Insider Activity Monitoring: Qurate Retail Inc. (QRTEA)

Qurate Retail Inc. (NASDAQ:QRTEA) saw an upside of 1.10% to close Tuesday at $10.14 after adding $0.11 on the day. The 5-day average trading volume is 3,010,840 shares of the company’s common stock. It has gained $10.59 in the past week. An average of 2,908,535 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,257,570.

QRTEA’s 1-month performance is -2.59% or -$0.23 on its low of $9.98 reached on 10/12/21. The company’s shares have touched a 52-week low of $5.63 and high of $14.62, with the stock’s rally to the 52-week high happening on 05/10/21. YTD, QRTEA has lost -7.57% or -$0.83. However, the current price is down -30.64%% from the 52-week high price.


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Insider Transactions

On Oct 04, 9 days have gone by since the last insider trading activity for Qurate Retail Inc. (QRTEA). GEORGE MICHAEL A (Director) most recently sold 150,000 shares at $10.42 per share on Oct 04. This transaction cost the insider $1,563,270. Chief Executive Officer, GEORGE MICHAEL A, sold 150,000 shares at a price of $10.45 on Sep 08. Then, on Aug 13, Chief Legal/Admin Officer Wilm Renee L sold 11,334 shares at a price of $11.00 per share. This transaction amounted to $124,716.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 25.56 and a low of 2.950. QRTEA stock has a beta of 1.78. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.28 while the price-to-book (PB) in the most recent quarter is 1.10, with the price to cash flow ratio at 3.94.

Qurate Retail Inc.’s quick ratio for the period ended June 29 was 0.70, with the current ratio over the same period at 1.00 meaning that QRTEA stock is not able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.73, while the total debt to equity was 2.24. In terms of profitability, the gross margin trailing 12 months is 34.80%. The trailing 12-month EBITDA margin is 15.05% while for the period ending June 29; Qurate Retail Inc.’s operating margin was 13.10%. The firm’s gross profit as reported stood at $4.89 billion against revenue of $14.18 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 2.34% to $3.5 billion, while revenue of $3.34 billion was 4.77% off the previous quarter. Analysts expected QRTEA to announce $0.5 per share in earnings in its latest quarter, but it posted $0.54, representing a 8.00% surprise. EBITDA for the quarter stood at more than $562.0 million. QRTEA stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 12.99 billion, with total debt at $8.45 billion. Shareholders hold equity totaling $407.26 million

Technical Picture

Let’s look briefly at Qurate Retail Inc. (QRTEA) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 42.27% to suggest the stock is trending Neutral, with historical volatility in this time period at 31.19%.

The stock’s 5-day moving average is $10.22, reflecting a -1.93% or -$0.20 change from its current price. QRTEA is currently trading -1.17% above its 20-day SMA, -22.24% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -15.36% and -7.23% respectively.

Stochastic %K and %D was 21.39% and 32.78% and the average true range (ATR) pointed at 0.32. The RSI (14) points at 42.40%, while the 14-day stochastic is at 20.51% with the period’s ATR at 0.32. The stock’s 9-day MACD Oscillator is pointing at -0.11 and -0.20 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Qurate Retail Inc. (NASDAQ: QRTEA), BofA Securities launched coverage with a Buy rating. Analysts offering their rating for QRTEA stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate QRTEA as a “sell,”, while 3 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.

What is QRTEA’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $12.00 and a high of $19.00, with their median price target at $13.00. Looking at these predictions, the average price target given by analysts is for Qurate Retail Inc. (QRTEA) stock is $14.67.

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