Qurate Retail Inc. (NASDAQ: QRTEA)’s stock price has dropped by -1.97 in relation to previous closing price of 0.63. Nevertheless, the company has seen a gain of 0.66% in its stock price over the last five trading days. Business Wire reported 2023-08-23 that ENGLEWOOD, Colo.–(BUSINESS WIRE)–Qurate Retail, Inc. to Present at Goldman Sachs Communacopia & Technology Conference.
Is It Worth Investing in Qurate Retail Inc. (NASDAQ: QRTEA) Right Now?
The 36-month beta value for QRTEA is also noteworthy at 2.08. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
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The average price estimated by analysts for QRTEA is $0.65, The public float for QRTEA is 349.63M, and at present, short sellers hold a 3.25% of that float. The average trading volume of QRTEA on September 18, 2023 was 9.48M shares.
QRTEA’s Market Performance
QRTEA’s stock has seen a 0.66% increase for the week, with a -32.70% drop in the past month and a -32.13% fall in the past quarter. The volatility ratio for the week is 7.44%, and the volatility levels for the past 30 days are at 7.99% for Qurate Retail Inc. The simple moving average for the last 20 days is -13.40% for QRTEA’s stock, with a simple moving average of -52.04% for the last 200 days.
Analysts’ Opinion of QRTEA
Many brokerage firms have already submitted their reports for QRTEA stocks, with BofA Securities repeating the rating for QRTEA by listing it as a “Underperform.” The predicted price for QRTEA in the upcoming period, according to BofA Securities is $1.20 based on the research report published on November 04, 2022 of the previous year 2022.
QRTEA Trading at -30.10% from the 50-Day Moving Average
After a stumble in the market that brought QRTEA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -78.10% of loss for the given period.
Volatility was left at 7.99%, however, over the last 30 days, the volatility rate increased by 7.44%, as shares sank -28.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -40.18% lower at present.
During the last 5 trading sessions, QRTEA rose by +0.66%, which changed the moving average for the period of 200-days by -70.52% in comparison to the 20-day moving average, which settled at $0.7061. In addition, Qurate Retail Inc. saw -61.83% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at QRTEA starting from MAFFEI GREGORY B, who sale 101 shares at the price of $35.63 back on Aug 16. After this action, MAFFEI GREGORY B now owns 0 shares of Qurate Retail Inc., valued at $3,599 using the latest closing price.
Rawlinson David, the President/CEO of Qurate Retail Inc., sale 89,300 shares at $0.92 during a trade that took place back on Mar 17, which means that Rawlinson David is holding 372,004 shares at $82,406 based on the most recent closing price.
Stock Fundamentals for QRTEA
Current profitability levels for the company are sitting at:
- +3.54 for the present operating margin
- +19.60 for the gross margin
The net margin for Qurate Retail Inc. stands at -21.43. The total capital return value is set at 4.17, while invested capital returns managed to touch -28.84. Equity return is now at value -578.80, with -22.10 for asset returns.
Based on Qurate Retail Inc. (QRTEA), the company’s capital structure generated 1,994.42 points at debt to equity in total, while total debt to capital is 95.23. Total debt to assets is 65.36, with long-term debt to equity ratio resting at 1,774.51. Finally, the long-term debt to capital ratio is 84.73.
When we switch over and look at the enterprise to sales, we see a ratio of 0.62, with the company’s debt to enterprise value settled at 1.07. The receivables turnover for the company is 7.02 and the total asset turnover is 0.84. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.38.
Conclusion
In summary, Qurate Retail Inc. (QRTEA) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
