Qurate Retail Inc (NASDAQ:QRTEA) does about 2.63M shares in volume on a normal day but saw 1387695 shares change hands in the recent trading day. The company now has a market cap of 250.06M USD. Its current market price is $0.63, marking a decrease of -7.53% compared to the previous close of $0.68. The 52 week high reached by this stock is $1.80 whilst the lowest price level in 52 weeks is $0.40.
Qurate Retail Inc (QRTEA) has a 20-day trading average at $0.5757 and the current price is -65.00% off the 52-week high compared with 57.50% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.6007 and its 200-day simple moving average is $0.8299. If we look at the stock’s price movements over the week, volatility stands at 8.13%, which decreases to 7.51% 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 55.61 to suggest the stock is neutral.
The consensus objective for the share price is $0.64, suggesting that the stock has a potential upside of 1.56% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on November 04, 2022 when BofA Securities downgraded the stock to “Underperform” and issued a price target of between $4 and $1.20. BofA Securities also downgraded the stock to “Neutral” from Buy on February 28, 2022 at a price target of $11.50-$6.30. BofA Securities initiated its price target at $16.
The current price level is 10.67%, 4.58%, and -24.22% away from its SMA20, SMA50, and SMA200 respectively, with the QRTEA price moving below the 50-day SMA on current market day. Qurate Retail Inc (QRTEA) stock is up 3.26% over the week and 26.38% over the past month. Its price is -28.04% year-to-date and 34.27% over the past year.
To reach the target analysts have set, the stock logically needs to grow 1.56 percent from here.
The company has a return on investment of -3.78% and return on equity of -53.32%. The forward price to earnings ratio is 1.10. The beta has a value of 2.74. Price to book ratio is 0.76 and price to sales ratio is 0.02.
