Qurate Retail Inc (NASDAQ:QRTEA) shares, rose in value, with the stock price down by -1.76% to the previous day’s close as strong demand from buyers drove the stock to $0.98.
Actively observing the price movement in the last trading, the stock closed the session at $1.00. 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 -12.54% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 10.91B, with a low estimate of 3.12B and a high estimate of 3.12B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 3.14B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that QRTEA’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of QRTEA currently trading nearly -7.17% and -15.20% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 40.20, while the 7-day volatility ratio is showing 7.20% which for the 30-day chart, stands at 7.08%. Furthermore, Qurate Retail Inc (QRTEA)’s beta value is 2.78, and its average true range (ATR) is 0.08.
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 -1.76% in last session, and over the past year, it grew by 40.23%%.
Data on historical trading for Qurate Retail Inc (NASDAQ:QRTEA) indicates that the trading volumes over the past 3 months, they’ve averaged 3.00 million. According to company’s latest data on outstanding shares, there are 383.05 million shares outstanding.
Nearly 10.58% of Qurate Retail Inc’s shares belong to company insiders and institutional investors own 64.07% of the company’s shares. The stock has risen by 11.88% 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.
