The stock of Qurate Retail Inc. (NASDAQ:QRTEA) increased by $0.03 on Monday to finish at $0.92, up 3.49 percent. The last five days have seen an average of 11,510,939 shares of common stock traded. 17 times new highs were reached in the current year, with a fall of -$0.7100. The average number of shares traded over the last 20 days was 6,375,450, while the average volume over the last 50 days totaled 9,795,468.
QRTEA stock dropped -14.02% since last month. On 08/04/23, the company’s shares reached a one-month low of $0.8400. The stock touched a high of $4.23 on 02/03/23, after rallying from a low of $0.67 in 52 weeks. The price of QRTEA stock has declined by -43.56% or -$0.7100 this year, reaching a new high 17 times. Still, the stock price is down -78.25% from the 52-week high.
Insider Transactions
QRTEA stock investors should be aware that Qurate Retail Inc. (QRTEA) stock had its last reported insider trading activity 151 days ago on Mar 17. On Mar 17, President/CEO Rawlinson David sold 89,300 shares at $0.92 each. This transaction resulted in the insider making $82,406. On Mar 17, Wilm Renee L sold 18,100 shares at a price of US$0.92. After the transaction, the insider now owns 33,166 shares. Chief Corp. Dev. Officer ROSENTHALER ALBERT E had earlier sold 18,100 shares on Mar 17 for $0.92 a share. The transaction was completed for $16,704.
Valuation Metrics
Beta for the stock is 2.05. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.03, the price-to-book (PB) ratio of 0.58, and the price-to-cash flow ratio of 0.89.
Company paid $1.25 per share in dividends, a decrease of -16.67% from $1.50 last year.
Financial Health
For the three months ended June 29, Qurate Retail Inc.’s quick ratio was 1.10, while its current ratio was 1.60, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 10.53, and the total debt to equity ratio is 11.67. As far as profitability goes, gross margin for the trailing twelve months is 31.00% percent. Qurate Retail Inc.’s EBITDA margin for the year ended June 29 was 7.51%, whereas its operating margin stood at -17.70% for the same period. Based on annual data, it had gross profit of $3.69 billion and revenue of $12.11 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. QRTEA’s return on assets (ROA) during the last 12 months has been -22.10%. There was a -28.20% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -578.80%.
Earnings Surprise
According to Qurate Retail Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $2.65 billion, while revenues fell by -11.48% to $2.64 billion. It was predicted that Qurate Retail Inc.’s quarterly earnings would be -$0.03, but it ended up being $0.11, beating the consensus by -127.30%. EBITDA was $470.0 million for the quarter. At the end of Qurate Retail Inc.’s most recent quarter ended June 29, its liabilities totaled 11.07 billion, while its total debt was $7.79 billion. Equity owned by shareholders amounts to $388.79 million.
Technical Picture
Here’s a quick look at Qurate Retail Inc.’s (QRTEA) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 42.84%, suggesting the stock is Neutral, with a 46.30% historical volatility rate.
The stochastic %K and %D were 19.54% and 16.75% respectively, while the average true range (ATR) was 0.0700. Based on the 14-day stochastic reading of 30.77%, the RSI (14) reading is 43.94%. On the 9-day MACD Oscillator, the stock is at -0.0216, and the 14-day reading is at -0.0576.
Analyst Ratings
Qurate Retail Inc. (NASDAQ: QRTEA) was downgraded by BofA Securities to a an Underperform rating in its latest research report. The stock was previously rated as a a Neutral. Analysts have assigned Qurate Retail Inc. (QRTEA) an Underweight rating. QRTEA is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 0 rates it overweight and 0 others recommend it as a buy.
What is QRTEA’s price target for the next 12 months?
The current consensus forecast for the stock is between $0.50 and $1.10, with a median target price of $0.80. In analyzing these forecasts, the average price target given by analysts for Qurate Retail Inc. (QRTEA) is $0.80.
