Qurate Retail Inc. (QRTEA) Shares: Cheap or Risky?

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Qurate Retail Inc. (NASDAQ:QRTEA) saw an upside of 11.94% to close Monday at $2.25 after adding $0.24 on the day. The 5-day average trading volume is 8,737,460 shares of the company’s common stock. It has gained $2.29 in the past week and touched a new high 4 times within the past 5 days. An average of 6,796,825 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 8,247,438.

QRTEA’s 1-month performance is 44.23% or $0.63 on its low of $1.42 reached on 12/28/22. The company’s shares have touched a 52-week low of $1.42 and high of $8.07, with the stock’s rally to the 52-week high happening on 01/23/23. YTD, QRTEA has achieved 38.04% or $0.62 and has reached a new high 9 times. However, the current price is down -72.12% from the 52-week high price.

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Insider Transactions

QRTEA stock investors last saw insider trading activity on Aug 30.Wendling Brian J (CAO/PFO) most recently sold 15,732 shares at $3.17 per share on Aug 30. This transaction cost the insider $49,875. CAO/PFO, Wendling Brian J, sold 9,268 shares at a price of $3.20 on Aug 29.

Valuation Metrics

QRTEA stock has a beta of 1.73. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.07 while the price-to-book (PB) in the most recent quarter is 3.63.

Qurate Retail Inc.’s quick ratio for the period ended September 29 was 0.70, with the current ratio over the same period at 1.30. As well, the company’s long term debt to equity for the quarter ending September 29 was 27.95, while the total debt to equity was 30.52. In terms of profitability, the gross margin trailing 12 months is 32.60%. The firm’s gross profit as reported stood at $4.81 billion against revenue of $14.04 billion.

Earnings Surprise

For the quarterly period ending September 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 104.62% to -$2.75 billion, while revenue of $203.0 million was 107.39% off the previous quarter. Analysts expected QRTEA to announce $0.07 per share in earnings in its latest quarter, but it posted -$0.08, representing a -214.30% surprise. EBITDA for the quarter stood at more than -$2.5 billion. QRTEA stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 11.45 billion, with total debt at $7.17 billion. Shareholders hold equity totaling $382.21 million.

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 23 January was 78.22% to suggest the stock is trending Overbought, with historical volatility in this time period at 62.34%.

The stock’s 5-day moving average is $2.00, reflecting a +15.98% or $0.31 change from its current price. QRTEA is currently trading +44.23% above its 20-day SMA, -29.02% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +18.42% and SMA200 by-54.08%.

Stochastic %K and %D was 90.14% and 86.66% and the average true range (ATR) pointed at 0.15. The RSI (14) points at 68.03%, while the 14-day stochastic is at 94.29% with the period’s ATR at 0.15. The stock’s 9-day MACD Oscillator is pointing at 0.08 and 0.16 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Qurate Retail Inc. (NASDAQ: QRTEA), BofA Securities downgraded it to an Underperform rating. They previously had a Neutral rating on the stock. Analysts offering their rating for QRTEA stock have a consensus rating for the stock as Underweight. Currently, 0 brokerage advisors rate QRTEA as a “sell,”, while 1 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 0 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 $1.20 and a high of $1.90, with their median price target at $1.55. Looking at these predictions, the average price target given by analysts is for Qurate Retail Inc. (QRTEA) stock is $1.55.

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