QumulusAI Inc. (NASDAQ:QMLS) Stock Has Average Price Target of $14.33 According to Analysts

Key Points

• Analyst consensus is “Hold” for QumulusAI, based on five ratings: three buys, one hold, and one sell. The average 12-month price target is $14.33.
• QMLS shares rose 7.6% to $3.83, but remain well below their 52-week high of $38.00; the company’s market capitalization is approximately $128.15 million.
• QumulusAI reported a quarterly loss of $0.72 per share on $6.71 million in revenue, while analysts expect a full-year loss of $2.77 per share.

Shares of QumulusAI Inc. (NASDAQ:QMLS - Get Free Report) have been assigned a consensus rating of "Hold" from the five ratings firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $14.33.

A number of brokerages have weighed in on QMLS. Weiss Ratings assumed coverage on QumulusAI in a report on Monday, October 12th. They issued a "sell (e-)" rating on the stock. Compass Point began coverage on QumulusAI in a report on Friday, October 16th. They set a "buy" rating and a $9.00 price target for the company. B. Riley Financial started coverage on QumulusAI in a research report on Wednesday. They set a "buy" rating and a $11.00 price objective for the company. Chardan Capital restated a "buy" rating and set a $23.00 price objective on shares of QumulusAI in a research report on Wednesday, September 30th. Finally, Wall Street Zen lowered QumulusAI from a "hold" rating to a "sell" rating in a research note on Saturday.

QumulusAI Stock Up 7.6%

Shares of NASDAQ:QMLS traded up $0.27 during midday trading on Wednesday, hitting $3.83. The stock had a trading volume of 30,668 shares, compared to its average volume of 473,200. The stock has a 50-day moving average price of $6.00. The company has a market capitalization of $128.15 million and a P/E ratio of -1.69. QumulusAI has a fifty-two week low of $3.35 and a fifty-two week high of $38.00.

QumulusAI (NASDAQ:QMLS - Get Free Report) last posted its quarterly earnings results on Tuesday, August 25th. The company reported ($0.72) earnings per share (EPS) for the quarter. The company had revenue of $6.71 million for the quarter. As a group, equities research analysts expect that QumulusAI will post -2.77 earnings per share for the current fiscal year.

About QumulusAI

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.

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