Qurate Retail Inc. [QRTEA] Is Currently -3.50 below its 200 Period Moving Avg: What Does This Mean?

Qurate Retail Inc. [NASDAQ: QRTEA] loss -3.50% or -0.07 points to close at $1.93 with a heavy trading volume of 8404603 shares. The company report on November 15, 2022 that Qurate Retail Announces Semi-Annual Interest Payment and Regular Additional Distribution on 4.0% Senior Exchangeable Debentures Due 2029.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free.

Sponsored


Qurate Retail, Inc. (“Qurate Retail”) (Nasdaq: QRTEA, QRTEB, QRTEP) today announced the payment of a semi-annual interest payment and a regular additional distribution to the holders as of November 1, 2022 of the 4.0% Senior Exchangeable Debentures due 2029 (the “Debentures”) issued by its wholly-owned subsidiary, Liberty Interactive LLC (“LI LLC”). The amount of the interest payment is $20.00 per $1,000 original principal amount of Debentures (a “Debenture”), and the amount of the additional distribution is $0.3930 per Debenture.

Under the Indenture for the Debentures, the original principal amount of the Debentures is reduced by 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 4.0% 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.

It opened the trading session at $2.00, the shares rose to $2.04 and dropped to $1.87, the range by which the price of stock traded the whole day. The daily chart for QRTEA points out that the company has recorded -45.79% loss over the past six months. However, it is still -28.67% lower than its most recent low trading price.

If we look at the average trading volume of 6.02M shares, QRTEA reached to a volume of 8404603 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $1.90 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 3.30. 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.

BofA Securities have made an estimate for Qurate Retail Inc. shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on November 04, 2022. While these analysts kept the previous recommendation, BofA Securities raised their target price from $11.50 to $6.30. The new note on the price target was released on February 28, 2022, representing the official price target for Qurate Retail Inc. stock. Previously, the target price had yet another raise to $16, while BofA Securities analysts kept a Buy rating on QRTEA stock. On December 15, 2020, analysts increased their price target for QRTEA shares from 10 to 11.

The Average True Range (ATR) for Qurate Retail Inc. is set at 0.24, with the Price to Sales ratio for QRTEA stock in the period of the last 12 months amounting to 0.06. The Price to Book ratio for the last quarter was 3.11, with the Price to Cash per share for the same quarter was set at 1.47.

Trading performance analysis for QRTEA stock

Qurate Retail Inc. [QRTEA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.98. With this latest performance, QRTEA shares dropped by -8.53% in over the last four-week period, additionally sinking by -45.79% over the last 6 months – not to mention a drop of -77.35% 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 44.62, with the RSI for the last a single of trading hit 44.02, and the three-weeks RSI is set at 44.51 for Qurate Retail Inc. [QRTEA]. The present Moving Average for the last 50 days of trading for this stock 2.19, while it was recorded at 2.10 for the last single week of trading, and 3.58 for the last 200 days.

Qurate Retail Inc. [QRTEA]: A deeper dive into fundamental analysis

Qurate Retail Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 1.30.

Qurate Retail Inc. [QRTEA]: An earnings per share (EPS) analysis

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 -8.00%.

An analysis of insider ownership at Qurate Retail Inc. [QRTEA]

There are presently around $611 million, or 85.90% of QRTEA stock, in the hands of institutional investors. The top three institutional holders of QRTEA stocks are: DODGE & COX with ownership of 49,354,711, which is approximately -0.697% of the company’s market cap and around 8.94% of the total institutional ownership; VANGUARD GROUP INC, holding 34,355,412 shares of the stock with an approximate value of $66.31 million in QRTEA stocks shares; and BLACKROCK INC., currently with $48.67 million in QRTEA stock with ownership of nearly 1.984% of the company’s market capitalization.

140 institutional holders increased their position in Qurate Retail Inc. [NASDAQ:QRTEA] by around 29,585,410 shares. Additionally, 149 investors decreased positions by around 40,542,866 shares, while 71 investors held positions by with 246,398,197 shares. The mentioned changes placed institutional holdings at 316,526,473 shares, according to the latest SEC report filing. QRTEA stock had 39 new institutional investments in for a total of 7,918,729 shares, while 55 institutional investors sold positions of 7,387,976 shares during the same period.

LEAVE A REPLY

Please enter your comment!
Please enter your name here