Qurate Retail Inc (NASDAQ: QRTEA)’s stock price has dropped by -0.84 in relation to previous closing price of 0.56. Nevertheless, the company has seen a loss of -8.01% in its stock price over the last five trading days. seekingalpha.com reported 2024-10-14 that Qurate Retail is transitioning from cable TV to e-commerce, with e-commerce now constituting the majority of sales, improving margins and cash flow. Despite sales declines, operational turnaround efforts under Project Athens have stabilized revenue, grown OIBDA, and are expected to generate $400 million in free cash flow for 2024. The company faces significant debt challenges but is making progress with creative refinancing and debt reduction strategies, enhancing financial flexibility.
Is It Worth Investing in Qurate Retail Inc (NASDAQ: QRTEA) Right Now?
The 36-month beta value for QRTEA is at 2.75. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for QRTEA is 354.93M, and currently, shorts hold a 1.30% of that float. The average trading volume for QRTEA on October 21, 2024 was 2.56M shares.
QRTEA’s Market Performance
The stock of Qurate Retail Inc (QRTEA) has seen a -8.01% decrease in the past week, with a -3.56% drop in the past month, and a -24.58% fall in the past quarter. The volatility ratio for the week is 5.33%, and the volatility levels for the past 30 days are at 7.17% for QRTEA. The simple moving average for the past 20 days is -7.05% for QRTEA’s stock, with a -31.65% 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 -4.29% 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 -69.01% of loss for the given period.
Volatility was left at 7.17%, however, over the last 30 days, the volatility rate increased by 5.33%, as shares surge +0.02% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.47% lower at present.
During the last 5 trading sessions, QRTEA fell by -8.39%, which changed the moving average for the period of 200-days by -31.62% in comparison to the 20-day moving average, which settled at $0.6001. In addition, Qurate Retail Inc saw -36.28% 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 Wilm Renee L, who sale 75,789 shares at the price of $0.97 back on Sep 12 ’24. After this action, Wilm Renee L now owns 0 shares of Qurate Retail Inc, valued at $73,808 using the latest closing price.
Rawlinson David, the President/CEO of Qurate Retail Inc, purchase 90,600 shares at $0.72 during a trade that took place back on May 22 ’24, which means that Rawlinson David is holding 1,443,666 shares at $65,223 based on the most recent closing price.
Stock Fundamentals for QRTEA
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.27 for the gross margin
The net margin for Qurate Retail Inc stands at -0.02. The total capital return value is set at 0.08. Equity return is now at value -53.32, with -2.23 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 0.11. The debt to equity ratio resting at 20.16. The interest coverage ratio of the stock is 1.5.
Currently, EBITDA for the company is 1.02 billion with net debt to EBITDA at 5.27. When we switch over and look at the enterprise to sales, we see a ratio of 0.6. The receivables turnover for the company is 11.56for trailing twelve months and the total asset turnover is 0.95. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.34.
Conclusion
In conclusion, Qurate Retail Inc (QRTEA) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
