QuidelOrtho Corporation (NASDAQ: QDEL) on Friday, soared 5.94% from the previous trading day, before settling in for the closing price of $37.89. Within the past 52 weeks, QDEL’s price has moved between $29.74 and $75.86.
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Annual sales at Healthcare sector company grew by 59.83% over the past five years. The company achieved an average annual earnings per share of -56.17%. With a float of $66.28 million, this company’s outstanding shares have now reached $66.70 million.
Let’s look at the performance matrix of the company that is accounted for 7100 employees. In terms of profitability, gross margin is 39.61%, operating margin of 1.09%, and the pretax margin is -71.02%.
QuidelOrtho Corporation (QDEL) Insider and Institutional Ownership
Observing investor behavior towards Medical Devices industry stocks is more important than anything else. The insider ownership of QuidelOrtho Corporation is 13.74%, while institutional ownership is 95.79%. The most recent insider transaction that took place on Nov 21 ’24, was worth 291,700,102. In this transaction 10% Owner of this company sold 8,260,183 shares at a rate of $35.31, taking the stock ownership to the 0 shares. Before that another transaction happened on Aug 09 ’24, when Company’s 10% Owner sold 74,134 for $41.53, making the entire transaction worth $3,078,980. This insider now owns 8,260,183 shares in total.
QuidelOrtho Corporation (QDEL) Latest Financial update
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported 1.17 earnings per share (EPS) for the period falling under the consensus outlook (set at 2.06) by -0.89. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.68 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -56.17% per share during the next fiscal year.
QuidelOrtho Corporation (NASDAQ: QDEL) Trading Performance Indicators
QuidelOrtho Corporation (QDEL) is currently performing well based on its current performance indicators. A quick ratio of 0.81 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.02.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -27.89, a number that is poised to hit 0.59 in the next quarter and is forecasted to reach 2.47 in one year’s time.
Technical Analysis of QuidelOrtho Corporation (QDEL)
QuidelOrtho Corporation (NASDAQ: QDEL) saw its 5-day average volume 2.18 million, a positive change from its year-to-date volume of 1.0 million. As of the previous 9 days, the stock’s Stochastic %D was 35.16%. Additionally, its Average True Range was 1.94.
During the past 100 days, QuidelOrtho Corporation’s (QDEL) raw stochastic average was set at 58.18%, which indicates a significant increase from 43.65% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 74.25% in the past 14 days, which was higher than the 47.24% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $41.38, while its 200-day Moving Average is $41.89. Nevertheless, the first resistance level for the watch stands at $41.47 in the near term. At $42.80, the stock is likely to face the second major resistance level. The third major resistance level sits at $44.79. If the price goes on to break the first support level at $38.15, it is likely to go to the next support level at $36.16. The third support level lies at $34.83 if the price breaches the second support level.
QuidelOrtho Corporation (NASDAQ: QDEL) Key Stats
Market capitalization of the company is 2.86 billion based on 67,257K outstanding shares. Right now, sales total 2,998 M and income totals -10,100 K. The company made 727,100 K in profit during its latest quarter, and -19,900 K in sales during its previous quarter.
