Qurate Retail Inc (NASDAQ:QRTEA) shares, rose in value, with the stock price up by 0.91% to the previous day’s close as strong demand from buyers drove the stock to $1.11.
Actively observing the price movement in the last trading, the stock closed the session at $1.10. The value of beta (5-year monthly) was 2.64. Referring to stock’s 52-week performance, its high was $1.80, and the low was $0.40. On the whole, QRTEA has fluctuated by -9.76% over the past month.
With the market capitalization of Qurate Retail Inc currently standing at about $434.84 million, investors are eagerly awaiting this quarter’s results, scheduled for May 03, 2024 – May 07, 2024.
Analysts have estimated the company’s revenue for the quarter at $3.14 billion, with a low estimate of $3.12 billion and a high estimate of $3.12 billion. According to the average forecast, sales growth in current quarter could jump down -10.90%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2024, the company’s y-o-y revenues would reach $10.91 billion, representing a decrease of -9.80% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that QRTEA’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of QRTEA currently trading nearly -7.33% and 0.53% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 44.84, while the 7-day volatility ratio is showing 6.12% which for the 30-day chart, stands at 7.01%. Furthermore, Qurate Retail Inc (QRTEA)’s beta value is 2.77, and its average true range (ATR) is 0.09.
A comparison of Qurate Retail Inc (QRTEA) with its peers suggests the former has fared considerably weaker in the market. QRTEA showed an intraday change of 0.91% in last session, and over the past year, it grew by 12.56%%.
Data on historical trading for Qurate Retail Inc (NASDAQ:QRTEA) indicates that the trading volumes over the past 10 days have averaged 2.26 million and over the past 3 months, they’ve averaged 2.87 million. According to company’s latest data on outstanding shares, there are 383.05 million shares outstanding.
Nearly 10.64% of Qurate Retail Inc’s shares belong to company insiders and institutional investors own 64.30% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 5.61 million shares as on Mar 15, 2024, resulting in a short ratio of 1.34. According to the data, the short interest in Qurate Retail Inc (QRTEA) stood at 1.43% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 6.21 million. The stock has risen by 26.78% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the QRTEA stock heading into the next quarter.
