Qurate Retail Inc (QRTEA) is gearing up for another turning point as it hit the volume of 2.06 million

On Monday, Qurate Retail Inc (NASDAQ: QRTEA) opened higher 2.39% from the last session, before settling in for the closing price of $0.59. Price fluctuations for QRTEA have ranged from $0.40 to $1.80 over the past 52 weeks.

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Consumer Cyclical Sector giant saw their annual sales slid by -4.72% over the last five years. Company’s average yearly earnings per share was noted 254.63% at the time writing. With a float of $354.85 million, this company’s outstanding shares have now reached $383.05 million.

The firm has a total of 20300 workers. Let’s measure their productivity. In terms of profitability, gross margin is 26.69%, operating margin of 6.82%, and the pretax margin is -1.02%.

Qurate Retail Inc (QRTEA) Insider Activity

A key investor’s attitude towards the stock of the Internet Retail industry is another important factor to consider. The insider ownership of Qurate Retail Inc is 10.60%, while institutional ownership is 59.83%. The most recent insider transaction that took place on May 22 ’24, was worth 65,223. In this transaction President/CEO of this company bought 90,600 shares at a rate of $0.72, taking the stock ownership to the 1,443,666 shares. Before that another transaction happened on May 21 ’24, when Company’s President/CEO bought 9,400 for $0.71, making the entire transaction worth $6,655. This insider now owns 1,353,066 shares in total.

Qurate Retail Inc (QRTEA) Earnings and Forecasts

If we go through the results of last quarter, which was made public on 3/31/2024, the company posted -0.05 earnings per share (EPS) for the quarter, besting the agreed prediction (set at -0.08) by 0.03. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.09 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 254.63% per share during the next fiscal year.

Qurate Retail Inc (NASDAQ: QRTEA) Trading Performance Indicators

Check out the current performance indicators for Qurate Retail Inc (QRTEA). In the past quarter, the stock posted a quick ratio of 0.90. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.02. Likewise, its price to free cash flow for the trailing twelve months is 0.46.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.65, a number that is poised to hit 0.09 in the next quarter and is forecasted to reach 0.63 in one year’s time.

Technical Analysis of Qurate Retail Inc (QRTEA)

Analysing the last 5-days average volume posted by the [Qurate Retail Inc, QRTEA], we can find that recorded value of 2.68 million was lower than the volume posted last year of 3.95 million. As of the previous 9 days, the stock’s Stochastic %D was 14.77%. Additionally, its Average True Range was 0.04.

During the past 100 days, Qurate Retail Inc’s (QRTEA) raw stochastic average was set at 5.56%, which indicates a significant decrease from 21.67% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 53.81% in the past 14 days, which was lower than the 73.67% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $0.6812, while its 200-day Moving Average is $0.8628. Now, the first resistance to watch is $0.6294. This is followed by the second major resistance level at $0.6497. The third major resistance level sits at $0.6694. If the price goes on to break the first support level at $0.5894, it is likely to go to the next support level at $0.5697. Should the price break the second support level, the third support level stands at $0.5494.

Qurate Retail Inc (NASDAQ: QRTEA) Key Stats

There are currently 391,748K shares outstanding in the company with a market cap of 241.76 million. Presently, the company’s annual sales total 10,915 M according to its annual income of -145,000 K. Last quarter, the company’s sales amounted to 2,407 M and its income totaled 20,000 K.