Qurate Retail Inc. (NASDAQ:QRTEA) saw a downside of -1.91% to close Monday at $0.92 after subtracting -$0.02 on the day. The 5-day average trading volume is 7,446,180 shares of the company’s common stock. It has gained $1.0400 in the past week and touched a new high 1 time within the past 5 days. An average of 4,405,265 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 9,466,556.
QRTEA’s 1-month performance is -13.93% or -$0.1491 on its low of $0.8400 reached on 08/04/23. The company’s shares have touched a 52-week low of $0.67 and high of $4.23, with the stock’s rally to the 52-week high happening on 02/03/23. YTD, QRTEA has lost -43.50% or -$0.7091 and has reached a new high 17 times. However, the current price is down -78.23% from the 52-week high price.
Insider Transactions
QRTEA stock investors last saw insider trading activity on Mar 17.Rawlinson David (President/CEO) most recently sold 89,300 shares at $0.92 per share on Mar 17. This transaction cost the insider $82,406. Chief Legal/Admin Officer, Wilm Renee L, sold 18,100 shares at a price of $0.92 on Mar 17. Then, on Mar 17, Chief Corp. Dev. Officer ROSENTHALER ALBERT E sold 18,100 shares at a price of $0.92 per share. This transaction amounted to $16,704.
Valuation Metrics
QRTEA stock has a beta of 2.04. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.03 while the price-to-book (PB) in the most recent quarter is 0.61.
Qurate Retail Inc.’s quick ratio for the period ended March 30 was 1.10, with the current ratio over the same period at 1.70. As well, the company’s long term debt to equity for the quarter ending March 30 was 12.22, while the total debt to equity was 12.78. In terms of profitability, the gross margin trailing 12 months is 30.80%. The trailing 12-month EBITDA margin is 7.51% while for the period ending March 30, Qurate Retail Inc.’s operating margin was -17.20%. The firm’s gross profit as reported stood at $3.69 billion against revenue of $12.11 billion.
Earnings Surprise
For the quarterly period ending March 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -89.72% to $107.0 million, while revenue of $20.0 million was 81.31% off the previous quarter. Analysts expected QRTEA to announce -$0.08 per share in earnings in its latest quarter, but it posted -$0.05, representing a 37.50% surprise. EBITDA for the quarter stood at more than $470.0 million. QRTEA stock balance sheet for the quarter ending March 30 shows that total liabilities totaled 11.07 billion, with total debt at $7.79 billion. Shareholders hold equity totaling $388.79 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 07 August was 33.80% to suggest the stock is trending Neutral, with historical volatility in this time period at 65.72%.
The stock’s 5-day moving average is $0.9530, reflecting a -9.72% or -$0.0991 change from its current price. QRTEA is currently trading -14.73% above its 20-day SMA, -17.04% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +4.96% and SMA200 by-58.89%.
Stochastic %K and %D was 24.83% and 19.03% and the average true range (ATR) pointed at 0.0796. The RSI (14) points at 40.80%, while the 14-day stochastic is at 28.89% with the period’s ATR at 0.0849. The stock’s 9-day MACD Oscillator is pointing at -0.0488 and -0.0708 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 $0.50 and a high of $1.10, with their median price target at $0.80. Looking at these predictions, the average price target given by analysts is for Qurate Retail Inc. (QRTEA) stock is $0.80.
