QTWO Stock Summary and Trading Ideas (Q2 Holdings | NYSE:QTWO)

Q2 Holdings Inc. is a provider of cloud-based virtual banking solutions for regional financial institutions to deliver mobile banking services to retail and commercial end-users who wish to bank anywhere and anytime. Its solutions operate on an integrated tablet-first platform which provides financial institutions a comprehensive view of account holder activity and meets the regulatory and security requirements applicable to the industry. The firm generates revenue from subscription-based arrangements for software offerings. A large majority of the firm's revenue is generated in the United States.

Q2 Holdings trades on the NYSE stock market under the symbol QTWO.

As of April 24, 2024, QTWO stock price climbed to $53.78 with 478,464 million shares trading.

QTWO has a beta of 2.18, meaning it tends to be more sensitive to market movements. QTWO has a correlation of 0.51 to the broad based SPY ETF.

QTWO has a market cap of $3.18 billion. This is considered a Mid Cap stock.

Last quarter Q2 Holdings reported $162 million in Revenue and $.27 earnings per share. This beat revenue expectation by $635,467 and exceeded earnings estimates by $.02.

In the last 3 years, QTWO stock traded as high as $108.89 and as low as $18.91.

The top ETF exchange traded funds that QTWO belongs to (by Net Assets): VTI, VB, IWM, VGT, VXF.

QTWO has outperformed the market in the last year with a price return of +120.1% while the SPY ETF gained +24.2%. QTWO has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +21.1% and 0.0%, respectively, while the SPY returned +4.6% and -2.7%, respectively.

QTWO support price is $52.03 and resistance is $54.76 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that QTWO stock will trade within this expected range on the day.