Qurate Retail Inc [NASDAQ: QRTEA] slipped around -0.08 points on Thursday, while shares priced at $0.48 at the close of the session, down -14.27%.
Compared to the average trading volume of 2.48M shares, QRTEA reached a trading volume of 7345375 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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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 $0.64 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. 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 0.04, with the Price to Sales ratio for QRTEA stock in the period of the last 12 months amounting to 0.02. The Price to Book ratio for the last quarter was 0.58, with the Price to Cash per share for the same quarter was set at 2.81. Price to Free Cash Flow for QRTEA in the course of the last twelve months was 0.40 with Quick ratio for the last quarter at 0.90.
How has QRTEA stock performed recently?
Qurate Retail Inc [QRTEA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -10.16. With this latest performance, QRTEA shares dropped by -17.22% in over the last four-week period, additionally sinking by -38.02% over the last 6 months – not to mention a drop of -27.89% 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 33.12, with the RSI for the last a single of trading hit 27.80, and the three-weeks RSI is set at 36.95 for Qurate Retail Inc [QRTEA]. The present Moving Average for the last 50 days of trading for this stock 0.5657, while it was recorded at 0.5368 for the last single week of trading, and 0.7957 for the last 200 days.
Qurate Retail Inc [QRTEA]: Deeper insight into the fundamentals
Qurate Retail Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 1.34.
Earnings analysis for Qurate Retail Inc [QRTEA]
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%.
Insider trade positions for Qurate Retail Inc [QRTEA]
There are presently around $61.85%, or 67.63%% of QRTEA stock, in the hands of institutional investors. The top three institutional holders of QRTEA stocks are: CONTRARIUS INVESTMENT MANAGEMENT LTD with ownership of 35.25 million shares, which is approximately 8.9925%. FPR PARTNERS LLC, holding 29.93 million shares of the stock with an approximate value of $$18.86 million in QRTEA stocks shares; and FPR PARTNERS LLC, currently with $$18.05 million in QRTEA stock with ownership which is approximately 7.3072%.
