Qurate Retail Inc (NASDAQ:QRTEA) does about 2.76M shares in volume on a normal day but saw 2649033 shares change hands in the recent trading day. The company now has a market cap of 165.53M USD. Its current market price is $0.35, marking a decrease of -4.22% compared to the previous close of $0.37. The 52 week high reached by this stock is $1.80 whilst the lowest price level in 52 weeks is $0.34.
Qurate Retail Inc (QRTEA) has a 20-day trading average at $0.3912 and the current price is -80.46% off the 52-week high compared with 1.97% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.4816 and its 200-day simple moving average is $0.7131. If we look at the stock’s price movements over the week, volatility stands at 10.93%, which decreases to 10.62% 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 34.40 to suggest the stock is neutral.
The consensus objective for the share price is $0.50, suggesting that the stock has a potential upside of 30.0% 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 -10.07%, -26.96%, and -50.66% 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 down -3.62% over the week and -22.24% over the past month. Its price is -59.82% year-to-date and -65.17% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at 0.3 and 0.34 for whole year. Expected sales for next quarter are $2.31B, which analysts say will come at $10.13B for the current fiscal year and next year at $10.03B. In addition, estimates put the company’s current quarterly revenue at an average of $3.04B.
To reach the target analysts have set, the stock logically needs to grow 30.0 percent from here.
The company has a return on investment of -4.28% and return on equity of -56.13%. The forward price to earnings ratio is 0.59. The beta has a value of 2.72. Price to book ratio is 0.35 and price to sales ratio is 0.02.
