Examining the Volatility of QuidelOrtho Corporation’s (QDEL) Stock

The stock of QuidelOrtho Corporation (QDEL) has seen a -11.21% decrease in the past week, with a -7.42% drop in the past month, and a -42.81% decrease in the past quarter. The volatility ratio for the week is 4.75%, and the volatility levels for the past 30 days are at 3.72% for QDEL. The simple moving average for the past 20 days is -9.79% for QDEL’s stock, with a -39.38% simple moving average for the past 200 days.

Is It Worth Investing in QuidelOrtho Corporation (NASDAQ: QDEL) Right Now?

QDEL has 36-month beta value of 0.12. Analysts have mixed views on the stock, with 3 analysts rating it as a “buy,” 2 as “overweight,” 2 as “hold,” and 0 as “sell.”

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The public float for QDEL is 48.11M, and currently, short sellers hold a 5.08% ratio of that float. The average trading volume of QDEL on April 03, 2024 was 1.02M shares.

QDEL) stock’s latest price update

The stock price of QuidelOrtho Corporation (NASDAQ: QDEL) has plunged by -10.32 when compared to previous closing price of 47.00, but the company has seen a -11.21% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-07 that QuidelOrtho’s (QDEL) receipt of Health Canada’s approval is likely to aid in the diagnosis of preterm pre-eclampsia and prognosis of delivery in symptomatic women.

Analysts’ Opinion of QDEL

Many brokerage firms have already submitted their reports for QDEL stocks, with UBS repeating the rating for QDEL by listing it as a “Sell.” The predicted price for QDEL in the upcoming period, according to UBS is $42 based on the research report published on March 04, 2024 of the current year 2024.

JP Morgan, on the other hand, stated in their research note that they expect to see QDEL reach a price target of $37, previously predicting the price at $66. The rating they have provided for QDEL stocks is “Underweight” according to the report published on February 14th, 2024.

Citigroup gave a rating of “Neutral” to QDEL, setting the target price at $72 in the report published on December 11th of the previous year.

QDEL Trading at -22.91% from the 50-Day Moving Average

After a stumble in the market that brought QDEL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -57.28% of loss for the given period.

Volatility was left at 3.72%, however, over the last 30 days, the volatility rate increased by 4.75%, as shares sank -4.92% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -40.92% lower at present.

During the last 5 trading sessions, QDEL fell by -11.21%, which changed the moving average for the period of 200-days by -50.20% in comparison to the 20-day moving average, which settled at $46.61. In addition, QuidelOrtho Corporation saw -42.81% 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 QDEL starting from Busky Joseph M, who purchase 2,150 shares at the price of $46.35 back on Feb 23 ’24. After this action, Busky Joseph M now owns 2,150 shares of QuidelOrtho Corporation, valued at $99,663 using the latest closing price.

Stock Fundamentals for QDEL

Current profitability levels for the company are sitting at:

  • 0.05 for the present operating margin
  • 0.48 for the gross margin

The net margin for QuidelOrtho Corporation stands at -0.0. The total capital return value is set at 0.02. Equity return is now at value -0.20, with -0.12 for asset returns.

Based on QuidelOrtho Corporation (QDEL), the company’s capital structure generated 0.33 points at debt to capital in total, while cash flow to debt ratio is standing at 0.11. The debt to equity ratio resting at 0.49. The interest coverage ratio of the stock is 0.94.

Currently, EBITDA for the company is 703.5 million with net debt to EBITDA at 6.83. When we switch over and look at the enterprise to sales, we see a ratio of 1.77. The receivables turnover for the company is 6.14for trailing twelve months and the total asset turnover is 0.35. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.57.

Conclusion

To put it simply, QuidelOrtho Corporation (QDEL) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.

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