QuidelOrtho Corporation [NASDAQ: QDEL] slipped around -1.43 points on Monday, while shares priced at $27.69 at the close of the session, down -4.91%.
Compared to the average trading volume of 1.16M shares, QDEL reached a trading volume of 2032598 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say 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 $49.75 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 2.10. 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.
Citigroup have made an estimate for QuidelOrtho Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 11, 2024. While these analysts kept the previous recommendation, Jefferies raised their target price to Hold. The new note on the price target was released on December 10, 2024, representing the official price target for QuidelOrtho Corporation stock. Previously, the target price had yet another raise from $42 to $50, while UBS kept a Neutral rating on QDEL stock. On September 05, 2024, analysts increased their price target for QDEL shares from 40 to 57.
The Average True Range (ATR) for QuidelOrtho Corporation is set at 1.68, with the Price to Sales ratio for QDEL stock in the period of the last 12 months amounting to 0.67. The Price to Book ratio for the last quarter was 0.62, with the Price to Cash per share for the same quarter was set at 1.46.
How has QDEL stock performed recently?
QuidelOrtho Corporation [QDEL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.39. With this latest performance, QDEL shares dropped by -14.77% in over the last four-week period, additionally sinking by -28.98% over the last 6 months – not to mention a drop of -30.22% 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 43.52, with the RSI for the last a single of trading hit 46.81, and the three-weeks RSI is set at 41.46 for QuidelOrtho Corporation [QDEL]. The present Moving Average for the last 50 days of trading for this stock 32.95, while it was recorded at 28.21 for the last single week of trading, and 39.73 for the last 200 days.
QuidelOrtho Corporation [QDEL]: Deeper insight into the fundamentals
QuidelOrtho Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.69 and a Current Ratio set at 1.22.
Earnings analysis for QuidelOrtho Corporation [QDEL]
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 32.82%.
Insider trade positions for QuidelOrtho Corporation [QDEL]
There are presently around $110.23%, or 111.10%% of QDEL stock, in the hands of institutional investors. The top three institutional holders of QDEL stocks are: CARLYLE GROUP INC. with ownership of 11.52 million shares, which is approximately 17.1695%. T. ROWE PRICE INVESTMENT MANAGEMENT, INC., holding 9.49 million shares of the stock with an approximate value of $$315.42 million in QDEL stocks shares; and T. ROWE PRICE INVESTMENT MANAGEMENT, INC., currently with $$162.58 million in QDEL stock with ownership which is approximately 7.2935%.
