A new trading day began on Monday, with Qurate Retail Inc (NASDAQ: QRTEA) stock price down -2.70% from the previous day of trading, before settling in for the closing price of $0.66. QRTEA’s price has ranged from $0.40 to $1.80 over the past 52 weeks.
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During the last 5-year period, the sales drop of Consumer Cyclical Sector giant was -4.72%. Meanwhile, its annual earnings per share averaged 234.14%. With a float of $354.85 million, this company’s outstanding shares have now reached $383.05 million.
Let’s determine the extent of company efficiency that accounts for 20300 employees. 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
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 10.60%, 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
In its latest quarterly report, released on 3/31/2024, the company reported earnings of -0.05 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 0.09 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 234.14% 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 0.90. 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 0.49.
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 0.58 in one year’s time.
Technical Analysis of Qurate Retail Inc (QRTEA)
Looking closely at Qurate Retail Inc (NASDAQ: QRTEA), its last 5-days average volume was 2.23 million, which is a drop from its year-to-date volume of 3.9 million. As of the previous 9 days, the stock’s Stochastic %D was 62.41%. Additionally, its Average True Range was 0.04.
During the past 100 days, Qurate Retail Inc’s (QRTEA) raw stochastic average was set at 12.29%, which indicates a significant decrease from 40.73% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 70.23% in the past 14 days, which was lower than the 74.60% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.6732, while its 200-day Moving Average is $0.8641. However, in the short run, Qurate Retail Inc’s stock first resistance to watch stands at $0.6608. Second resistance stands at $0.6797. The third major resistance level sits at $0.6994. If the price goes on to break the first support level at $0.6222, it is likely to go to the next support level at $0.6025. Should the price break the second support level, the third support level stands at $0.5836.
Qurate Retail Inc (NASDAQ: QRTEA) Key Stats
With a market capitalization of 254.78 million, the company has a total of 391,748K Shares Outstanding. Currently, annual sales are 10,915 M while annual income is -145,000 K. The company’s previous quarter sales were 2,407 M while its latest quarter income was 20,000 K.
