QuidelOrtho Corporation [NASDAQ: QDEL] loss -0.42% on the last trading session, reaching $38.24 price per share at the time.
If compared to the average trading volume of 990.95K shares, QDEL reached a trading volume of 10982157 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying about QuidelOrtho Corporation [QDEL]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for QDEL shares is $51.67 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on QDEL stock is a recommendation set at 2.38. 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 QuidelOrtho Corporation shares, keeping their opinion on the stock as Sell, with their previous recommendation back on March 04, 2024. While these analysts kept the previous recommendation, JP Morgan dropped their target price from $66 to $37. The new note on the price target was released on February 14, 2024, representing the official price target for QuidelOrtho Corporation stock. Previously, the target price had yet another drop from $95 to $72, while Citigroup kept a Neutral rating on QDEL stock. On December 12, 2022, analysts increased their price target for QDEL shares from 90 to 125.
The Average True Range (ATR) for QuidelOrtho Corporation is set at 1.58, with the Price to Sales ratio for QDEL stock in the period of the last 12 months amounting to 0.90. The Price to Book ratio for the last quarter was 0.77, with the Price to Cash per share for the same quarter was set at 1.17.
Trading performance analysis for QDEL stock
QuidelOrtho Corporation [QDEL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 15.18. With this latest performance, QDEL shares gained by 16.23% in over the last four-week period, additionally sinking by -45.36% over the last 6 months – not to mention a drop of -56.85% 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 QDEL stock in for the last two-week period is set at 62.67, with the RSI for the last a single of trading hit 71.38, and the three-weeks RSI is set at 56.37 for QuidelOrtho Corporation [QDEL]. The present Moving Average for the last 50 days of trading for this stock 37.60, while it was recorded at 36.73 for the last single week of trading, and 53.13 for the last 200 days.
QuidelOrtho Corporation [QDEL]: A deeper dive into fundamental analysis
QuidelOrtho Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.81 and a Current Ratio set at 1.55.
QuidelOrtho Corporation [QDEL]: 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 QDEL. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for QuidelOrtho Corporation go to 7.20%.
An analysis of Institutional ownership at QuidelOrtho Corporation [QDEL]
The top three institutional holders of QDEL stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in QDEL stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in QDEL stock with ownership which is approximately 5.1238%.
