Qurate Retail Inc. (NASDAQ:QRTEA) does about 4.10M shares in volume on a normal day but saw 4588311 shares change hands in Monday trading. The company now has a market cap of 4.65B USD and an enterprise value of about $10.15B. Its current market price is $11.05, marking an increase of 1.19% compared to the previous close of $10.92. The 52 week high reached by this stock is $11.00 whilst the lowest price level in 52 weeks is $2.60. The script in recent trading has seen the stock touch a high of $11.11 and a low of $10.56.
Qurate Retail Inc. (QRTEA) has a 20-day trading average at $10.77 and the current price is 0.45% off the 52-week high compared with 324.95% distance from its 52-week low. The 50-day simple moving average of the closing price is $10.12 and its 200-day simple moving average is $8.43. If we look at the stock’s price movements over the week, volatility stands at 3.70%, which increases to 4.61% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 76.52 to suggest the stock is overbought.
The consensus objective for the share price is $12.83, suggesting that the stock has a potential upside of 13.87% over the period.
FactSet Research has provided data showing that 7 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 3 analysts have rated it as a buy and 3 have advised that investors hold their positions. The consensus recommendation rating is Overweight and Wall Street’s advice is for investors to Moderate Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on April 21, 2020 when UBS downgraded the stock to “Neutral” and issued a price target of between $10 and $9. Citigroup upgraded its price target at $19-$21.
The current price level is 17.91%, 26.41%, and 51.57% away from its SMA20, SMA50, and SMA200 respectively, with the QRTEA price moving below the 50-day SMA on August 31. Qurate Retail Inc. (QRTEA) stock is up 20.56% over the week and 17.24% over the past month. Its price is 51.73% year-to-date and 19.43% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/29/2020, with the company’s earnings per share (EPS) of $0.54 above consensus estimates by $0.05. The company’s next earnings report is expected on 11/05/2020, with forecasts estimating quarterly EPS at $0.44 and $1.93 for whole year. Expected sales for next quarter are $4.32 billion, which analysts say will come at $13.92 billion for the current fiscal year and next year at $13.6 billion. In addition, estimates put the company’s current quarterly revenue at an average of $3.25 billion.
Its 12-month price target is $12.00. To reach the target analysts have set, the stock logically needs to grow 13.87 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $7.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $20.00.
Outstanding shares total 417.00M with insiders holding 2.36% of the shares and institutional holders owning 103.29% of the company’s common stock. The company has a return on investment of 3.20% and return on equity of -8.70%. The forward price to earnings ratio is 5.42. The beta has a value of 1.37. Price to book ratio is 0.89 and price to sales ratio is 0.34.
According to a U.S. Securities and Exchange Commission filing, Dodge & Cox Funds – Stock Fund has reduced its position in Qurate Retail Inc. (QRTEA) to 36,580,476 shares, mirroring a recent drop by 0.00%. Dodge & Cox Funds – Stock Fund dumped 0.0 shares of Qurate Retail Inc. common stock bringing its total worth to about $399.09 million at the end of recent close, SEC documents show. Dodge & Cox Funds – Stock Fund isn’t the only investment manager who changed stakes and is followed by Oakmark Fund, which sold off 0.0 shares to end up with 13,030,387 shares worth $142.16 million. Vanguard Total Stock Market Index cut their holdings by -0.08% in the company over the course of the most recent quarter. It now holds a 2.85% position in Qurate Retail Inc. thanks to 11.02 million shares amounting to $120.24 million.