BofA Securities lifts Qurate Retail Inc [QRTEA] price estimate. Who else is bullish?

Qurate Retail Inc [NASDAQ: QRTEA] closed the trading session at $0.85. The company report on January 25, 2024 at 12:00 PM that HSN Champions Emerging Designers Through Exclusive Collaboration With Harlem’s Fashion Row.

HFR’s top designers to present four exclusive collections LIVE from Harlem for Spring and Fall 2024.

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HSN®, a leader in livestream shopping and video storytelling, today announced an exclusive collaboration with Harlem’s Fashion Row (HFR), tapping four of the agency’s top designers, each with their own fresh, distinct perspective. Debuting next month will be collections from brands Megan Renee and Undra Celeste, followed by two new designers in the fall.

The stocks have a year to date performance of -2.92 percent and weekly performance of 4.60 percent. The stock has been moved at -18.28 percent over the last six months. The stock has performed -2.13 percent around the most recent 30 days and changed 83.41 percent over the most recent 3-months.

If compared to the average trading volume of 4.45M shares, QRTEA reached to a volume of 2464767 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 $0.95 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 3.00. 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.

The Average True Range (ATR) for Qurate Retail Inc is set at 0.07, 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 0.56, with the Price to Cash per share for the same quarter was set at 2.86. Price to Free Cash Flow for QRTEA in the course of the last twelve months was 0.61 with Quick ratio for the last quarter at 0.92.

QRTEA stock trade performance evaluation

Qurate Retail Inc [QRTEA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.60. With this latest performance, QRTEA shares dropped by -2.13% in over the last four-week period, additionally sinking by -18.28% over the last 6 months – not to mention a drop of -61.89% 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 49.79, with the RSI for the last a single of trading hit 48.93, and the three-weeks RSI is set at 51.12 for Qurate Retail Inc [QRTEA]. The present Moving Average for the last 50 days of trading for this stock 0.8425, while it was recorded at 0.8414 for the last single week of trading, and 0.8112 for the last 200 days.

Qurate Retail Inc [QRTEA]: An insightful look at the core fundamentals

Qurate Retail Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.92 and a Current Ratio set at 1.42.

Earnings per share (EPS) analysis for Qurate Retail Inc [QRTEA] stock

With the latest financial reports released by the company, Qurate Retail Inc posted -0.05/share EPS, while the average EPS was predicted by analysts to be reported at 0.17/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -129.40%. 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 -11.60%.

Qurate Retail Inc [QRTEA]: Institutional Ownership

The top three institutional holders of QRTEA stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in QRTEA stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in QRTEA stock with ownership which is approximately 5.8325%.