As of Friday close, QuidelOrtho Corporation’s (NASDAQ:QDEL) stock was up $1.02, moving up 1.39 percent to $74.29. The average number of shares traded per day over the past five days has been 677,040 shares. 1 time new highs have been achieved over the past 5 days, with a -$3.64 fall in that time frame. In the last twenty days, the average volume was 553,505, while in the previous 50 days, it was 472,468.
Since last month, QDEL stock retreated -12.40%. Shares of the company fell to $71.30 on 08/17/23, the lowest level in the past month. A 52-week high of $102.00 was reached on 04/14/23 after having rallying from a 52-week low of $66.88. Since the beginning of this year, QDEL’s stock price has dropped by -13.28% or -$11.38, and marked a new high 6 times. However, the stock has declined by -27.17% since its 52-week high.
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QDEL stock investors should be aware that QuidelOrtho Corporation (QDEL) stock had its last reported insider trading activity 183 days ago on Feb 17. BUECHLER KENNETH F, the Director of the company, disposed of 8,081 shares for $90.26 on Feb 17. It resulted in a $729,366 divestment by the insider.
Valuation Metrics
Right now, QuidelOrtho Corporation (QDEL) has a P/E ratio of about 111.21. The stock’s beta is 0.31. Besides these, the trailing price-to-sales (P/S) ratio of 1.55, the price-to-book (PB) ratio of 0.99, and the price-to-cash flow ratio of 45.31 may also be considered.
Financial Health
In the three months ended June 29, QuidelOrtho Corporation’s quick ratio stood at 1.00, while its current ratio was 1.70, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.46, and the total debt-to-equity ratio was 0.50. On the profitability front, the trailing twelve-month gross margin is 50.70% percent. In the year ended June 29, EBITDA margin amounted to 38.64%, whereas operating margins totaled 6.80%. Based on annual data, QDEL earned $1.94 billion in gross profit and brought in $3.27 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 8.40%. Return on equity (ROE) for the past 12 months was 0.90%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. QDEL’s revenue rose 7.77% to $846.1 million during the quarter, while net income inched up to $665.1 million. While analysts expected QuidelOrtho Corporation to report $0.28 quarterly earnings, the actual figure was $0.26 per share, beating the consensus estimate by -7.10%. During the quarter, the company generated $87.6 million in EBITDA. The liabilities of QuidelOrtho Corporation were 3.55 billion at the end of its most recent quarter ended June 29, and its total debt was $2.72 billion. The value of shareholders’ equity is $66.79 million.
Technical Picture
This quick technical analysis looks at QuidelOrtho Corporation’s (QDEL) price momentum. With a historical volatility rate of 44.45%, the RSI 9-day stood at 31.38% on 18 August.
With respect to its five-day moving average, the current QuidelOrtho Corporation price is down by -4.67% percent or -$3.64. At present, QDEL shares trade -14.62% below its 20-day simple moving average and -15.55% percent below its 100-day simple moving average. However, the stock is currently trading approximately -14.06% below its SMA50 and -17.29% below its SMA200.
Stochastic coefficient K was 10.13% and Stochastic coefficient D was 7.88%, while ATR was 2.41. Given the Stochastic reading of 18.39% for the 14-day period, the RSI (14) reading has been calculated as 32.79%. As of today, the MACD Oscillator reading stands at -2.87, while the 14-day reading stands at -5.64.
Analyst Ratings
Citigroup upgraded its rating on QuidelOrtho Corporation (NASDAQ: QDEL) to a Buy in a note to investors on December 12, 2022. The analysts firm previously had a Neutral rating on the stock.QuidelOrtho Corporation (QDEL) has been rated Overweight by analysts. According to 0 brokerage firms, QDEL 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 QuidelOrtho Corporation stock as buy, with 5 recommending it as overweight.
With a median target price of $110.00, the current consensus forecast for the stock is $81.00 – $168.00. Based on these forecasts, analysts predict QuidelOrtho Corporation (QDEL) will achieve an average price target of $114.71.
