Qurate Retail Inc. [NASDAQ: QRTEA] closed the trading session at $0.85 on 04/10/23. The day’s price range saw the stock hit a low of $0.813, while the highest price level was $0.8754. The company report on April 6, 2023 that Qurate Retail, Inc. Announces First Quarter Earnings Release and Conference Call.
Qurate Retail, Inc. (“Qurate Retail”) (Nasdaq: QRTEA, QRTEB, QRTEP) will host a conference call to discuss results for the first quarter of 2023 on Friday, May 5th at 8:00 a.m. E.T. Before the open of market trading that day, Qurate Retail will issue a press release reporting such results, which can be found at https://www.qurateretail.com/investors/news-events/press-releases. The press release and conference call may discuss Qurate Retail’s financial performance and outlook, as well as other forward looking matters.
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Please call InComm Conferencing at (877) 704-4234 or +1 (215) 268-9904, passcode 13736370, at least 10 minutes prior to the call. Callers will need to be on a touch-tone telephone to ask questions. The conference administrator will provide instructions on how to use the polling feature.
The stocks have a year to date performance of -47.58 percent and weekly performance of -13.49 percent. The stock has been moved at -59.88 percent over the last six months. The stock has performed -32.72 percent around the most recent 30 days and changed -53.31 percent over the most recent 3-months.
If compared to the average trading volume of 9.44M shares, QRTEA reached to a volume of 6012432 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to 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 $1.15 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 3.50. 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 0.10, with the Price to Sales ratio for QRTEA stock in the period of the last 12 months amounting to 0.03. The Price to Book ratio for the last quarter was 0.79, with the Price to Cash per share for the same quarter was set at 2.88.
QRTEA stock trade performance evaluation
Qurate Retail Inc. [QRTEA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -13.49. With this latest performance, QRTEA shares dropped by -32.72% in over the last four-week period, additionally sinking by -59.88% over the last 6 months – not to mention a drop of -81.97% 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 30.40, with the RSI for the last a single of trading hit 33.57, and the three-weeks RSI is set at 30.42 for Qurate Retail Inc. [QRTEA]. The present Moving Average for the last 50 days of trading for this stock 1.6458, while it was recorded at 0.8806 for the last single week of trading, and 2.2441 for the last 200 days.
Qurate Retail Inc. [QRTEA]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Qurate Retail Inc. [QRTEA] shares currently have an operating margin of +3.54 and a Gross Margin at +19.60. Qurate Retail Inc.’s Net Margin is presently recorded at -21.43.
Return on Total Capital for QRTEA is now 4.17, given the latest momentum, and Return on Invested Capital for the company is -28.84. Return on Equity for this stock declined to -156.93, with Return on Assets sitting at -18.00. When it comes to the capital structure of this company, Qurate Retail Inc. [QRTEA] has a Total Debt to Total Equity ratio set at 1,994.42. Additionally, QRTEA Total Debt to Total Capital is recorded at 95.23, with Total Debt to Total Assets ending up at 65.36. Long-Term Debt to Equity for the company is recorded at 1,774.51, with the Long-Term Debt to Total Capital now at 84.73.
Reflecting on the efficiency of the workforce at the company, Qurate Retail Inc. [QRTEA] managed to generate an average of -$105,447 per employee. Receivables Turnover for the company is 7.02 with a Total Asset Turnover recorded at a value of 0.84.Qurate Retail Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 1.40.
Earnings per share (EPS) analysis for Qurate Retail Inc. [QRTEA] stock
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%.
Qurate Retail Inc. [QRTEA]: Insider Ownership positions
There are presently around $255 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 48,026,011, which is approximately -2.692% of the company’s market cap and around 0.20% of the total institutional ownership; VANGUARD GROUP INC, holding 36,398,433 shares of the stock with an approximate value of $29.41 million in QRTEA stocks shares; and FPR PARTNERS LLC, currently with $20.93 million in QRTEA stock with ownership of nearly 18.319% of the company’s market capitalization.
Positions in Qurate Retail Inc. stocks held by institutional investors increased at the end of Friday and at the time of the Friday reporting period, where 129 institutional holders increased their position in Qurate Retail Inc. [NASDAQ:QRTEA] by around 43,391,077 shares. Additionally, 148 investors decreased positions by around 42,707,486 shares, while 66 investors held positions by with 229,590,413 shares. The mentioned changes placed institutional holdings at 315,688,976 shares, according to the latest SEC report filing. QRTEA stock had 44 new institutional investments in for a total of 5,281,324 shares, while 48 institutional investors sold positions of 17,069,950 shares during the same period.