on far more than news, this is especially the case in the ever changing tech industry. Here’s what’s happing when it comes to Qualstar Corporation.

Recent Trends From QBAK

While a single session gain, like the gain that we’re seeing from Qualstar Corporation may lead to excitement in some investors, a single session move alone shouldn’t be the reason for a decision to, or not to, invest in a company. It is generally a good idea to look into trends experienced by the stock beyond a single session. As it relates to QBAK, below are the trends that investors have seen:

  • Past Seven Days – In the past seven days, QBAK has seen a price change in the amount of -2.43%.
  • Past 30 Days – The monthly ROI from Qualstar Corporation has been -19.13%.
  • Past 3 Months – In the last 3 months, the stock has generated a return that works out to -19.40%
  • Bi-Annually – In the previous 6 months, we’ve seen a performance that works out to -20.85% from the company.
  • Year To Date – Since the the first trading session of this year QBAK has produced a ROI of -8.19%.
  • Annually – Lastly, in the last year, investors have seen performance that comes to -52.75% from QBAK. Throughout this period of time, the stock has sold at a high price of -47.95% and a low of 16.55%.

Crucial Ratios

Digging into a few ratios associated with a company can provide prospective traders a look of just how risky and/or potentially profitable a pick may be. Below are a few of the key ratios to look at when digging into QBAK.

Short Ratio – The short ratio is a measure of short interest. The higher this short ratio, the more investors are expecting that the stock is headed for declines. In general, strong technology stocks tend to come with a lower short ratio. On the other hand, we tend to see quite a few short squeezes in the space. Nonetheless, when it comes to Qualstar Corporation, it’s short ratio is 0.94.

Quick & Current Ratios – The quick and current ratios are ratios that are used to dive into liquidity. Essentially, they measure whether or not a company can pay its debts when they mature with only current assets or quick assets. Because in tech, companies rely on the continuation of investor support as they work to bring new technologies to market, the current and quick ratios can seem damning. However, quite a few good picks in the tech sector come with positive current and quick ratios. When it comes to QBAK, the quick and current ratios total up to 2.60 and 3.60 respectively.  

Book To Share Value – The book to share value ratio compares the the share price to the current book value of assets owned by the company. when it comes to Qualstar Corporation, that ratio is 3.62.

Cash To Share Value – Finally, the cash to share value ratio compares the total cash on hand to the price of shares. In this case, the cash to share value works out to 2.29.

Moves From Big Money Players

An interesting fact I have come to understand in my short time here is that smart investors tend to follow the moves made by big money investors. Usually, investors that are trying to keep the risk down will watch trades made by institutions and those on the inside. So, where is the big money as it relates to QBAK? Here’s what’s going on:

  • Institutional Investors – At the moment, institutional investors hold 17.70% of Qualstar Corporation. On the other hand, it’s important to consider that the ownership held by institutions has seen a move in the amount of 1.68% throughout the past 3 months.
  • Investors On The Inside – As far as insiders go, those close to the situation currently own 37.62% of Qualstar Corporation. Their ownership of the company has seen a move of 0.00% throughout the past quarter.

What Analysts Think About Qualstar Corporation

Although it’s rarely a good idea to blindly follow the thoughts of analysts, it is a good idea to use their analysis when validating your own before making an investment decision in the tech space. Here are the recent moves that we have seen from analysts as it relates to QBAK.

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Aug-13-07 Reiterated Wedbush Morgan Hold $3.50 → $4

Financial Results And Expectations

What have ween seen from QBAK in terms of financial results?Here’s what we’ve seen:

  • Analyst Expectations – Currently, Wall St. analysts expect that QBAK will come up with EPS in the amount of 0, with 0 to be announced in the earnings report for the current quarter. Although this information is not based on earnings, since we are talking about analysts, the stock is currently rated a 0 when rated on a scale from 1 to 5 where 1 is the poorest possible Wall St. analyst rating and 5 is the best possible rating.
  • 5-Year Sales – Over the last half decade, Qualstar Corporation has announced a movement in sales volume that adds up to 2.30%. Earnings per share over the past half decade have generated a change of 29.00%.
  • Quarter Over Quarter – when it comes to quarter over quarter earnings data, or Q/Q data as it is generally referred to as in today’s society, Qualstar Corporation has generated a earnings change by -76.10%. The company has also experienced movement with regard to revenue that totals 0.00%.

Looking At Share Counts

Investors and traders seem to have an interest in the counts of shares both available and outstanding. In terms of Qualstar Corporation, currently there are 2.05M and there is a float of 1.21M. This means that of the total of 2.05M shares of QBAK in existence today, 1.21M are available to be traded by the public.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to QBAK, the short percent of the float is 0.48%.

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