Qurate Retail Inc (QRTEA) recent activity suggests a positive outlook with the last week’s performance of 11.94%

A new trading day began on Monday, with Qurate Retail Inc (NASDAQ: QRTEA) stock price up 6.51% from the previous day of trading, before settling in for the closing price of $0.84. QRTEA’s price has ranged from $0.40 to $2.50 over the past 52 weeks.

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A company in the Consumer Cyclical sector has dropped its sales by -3.44% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 109.16%. With a float of $348.85 million, this company’s outstanding shares have now reached $374.39 million.

In an organization with Nov 12 2021 employees, it is important to assess its efficiency.

Qurate Retail Inc (QRTEA) Insider and Institutional Ownership

As we move forward, let’s examine how large-scale investors are investing in this stock of the Internet Retail Industry. The insider ownership of Qurate Retail Inc is 10.41%, while institutional ownership is 67.98%. The most recent insider transaction that took place on Nov 27, was worth 17,852. In this transaction CAO/PFO of this company sold 20,000 shares at a rate of $0.89, taking the stock ownership to the 20,000 shares. Before that another transaction happened on Nov 08, when Company’s Director sold 1,204 for $28.56, making the entire transaction worth $34,383. This insider now owns 0 shares in total.

Qurate Retail Inc (QRTEA) Latest Financial update

In its latest quarterly report, released on 9/29/2023, the company reported earnings of $0.1 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 109.16% per share during the next fiscal year.

Qurate Retail Inc (NASDAQ: QRTEA) Trading Performance Indicators

Here are Qurate Retail Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.92. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.03. Likewise, its price to free cash flow for the trailing twelve months is 0.65.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.20, a number that is poised to hit 0.24 in the next quarter and is forecasted to reach 0.68 in one year’s time.

Technical Analysis of Qurate Retail Inc (QRTEA)

Let’s dig in a bit further. During the last 5-days, its volume was 1.88 million. That was inferior than the volume of 2.12 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 50.43%. Additionally, its Average True Range was 0.06.

During the past 100 days, Qurate Retail Inc’s (QRTEA) raw stochastic average was set at 75.09%, which indicates a significant decrease from 86.98% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 64.47% in the past 14 days, which was lower than the 113.24% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $0.8728, while its 200-day Moving Average is $0.8147. However, in the short run, Qurate Retail Inc’s stock first resistance to watch stands at $0.9303. Second resistance stands at $0.9651. The third major resistance level sits at $1.0204. If the price goes on to break the first support level at $0.8402, it is likely to go to the next support level at $0.7849. The third support level lies at $0.7501 if the price breaches the second support level.

Qurate Retail Inc (NASDAQ: QRTEA) Key Stats

With a market capitalization of 348.71 million, the company has a total of 389,397K Shares Outstanding. Currently, annual sales are 12,106 M while annual income is -2,594 M. The company’s previous quarter sales were 2,479 M while its latest quarter income was 1,000 K.