Qurate Retail Inc (NASDAQ:QRTEA) finished Thursday with an addition of $0.01 to close at $0.58, an upside of 1.99 percent. An average of 10,637,300 shares of common stock have been traded in the last five days. There was a fall of -$0.0091 in the past week, and it reached a new high 13 times over the past 12 months. The last 20 days have seen an average of 9,575,965 shares traded, while the 50-day average volume stands at 8,237,062.
QRTEA stock has decreased by -24.01% in the last month. The company shares reached their 1-month lowest point of $0.5442 on 09/26/23. With the stock rallying to its 52-week high on 02/03/23, shares of the company touched a low of $0.54 and a high of $2.84 in 52 weeks. It has reached a new high 17 times so far this year and lost -64.42% or -$1.0501 in price. In spite of this, the price is down -79.58% 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 Sep 20. In this transaction, the insider spent $16,526. Chairman of the Board, MAFFEI GREGORY B, disposed of 101 shares at a price of $35.63 on Aug 16. The insider now owns more than $3,599 worth of shares. Prior to that, President/CEO Rawlinson David went on to Sale 89,300 shares at $0.92 each on Mar 17. An amount of $82,406 was transacted.
Valuation Metrics
Qurate Retail Inc (QRTEA) stock’s beta is 2.11. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.02, the price-to-book (PB) ratio at 0.36, and the price-to-cash flow ratio at 0.56.
Financial Health
The quick ratio of Qurate Retail Inc for the recent quarter was 1.08, and the current ratio was 1.57, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 11.40 and a total debt to equity ratio of 12.55 for the recent quarter. Qurate Retail Inc’s EBITDA margin is 7.51%, while its operating margin for the same period stands at 3.04%. Its gross profit as reported stood at $3.69 billion compared to revenue of $12.11 billion.
Earnings Surprise
For the recent quarter, 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%. 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 28 September was 37.38%, suggesting the stock is Neutral, with historical volatility in this time frame at 66.39%.
As of today, QRTEA’s price is $0.5729 -1.54% or -$0.0091 from its 5-day moving average. QRTEA is currently trading -26.00% lower than its 20-day SMA and -34.10% lower than its 100-day SMA. However, the stock’s current price level is -45.29% below the SMA50 and -70.71% below the SMA200.
The stochastic %K and %D were 17.64% and 11.35%, respectively, and the average true range (ATR) was 0.0486. With the 14-day stochastic at 29.55% and the average true range at 0.0522, the RSI (14) stands at 35.22%. The stock has reached -0.0184 on the 9-day MACD Oscillator while the 14-day reading was at -0.0318.
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.
