Qurate Retail Inc (NASDAQ:QRTEA) price on Wednesday, November 13, fall -6.19% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $0.43.
A look at the stock’s price movement, the close in the last trading session was $0.46, moving within a range at $0.4301 and $0.465. The beta value (5-Year monthly) was 2.612. Turning to its 52-week performance, $1.80 and $0.43 were the 52-week high and 52-week low respectively. Overall, QRTEA moved -28.70% over the past month.
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Qurate Retail Inc’s market cap currently stands at around $195.36 million, with investors looking forward to this quarter’s earnings report slated for in December.
Analysts have a consensus estimate of 3.05B for the company’s revenue for the quarter, with a low and high estimate of 3.05B and 3.05B respectively. The average forecast suggests down to a -2.90% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 10.22B, representing a -6.40% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that QRTEA is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
QRTEA’s current price about -18.54% and -22.60% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 28.10, while 7-day volatility ratio is 9.95% and 5.91% in the 30-day chart. Further, Qurate Retail Inc (QRTEA) has a beta value of 2.71, and an average true range (ATR) of 0.04.
If we refocus on Qurate Retail Inc (NASDAQ:QRTEA), historical trading data shows that trading volumes averaged 2.93 over the past 10 days and 2.64 million over the past 3 months. The company’s latest data on shares outstanding shows there are 383.05 million shares.
The 10.58% of Qurate Retail Inc’s shares are in the hands of company insiders while institutional holders own 58.57% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 3.76 million on 2024-10-31, giving us a short ratio of 1.68. The data shows that as of 2024-10-31 short interest in Qurate Retail Inc (QRTEA) stood at 106.99999999999999 of shares outstanding, with shares short falling to 4.61 million registered in 2024-09-30. Current price change has pushed the stock -50.87% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the QRTEA stock continues to rise going into the next quarter.
