Qurate Retail Inc. [QRTEA] Stock trading around $10.94 per share: What’s Next?

Qurate Retail Inc. [NASDAQ: QRTEA] traded at a high on 08/03/20, posting a 0.32 gain after which it closed the day’ session at $10.94. The company report on July 15, 2020 that Qurate Retail Announces Semi-Annual Interest Payment and Excess Regular Cash Dividend Amount Distribution on 3.5% Senior Exchangeable Debentures Due 2031.

Qurate Retail, Inc. (“Qurate Retail”) (Nasdaq: QRTEA, QRTEB) today announced the payment of a semi-annual interest payment and an excess regular cash dividend amount distribution to the holders as of July 1, 2020 of the 3.5% Senior Exchangeable Debentures due 2031 (the “Debentures”) issued by its direct wholly-owned subsidiary, Liberty Interactive LLC (“LI LLC”). The amount of the payment is $17.50 per $1,000 original principal amount of Debentures, and the excess regular cash dividend amount distribution is $3.7870 per Debenture.

Under the Indenture for the Debentures, the original principal amount of the Debentures is adjusted in an amount equal to each Extraordinary Additional Distribution made to holders of the Debentures. Thereafter, the adjusted principal amount is further reduced on each successive semi-annual interest payment date to the extent necessary to cause the semi-annual interest payment to represent the payment of an annualized yield of 3.5% of the adjusted principal amount. This latter adjustment, to the extent it is made by reason of a particular Extraordinary Additional Distribution that results in an adjustment to the principal amount of the Debentures, takes effect on the second succeeding interest payment date after the payment of that Extraordinary Additional Distribution.

The results of the trading session contributed to over 2388272 shares changing hands. Over the past one week, the price volatility of Qurate Retail Inc. stands at 5.76% while the volatility over the past one month is 4.59%.

The market cap for QRTEA stock reached $4.59 billion, with 416.00 million shares outstanding and 379.30 million shares in the current float. Compared to the average trading volume of 2.82M shares, QRTEA reached a trading volume of 2388272 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Qurate Retail Inc. [QRTEA]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for QRTEA shares is $11.83 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on QRTEA stock is a recommendation set at 2.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

UBS have made an estimate for Qurate Retail Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on April 21, 2020. While these analysts kept the previous recommendation, Evercore ISI raised their target price to In-line. The new note on the price target was released on March 20, 2019, representing the official price target for Qurate Retail Inc. stock. Previously, the target price had yet another raise from $19 to $21, while Citigroup kept a Buy rating on QRTEA stock.

The Average True Range (ATR) for Qurate Retail Inc. is set at 0.47, with the Price to Sales ratio for QRTEA stock in the period of the last 12 months amounting to 0.35. The Price to Book ratio for the last quarter was 0.92, with the Price to Cash per share for the same quarter was set at 1.32. Price to Free Cash Flow for QRTEA in the course of the last twelve months was 4.64 with Quick ratio for the last quarter at 0.80.

How has QRTEA stock performed recently?

Qurate Retail Inc. [QRTEA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.80. With this latest performance, QRTEA shares gained by 11.46% in over the last four-week period, additionally plugging by 32.59% over the last 6 months – not to mention a drop of -20.40% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for QRTEA stock in for the last two-week period is set at 67.88, with the RSI for the last a single of trading hit 72.55, and the three-weeks RSI is set at 66.44 for Qurate Retail Inc. [QRTEA]. The present Moving Average for the last 50 days of trading for this stock 9.35, while it was recorded at 10.84 for the last single week of trading, and 8.33 for the last 200 days.

Qurate Retail Inc. [QRTEA]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Qurate Retail Inc. [QRTEA] shares currently have an operating margin of +10.05 and a Gross Margin at +23.10. Qurate Retail Inc.’s Net Margin is presently recorded at -3.39.

Return on Total Capital for QRTEA is now 10.36, given the latest momentum, and Return on Invested Capital for the company is -4.00. Return on Equity for this stock declined to -8.72, with Return on Assets sitting at -2.57. When it comes to the capital structure of this company, Qurate Retail Inc. [QRTEA] has a Total Debt to Total Equity ratio set at 165.41. Additionally, QRTEA Total Debt to Total Capital is recorded at 62.32, with Total Debt to Total Assets ending up at 46.26. Long-Term Debt to Equity for the company is recorded at 131.55, with the Long-Term Debt to Total Capital now at 49.56.

Reflecting on the efficiency of the workforce at the company, Qurate Retail Inc. [QRTEA] managed to generate an average of -$18,075 per employee. Receivables Turnover for the company is 7.30 with a Total Asset Turnover recorded at a value of 0.76.Qurate Retail Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 1.30.

Earnings analysis for Qurate Retail Inc. [QRTEA]

With the latest financial reports released by the company, Qurate Retail Inc. posted 0.48/share EPS, while the average EPS was predicted by analysts to be reported at 0.42/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 14.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for QRTEA. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Qurate Retail Inc. go to 16.20%.

Insider trade positions for Qurate Retail Inc. [QRTEA]

There are presently around $4,140 million, or 98.70% of QRTEA stock, in the hands of institutional investors. The top three institutional holders of QRTEA stocks are: DODGE & COX with ownership of 62,730,384, which is approximately 0.072% of the company’s market cap and around 0.70% of the total institutional ownership; VANGUARD GROUP INC, holding 36,744,222 shares of the stock with an approximate value of $402.17 million in QRTEA stocks shares; and HARRIS ASSOCIATES L P, currently with $259.03 million in QRTEA stock with ownership of nearly 5.082% of the company’s market capitalization.

Positions in Qurate Retail Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 151 institutional holders increased their position in Qurate Retail Inc. [NASDAQ:QRTEA] by around 41,671,118 shares. Additionally, 211 investors decreased positions by around 51,687,979 shares, while 61 investors held positions by with 284,888,552 shares. The mentioned changes placed institutional holdings at 378,247,649 shares, according to the latest SEC report filing. QRTEA stock had 49 new institutional investments in for a total of 13,390,527 shares, while 92 institutional investors sold positions of 13,204,668 shares during the same period.

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