Qurate Retail Inc (NASDAQ:QRTEA) saw a downside of -4.38% to close Monday at $0.57 after subtracting -$0.03 on the day. The 5-day average trading volume is 10,194,800 shares of the company’s common stock. It has gained $0.6322 in the past week and touched a new high 2 times within the past 5 days. An average of 8,819,580 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 7,750,068.
QRTEA’s 1-month performance is -19.78% or -$0.1411 on its low of $0.5622 reached on 09/25/23. The company’s shares have touched a 52-week low of $0.56 and high of $2.84, with the stock’s rally to the 52-week high happening on 02/03/23. YTD, QRTEA has lost -65.02% or -$1.0598 and has reached a new high 17 times. However, the current price is down -79.92% from the 52-week high price.
Insider Transactions
QRTEA stock investors last saw insider trading activity on Sep 20.Wendling Brian J (CAO/PFO) most recently sold 26,231 shares at $0.63 per share on Sep 20. This transaction cost the insider $16,526. Chairman of the Board, MAFFEI GREGORY B, sold 101 shares at a price of $35.63 on Aug 16. Then, on Mar 17, President/CEO Rawlinson David sold 89,300 shares at a price of $0.92 per share. This transaction amounted to $82,406.
Valuation Metrics
QRTEA stock has a beta of 2.10. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.02 while the price-to-book (PB) in the most recent quarter is 0.36, with the price to cash flow ratio at 0.55.
Qurate Retail Inc’s quick ratio for the period ended June 29 was 1.08, with the current ratio over the same period at 1.57. As well, the company’s long term debt to equity for the quarter ending June 29 was 11.40, while the total debt to equity was 12.55. In terms of profitability, the gross margin trailing 12 months is 20.19%. The trailing 12-month EBITDA margin is 7.51% while for the period ending June 29, Qurate Retail Inc’s operating margin was 3.04%. 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 June 29 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 $0.11 per share in earnings in its latest quarter, but it posted -$0.03, representing a -127.30% surprise. EBITDA for the quarter stood at more than $470.0 million. QRTEA stock balance sheet for the quarter ending June 29 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 25 September was 29.01% to suggest the stock is trending oversold, with historical volatility in this time period at 74.59%.
The stock’s 5-day moving average is $0.5948, reflecting a -3.06% or -$0.0180 change from its current price. QRTEA is currently trading -19.84% above its 20-day SMA, -21.57% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -46.71% and SMA200 by-73.60%.
Stochastic %K and %D was 8.63% and 11.55% and the average true range (ATR) pointed at 0.0494. The RSI (14) points at 30.54%, while the 14-day stochastic is at 3.99% with the period’s ATR at 0.0536. The stock’s 9-day MACD Oscillator is pointing at -0.0175 and -0.0313 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 $0.80, with their median price target at $0.65. Looking at these predictions, the average price target given by analysts is for Qurate Retail Inc (QRTEA) stock is $0.65.
