This Analyst Recently Issued Research Note On Qurate Retail Inc. (QRTEA)

As of Thursday close, Qurate Retail Inc.’s (NASDAQ:QRTEA) stock was up $0.17, moving up 5.01 percent to $3.56. The average number of shares traded per day over the past five days has been 12,368,340 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.75 fall in that time frame. In the last twenty days, the average volume was 7,248,245, while in the previous 50 days, it was 6,218,566.

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Since last month, QRTEA stock retreated -18.72%. Shares of the company fell to $2.90 on 05/06/22, the lowest level in the past month. A 52-week high of $12.36 was reached on 01/12/22 after having rallying from a 52-week low of $2.90. Since the beginning of this year, QRTEA’s stock price has dropped by -53.16% or -$4.04, and marked a new high 4 times. However, the stock has declined by -71.21% since its 52-week high.

Qurate Retail Inc. (QRTEA) last reported insider trading activity 193 days ago on Nov 01. GEORGE MICHAEL A, the Director of the company, disposed of 150,000 shares for $10.64 on Nov 01. It resulted in a $1,595,910 divestment by the insider. GEORGE MICHAEL A sold 150,000 shares at an average price of $10.42 on Oct 04. The insider now owns 1,962,929 shares following the transaction. On Sep 08, Chief Executive Officer GEORGE MICHAEL A sold 150,000 shares at $10.45 apiece. The transaction was valued at $1,567,785.

Valuation Metrics

Right now, Qurate Retail Inc. (QRTEA) has a P/E ratio of about 4.66. The stock’s beta is 1.70. Besides these, the trailing price-to-sales (P/S) ratio of 0.11, the price-to-book (PB) ratio of 0.47, and the price-to-cash flow ratio of 10.53 may also be considered.

The latest dividend of $1.25 per share was paid out, which is -16.67% less than last year’s $1.50.

Financial Health

In the three months ended September 29, Qurate Retail Inc.’s quick ratio stood at 0.60, while its current ratio was 1.00, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 2.24, and the total debt-to-equity ratio was 2.90. On the profitability front, the trailing twelve-month gross margin is 34.30% percent. In the year ended September 29, operating margins totaled 5.90%. Based on annual data, QRTEA earned $4.81 billion in gross profit and brought in $14.04 billion in revenue.

In Qurate Retail Inc.’s quarter-end financial report for September 29, it reported total debt of $5.19 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. QRTEA’s revenue fell -15.75% to $4.06 billion during the quarter, while net income inched up to $2.88 billion. While analysts expected Qurate Retail Inc. to report $0.49 quarterly earnings, the actual figure was $0.3 per share, beating the consensus estimate by -38.80%. During the quarter, the company generated $236.0 million in EBITDA. The liabilities of Qurate Retail Inc. were 12.8 billion at the end of its most recent quarter ended September 29, and its total debt was $8.55 billion. The value of shareholders’ equity is $382.01 million.

Technical Picture

This quick technical analysis looks at Qurate Retail Inc.’s (QRTEA) price momentum. With a historical volatility rate of 106.64%, the RSI 9-day stood at 32.20% on 12 May.

With respect to its five-day moving average, the current Qurate Retail Inc. price is down by -17.40% percent or -$0.75. At present, QRTEA shares trade -21.59% below its 20-day simple moving average and -53.59% percent below its 100-day simple moving average. However, the stock is currently trading approximately -34.20% below its SMA50 and -70.23% below its SMA200.

Stochastic coefficient K was 39.64% and Stochastic coefficient D was 41.57%, while ATR was 0.36. Given the Stochastic reading of 39.64% for the 14-day period, the RSI (14) reading has been calculated as 33.70%. As of today, the MACD Oscillator reading stands at -0.41, while the 14-day reading stands at -0.52.

Analyst Ratings

Qurate Retail Inc. downgraded its rating on Qurate Retail Inc. (NASDAQ: QRTEA) to a Neutral in a note to investors on February 28, 2022. The analysts firm previously had a Buy rating on the stock.Qurate Retail Inc. (QRTEA) has been rated Hold by analysts. According to 0 brokerage firms, QRTEA is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Qurate Retail Inc. stock as buy, with 0 recommending it as overweight.

With a median target price of $4.20, the current consensus forecast for the stock is $4.00 – $5.00. Based on these forecasts, analysts predict Qurate Retail Inc. (QRTEA) will achieve an average price target of $4.40.


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