QuidelOrtho Corporation (NASDAQ:QDEL) shares, rose in value on Thursday, May 08, with the stock price up by 41.04% to the previous day’s close as strong demand from buyers drove the stock to $36.46.
Actively observing the price movement in the last trading, the stock closed the session at $25.85. Referring to stock’s 52-week performance, its high was $49.45, and the low was $23.77. On the whole, QDEL has fluctuated by 39.16% over the past month.
With the market capitalization of QuidelOrtho Corporation currently standing at about $2.46 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that QDEL’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of QDEL currently trading nearly 33.43% and 13.12% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 66.70, while the 7-day volatility ratio is showing 10.70% which for the 30-day chart, stands at 7.11%. Furthermore, QuidelOrtho Corporation (QDEL)’s beta value is 0.05, and its average true range (ATR) is 2.38.
A comparison of QuidelOrtho Corporation (QDEL) with its peers suggests the former has fared considerably weaker in the market. QDEL showed an intraday change of 41.04% in last session, and over the past year, it shrunk by -16.01%%.
Data on historical trading for QuidelOrtho Corporation (NASDAQ:QDEL) indicates that the trading volumes over the past 3 months, they’ve averaged 1.25 million. According to company’s latest data on outstanding shares, there are 67.45 million shares outstanding.
Nearly 1.99% of QuidelOrtho Corporation’s shares belong to company insiders and institutional investors own 109.18% of the company’s shares. The stock has fallen by -18.16% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the QDEL stock heading into the next quarter.
