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

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

Other research analysts have also issued reports about the company. Weiss Ratings started coverage on QumulusAI in a report on Monday, October 12th. They set a “sell (e-)” rating on the stock. Wall Street Zen downgraded QumulusAI from a “hold” rating to a “sell” rating in a report on Saturday, October 17th. Chardan Capital lowered their price target on QumulusAI to $13.00 and set a “buy” rating for the company in a report on Wednesday. Zacks Research raised QumulusAI to a “hold” rating in a research report on Friday, August 28th. Finally, Compass Point initiated coverage on QumulusAI in a report on Friday, October 16th. They set a “buy” rating and a $9.00 price objective on the stock. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $10.33.

QumulusAI Stock Up 19.8%

Shares of NASDAQ QMLS traded up $0.61 during midday trading on Wednesday, reaching $3.68. 112,178 shares of the stock were exchanged, compared to its average volume of 430,298. QumulusAI has a 12 month low of $2.58 and a 12 month high of $38.00. The stock has a market capitalization of $123.06 million and a P/E ratio of -1.58. The business’s 50-day moving average is $5.11.

QumulusAI (NASDAQ:QMLS) last released its quarterly earnings data on Tuesday, November 10th. The company reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.02). The company had revenue of $14.76 million for the quarter, compared to analyst estimates of $18.00 million. Equities research analysts anticipate that QumulusAI will post -2.71 earnings per share for the current 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.