Qurate Retail Inc (NASDAQ: QRTEA) has seen a decline in its stock price by -1.04 in relation to its previous close of 0.94. However, the company has experienced a 3.21% gain in its stock price over the last five trading sessions. Business Wire reported 2024-04-30 that ENGLEWOOD, Colo.–(BUSINESS WIRE)–Qurate Retail, Inc. to Present at MoffettNathanson Media, Internet & Communications Conference.
Is It Worth Investing in Qurate Retail Inc (NASDAQ: QRTEA) Right Now?
The stock has a 36-month beta value of 2.80. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for QRTEA is 350.31M, and at present, short sellers hold a 2.22% of that float. On May 06, 2024, the average trading volume of QRTEA was 3.52M shares.
QRTEA’s Market Performance
QRTEA’s stock has seen a 3.21% increase for the week, with a -16.22% drop in the past month and a 9.40% gain in the past quarter. The volatility ratio for the week is 9.93%, and the volatility levels for the past 30 days are at 8.18% for Qurate Retail Inc The simple moving average for the past 20 days is -4.66% for QRTEA’s stock, with a 7.98% simple moving average for the past 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.
BofA Securities, on the other hand, stated in their research note that they expect to see QRTEA reach a price target of $6.30, previously predicting the price at $11.50. The rating they have provided for QRTEA stocks is “Neutral” according to the report published on February 28th, 2022.
BofA Securities gave a rating of “Buy” to QRTEA, setting the target price at $16 in the report published on April 09th of the previous year.
QRTEA Trading at -18.18% 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 -48.33% of loss for the given period.
Volatility was left at 8.18%, however, over the last 30 days, the volatility rate increased by 9.93%, as shares sank -8.82% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -31.11% lower at present.
During the last 5 trading sessions, QRTEA rose by +3.21%, which changed the moving average for the period of 200-days by -12.26% in comparison to the 20-day moving average, which settled at $0.9710. In addition, Qurate Retail Inc saw 6.23% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at QRTEA starting from Wendling Brian J, who sale 20,000 shares at the price of $0.89 back on Nov 27 ’23. After this action, Wendling Brian J now owns 20,000 shares of Qurate Retail Inc, valued at $17,852 using the latest closing price.
ROMRELL LARRY E, the Director of Qurate Retail Inc, sale 1,204 shares at $28.56 during a trade that took place back on Nov 08 ’23, which means that ROMRELL LARRY E is holding 0 shares at $34,383 based on the most recent closing price.
Stock Fundamentals for QRTEA
Current profitability levels for the company are sitting at:
- 0.08 for the present operating margin
- 0.31 for the gross margin
The net margin for Qurate Retail Inc stands at -0.01. The total capital return value is set at 0.11. Equity return is now at value -36.39, with -1.21 for asset returns.
Based on Qurate Retail Inc (QRTEA), the company’s capital structure generated 0.95 points at debt to capital in total, while cash flow to debt ratio is standing at 0.14. The debt to equity ratio resting at 17.27. The interest coverage ratio of the stock is 2.04.
Currently, EBITDA for the company is 1.02 billion with net debt to EBITDA at 5.22. When we switch over and look at the enterprise to sales, we see a ratio of 0.59. The receivables turnover for the company is 8.34for trailing twelve months and the total asset turnover is 0.96. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.41.
Conclusion
To sum up, Qurate Retail Inc (QRTEA) has seen a better performance recently. Analysts have differing views on the stock, with some seeing 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.
