On Tuesday, QuidelOrtho Corporation (NASDAQ: QDEL) opened lower -7.87% from the last session, before settling in for the closing price of $44.61. Price fluctuations for QDEL have ranged from $29.74 to $74.04 over the past 52 weeks.
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A company in the Healthcare sector has jumped its sales by 74.18% annually for the last half of the decade. Company’s average yearly earnings per share was noted -56.21% at the time writing. With a float of $66.30 million, this company’s outstanding shares have now reached $67.20 million.
In an organization with 7100 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 41.68%, operating margin of 1.09%, and the pretax margin is -71.02%.
QuidelOrtho Corporation (QDEL) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Medical Devices industry is another important factor to consider. The insider ownership of QuidelOrtho Corporation is 1.42%, while institutional ownership is 96.71%. The most recent insider transaction that took place on Jan 06 ’25, was worth 4,759,500. Before that another transaction happened on Dec 11 ’24, when Company’s President and CEO bought 6,033 for $41.42, making the entire transaction worth $249,878. This insider now owns 6,033 shares in total.
QuidelOrtho Corporation (QDEL) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around -56.21% per share during the next fiscal year.
QuidelOrtho Corporation (NASDAQ: QDEL) Trading Performance Indicators
Check out the current performance indicators for QuidelOrtho Corporation (QDEL). In the past quarter, the stock posted a quick ratio of 0.81. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.98.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -27.89, a number that is poised to hit 0.58 in the next quarter and is forecasted to reach 2.46 in one year’s time.
Technical Analysis of QuidelOrtho Corporation (QDEL)
Let’s dig in a bit further. During the last 5-days, its volume was 1.2 million. That was better than the volume of 1.03 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 27.50%. Additionally, its Average True Range was 2.16.
During the past 100 days, QuidelOrtho Corporation’s (QDEL) raw stochastic average was set at 39.71%, which indicates a significant increase from 10.70% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 41.09% in the past 14 days, which was lower than the 47.60% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $41.62, while its 200-day Moving Average is $40.98. However, in the short run, QuidelOrtho Corporation’s stock first resistance to watch stands at $44.11. Second resistance stands at $47.11. The third major resistance level sits at $49.12. If the price goes on to break the first support level at $39.10, it is likely to go to the next support level at $37.09. The third support level lies at $34.09 if the price breaches the second support level.
QuidelOrtho Corporation (NASDAQ: QDEL) Key Stats
There are currently 67,257K shares outstanding in the company with a market cap of 2.76 billion. Presently, the company’s annual sales total 2,998 M according to its annual income of -10,100 K. Last quarter, the company’s sales amounted to 727,100 K and its income totaled -19,900 K.
