Value gained By Qurate Retail Inc. (QRTEA) In The Past Week: $1.6200

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Qurate Retail Inc. (NASDAQ:QRTEA) finished Thursday with an addition of $0.13 to close at $1.59, an upside of 8.90 percent. An average of 5,539,260 shares of common stock have been traded in the last five days. There was a gain of $0.0300 in the past week, and it reached a new high 5 times over the past 12 months. The last 20 days have seen an average of 7,531,335 shares traded, while the 50-day average volume stands at 7,976,892.

QRTEA stock has decreased by -27.40% in the last month. The company shares reached their 1-month lowest point of $1.4200 on 12/28/22. With the stock rallying to its 52-week high on 01/12/22, shares of the company touched a low of $1.42 and a high of $8.16 in 52 weeks. It has reached a new high 4 times so far this year and lost -79.08% or -$6.0100 in price. In spite of this, the price is down -80.51% from the 52-week high.


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Insider Transactions

QRTEA stock investors should be aware that Qurate Retail Inc. (QRTEA) stock had its last reported insider trading activity 122 days ago on Aug 30. In this transaction, the insider spent $49,875. CAO/PFO, Wendling Brian J, disposed of 9,268 shares at a price of $3.20 on Aug 29. The insider now owns more than $29,662 worth of shares.

Valuation Metrics

Qurate Retail Inc. (QRTEA) stock’s beta is 1.76. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.05, the price-to-book (PB) ratio at 2.56.

Financial Health

The quick ratio of Qurate Retail Inc. for the three months ended June 29 was 0.70, and the current ratio was 1.30, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 27.95 and a total debt to equity ratio of 30.52 for the quarter ending June 29. Its gross profit as reported stood at $4.81 billion compared to revenue of $14.04 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Qurate Retail Inc.’s return on assets was -18.70%.

Earnings Surprise

For the three-month period that ended June 29, Qurate Retail Inc. had $5.3 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$2.75 billion in the quarter, while revenues were grew 104.62%. The analyst consensus anticipated Qurate Retail Inc.’s latest quarter earnings to come in at $0.14 per share, but it turned out to be $0.12, a -14.30% surprise. For the quarter, EBITDA amounted to -$2.5 billion. Shareholders own equity worth $382.21 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Qurate Retail Inc. (QRTEA) price momentum. RSI 9-day as of the close on 29 December was 38.60%, suggesting the stock is Neutral, with historical volatility in this time frame at 112.70%.

As of today, QRTEA’s price is $1.5440 +1.92% or $0.0300 from its 5-day moving average. QRTEA is currently trading -32.34% lower than its 20-day SMA and -58.38% lower than its 100-day SMA. However, the stock’s current price level is -29.02% below the SMA50 and -67.94% below the SMA200.

The stochastic %K and %D were 10.75% and 12.01%, respectively, and the average true range (ATR) was 0.1478. With the 14-day stochastic at 21.79% and the average true range at 0.1611, the RSI (14) stands at 38.94%. The stock has reached -0.0411 on the 9-day MACD Oscillator while the 14-day reading was at -0.2064.

Analyst Ratings

BofA Securities downgraded Qurate Retail Inc. (NASDAQ: QRTEA) to a an Underperform rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for Qurate Retail Inc. (QRTEA) among analysts is Underweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell QRTEA, while 1 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.

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

Analysts predict a range of price targets between $1.20 and $2.50, with a median target of $1.85. Taking a look at these predictions, the average price target given by analysts for Qurate Retail Inc. (QRTEA) stock is $1.85.

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