Qurate Retail Inc (NASDAQ:QRTEA) does about 2.83M shares in volume on a normal day but saw 4157059 shares change hands in the recent trading day. The company now has a market cap of 215.99M USD. Its current market price is $0.43, marking an increase of 8.64% compared to the previous close of $0.40. The 52 week high reached by this stock is $1.80 whilst the lowest price level in 52 weeks is $0.35.
Qurate Retail Inc (QRTEA) has a 20-day trading average at $0.4644 and the current price is -75.89% off the 52-week high compared with 24.00% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.5382 and its 200-day simple moving average is $0.7701. If we look at the stock’s price movements over the week, volatility stands at 10.90%, which decreases to 8.02% 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 42.77 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 32.81% 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 -6.55%, -19.36%, and -43.65% away from its SMA20, SMA50, and SMA200 respectively, with the QRTEA price moving above the 50-day SMA on current market day. Qurate Retail Inc (QRTEA) stock is up 7.27% over the week and -20.01% over the past month. Its price is -50.43% year-to-date and -43.67% over the past year.
The stock last released its quarterly earnings report for quarter ended 9/30/2024, with the company’s earnings per share (EPS) of 0.22 below consensus estimates by -0.02. The company’s next earnings report forecasts estimating quarterly EPS at 0.31 and 0.5 for whole year. Expected sales for next quarter are $2.3B, which analysts say will come at $10.22B for the current fiscal year and next year at $10.11B. In addition, estimates put the company’s current quarterly revenue at an average of $3.05B.
To reach the target analysts have set, the stock logically needs to grow 32.81 percent from here.
Outstanding shares total 383.05M with insiders holding 8.54% of the shares and institutional holders owning 60.26% of the company’s common stock. The company has a return on investment of -4.28% and return on equity of -56.13%. The forward price to earnings ratio is 0.76. The beta has a value of 2.70. Price to book ratio is 0.43 and price to sales ratio is 0.02.
