As of Thursday close, Qurate Retail Inc.’s (NASDAQ:QRTEA) stock was down -$0.01, moving down -1.11 percent to $0.77. The average number of shares traded per day over the past five days has been 5,305,680 shares. 5 times new highs have been achieved over the past 5 days, with a $0.0642 gain in that time frame. In the last twenty days, the average volume was 9,050,480, while in the previous 50 days, it was 8,990,584.
Since last month, QRTEA stock retreated -19.27%. Shares of the company fell to $0.6901 on 08/24/23, the lowest level in the past month. A 52-week high of $3.24 was reached on 02/03/23 after having rallying from a 52-week low of $0.67. Since the beginning of this year, QRTEA’s stock price has dropped by -52.45% or -$0.8550, and marked a new high 17 times. However, the stock has declined by -76.12% since its 52-week high.
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QRTEA stock investors should be aware that Qurate Retail Inc. (QRTEA) stock had its last reported insider trading activity 16 days ago on Aug 16. MAFFEI GREGORY B, the Chairman of the Board of the company, disposed of 101 shares for $35.63 on Aug 16. It resulted in a $3,599 divestment by the insider. Rawlinson David sold 89,300 shares at an average price of $0.92 on Mar 17. The insider now owns 372,004 shares following the transaction. On Mar 17, Chief Legal/Admin Officer Wilm Renee L sold 18,100 shares at $0.92 apiece. The transaction was valued at $16,708.
Valuation Metrics
The stock’s beta is 2.07. Besides these, the trailing price-to-sales (P/S) ratio of 0.03, the price-to-book (PB) ratio of 0.48, and the price-to-cash flow ratio of 0.79 may also be considered.
The latest dividend of $1.25 per share was paid out, which is -16.67% less than last year’s $1.50.
Financial Health
In the three months ended June 29, Qurate Retail Inc.’s quick ratio stood at 1.10, while its current ratio was 1.60, 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 10.53, and the total debt-to-equity ratio was 11.67. On the profitability front, the trailing twelve-month gross margin is 31.00% percent. In the year ended June 29, EBITDA margin amounted to 7.51%, whereas operating margins totaled -17.70%. Based on annual data, QRTEA earned $3.69 billion in gross profit and brought in $12.11 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 -28.20%. Return on equity (ROE) for the past 12 months was -578.80%.
In Qurate Retail Inc.’s quarter-end financial report for June 29, it reported total debt of $5.27 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. QRTEA’s revenue fell -11.48% to $2.64 billion during the quarter, while net income inched up to $2.65 billion. While analysts expected Qurate Retail Inc. to report $0.11 quarterly earnings, the actual figure was -$0.03 per share, beating the consensus estimate by -127.30%. During the quarter, the company generated $470.0 million in EBITDA. The liabilities of Qurate Retail Inc. were 11.07 billion at the end of its most recent quarter ended June 29, and its total debt was $7.79 billion. The value of shareholders’ equity is $388.79 million.
Technical Picture
This quick technical analysis looks at Qurate Retail Inc.’s (QRTEA) price momentum. With a historical volatility rate of 86.30%, the RSI 9-day stood at 41.21% on 31 August.
With respect to its five-day moving average, the current Qurate Retail Inc. price is up by +9.03% percent or $0.0642. At present, QRTEA shares trade -17.16% below its 20-day simple moving average and -9.30% percent below its 100-day simple moving average. However, the stock is currently trading approximately -15.15% below its SMA50 and -59.64% below its SMA200.
Stochastic coefficient K was 28.96% and Stochastic coefficient D was 22.49%, while ATR was 0.0596. Given the Stochastic reading of 29.33% for the 14-day period, the RSI (14) reading has been calculated as 39.60%. As of today, the MACD Oscillator reading stands at 0.0328, while the 14-day reading stands at -0.0254.
Analyst Ratings
Qurate Retail Inc. downgraded its rating on Qurate Retail Inc. (NASDAQ: QRTEA) to an Underperform in a note to investors on November 04, 2022. The analysts firm previously had a Neutral rating on the stock.Qurate Retail Inc. (QRTEA) has been rated Underweight by analysts. According to 0 brokerage firms, QRTEA is a sell, and 1 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate Qurate Retail Inc. stock as buy, with 0 recommending it as overweight.
With a median target price of $0.65, the current consensus forecast for the stock is $0.50 – $0.80. Based on these forecasts, analysts predict Qurate Retail Inc. (QRTEA) will achieve an average price target of $0.65.
