QumulusAI (NASDAQ:QMLS) Stock Price Target Lowered at B. Riley Financial

QumulusAI (NASDAQ:QMLS) had its price objective reduced by analysts at B. Riley Financial from $11.00 to $9.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. B. Riley Financial‘s price target would indicate a potential upside of 144.70% from the stock’s current price.

Several other brokerages have also weighed in on QMLS. Chardan Capital cut their price objective on shares of QumulusAI to $13.00 and set a “buy” rating on the stock in a report on Wednesday. Compass Point started coverage on shares of QumulusAI in a report on Friday, October 16th. They set a “buy” rating and a $9.00 target price for the company. Weiss Ratings began coverage on shares of QumulusAI in a report on Monday, October 12th. They set a “sell (e-)” rating for the company. Wall Street Zen cut shares of QumulusAI from a “hold” rating to a “sell” rating in a research report on Saturday, October 17th. Finally, Zacks Research raised QumulusAI to a “hold” rating in a research note on Friday, August 28th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $10.33.

QumulusAI Price Performance

QumulusAI stock traded up $0.61 during trading hours on Wednesday, reaching $3.68. 112,178 shares of the company’s stock traded hands, compared to its average volume of 430,298. The company has a market cap of $123.06 million and a price-to-earnings ratio of -1.58. QumulusAI has a fifty-two week low of $2.58 and a fifty-two week high of $38.00. The business’s 50 day moving average price is $5.11.

QumulusAI (NASDAQ:QMLS) last issued its quarterly earnings results on Tuesday, November 10th. The company reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.27) by ($0.02). The firm had revenue of $14.76 million for the quarter, compared to the consensus estimate of $18.00 million. On average, analysts forecast that QumulusAI will post -2.71 EPS 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.