Qurate Retail Inc. (NASDAQ:QRTEA) finished Thursday with a subtraction of -$0.01 to close at $0.71, a downside of -0.86 percent. An average of 9,832,540 shares of common stock have been traded in the last five days. There was a fall of -$0.1553 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 8,963,510 shares traded, while the 50-day average volume stands at 10,091,470.
QRTEA stock has decreased by -31.65% in the last month. The company shares reached their 1-month lowest point of $0.6901 on 08/24/23. With the stock rallying to its 52-week high on 02/03/23, shares of the company touched a low of $0.67 and a high of $3.47 in 52 weeks. It has reached a new high 17 times so far this year and lost -56.39% or -$0.9192 in price. In spite of this, the price is down -79.55% 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 9 days ago on Aug 16. In this transaction, the insider spent $3,599. President/CEO, Rawlinson David, disposed of 89,300 shares at a price of $0.92 on Mar 17. The insider now owns more than $82,406 worth of shares. Prior to that, Chief Legal/Admin Officer Wilm Renee L went on to Sale 18,100 shares at $0.92 each on Mar 17. An amount of $16,708 was transacted.
Valuation Metrics
Qurate Retail Inc. (QRTEA) stock’s beta is 2.09. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.03, the price-to-book (PB) ratio at 0.44, and the price-to-cash flow ratio at 0.72.
Financial Health
The quick ratio of Qurate Retail Inc. for the three months ended June 29 was 1.10, and the current ratio was 1.60, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 10.53 and a total debt to equity ratio of 11.67 for the quarter ending June 29. Qurate Retail Inc.’s EBITDA margin for the year ending June 29 is 7.51%, while its operating margin for the same period stands at -17.70%. Its gross profit as reported stood at $3.69 billion compared to revenue of $12.11 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 -22.10%.
Earnings Surprise
For the three-month period that ended June 29, Qurate Retail Inc. had $5.27 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $107.0 million in the quarter, while revenues were shrunk -89.72%. The analyst consensus anticipated Qurate Retail Inc.’s latest quarter earnings to come in at $0.11 per share, but it turned out to be -$0.03, a -127.30% surprise. For the quarter, EBITDA amounted to $470.0 million. Shareholders own equity worth $388.79 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 24 August was 21.35%, suggesting the stock is oversold, with historical volatility in this time frame at 69.02%.
As of today, QRTEA’s price is $0.7506 -17.93% or -$0.1553 from its 5-day moving average. QRTEA is currently trading -28.92% lower than its 20-day SMA and -28.04% lower than its 100-day SMA. However, the stock’s current price level is -27.02% below the SMA50 and -60.07% below the SMA200.
The stochastic %K and %D were 4.74% and 4.04%, respectively, and the average true range (ATR) was 0.0686. With the 14-day stochastic at 7.15% and the average true range at 0.0731, the RSI (14) stands at 28.44%. The stock has reached -0.1057 on the 9-day MACD Oscillator while the 14-day reading was at -0.1298.
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 $0.50 and $1.10, with a median target of $0.80. Taking a look at these predictions, the average price target given by analysts for Qurate Retail Inc. (QRTEA) stock is $0.80.
