Neutral/Negative Catalysts
- Near-term tape is weak: -4% today and momentum is decelerating (contracting MACD histogram), increasing odds of continued pullback.
- Options tape is bearish today (very put-heavy volume), aligning with near-term downside/hedging pressure.
- Earnings risk ahead: QDEC 2025 earnings on 2026-02-17 (pre-market) with an EPS estimate shown as -0.07, which can amplify volatility and headline risk.
- Gross margin contraction in the latest reported quarter (2025/Q3 gross margin down 7.10% YoY) is a profitability headwind if it persists.
- Sell-side remains mixed (JPMorgan Underweight; Deutsche Hold; Mizuho Underperform), which can cap multiples despite growth.