Qurate Retail Inc (NASDAQ:QRTEA) traded at $0.61 at close of the session on current trade day and made an upward move of 3.30% on its previous day’s price.
Looking at the stock we see that its previous close was $0.59 and the beta (5Y monthly) reads 2.601 with the day’s price range being $0.5911 – $0.6297. In terms of its 52-week price range, QRTEA has a high of $1.80 and a low of $0.40. The company’s stock has gained about 16.23% over that past 30 days.
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Qurate Retail Inc has a market cap of $240.73 million and is expected to release its quarterly earnings report in November. Estimates by analysts give the company expected earnings per share (EPS) of 0.09, with the EPS growth for the year raised at 0.5 for current year and 0.5 for next year.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 2.42B, with a low of 2.42B and a high of 2.42B. The median projection represents growth adding up to -2.50% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 10.22B, or -6.40% down from figures reported last year.
On the other hand, looking at the outlook for the QRTEA stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Sell.
Looking further, we note the current price level is 1.68% off its SMA20 and 2.91% from its 50-day simple moving average. The RSI (14) is pointing at 52.10 while the volatility over the past week is 9.13% and jumps to 7.93% over the past one month. The beta value is 2.75, while the average true range (ATR) is currently pointing at 0.05.
Coming back to Qurate Retail Inc (NASDAQ:QRTEA), we note that the average 3-month trading volume was 2.63 million, while that of the preceding 10-day period stands at 3.16 million. Current shares outstanding are 383.05 million.
The insiders hold 10.58% of the company’s shares while institutions hold 59.81%. The data shows that short shares as of 2024-09-30, stood at 4.61 million at a short ratio of 1.5. This represents a 132.00 short interest in shares outstanding on 2024-09-30. Shares short fall in September from the previous month at 4.72 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -30.73% down in year-to-date price movement.
