In yesterday’s Wall Street session, Qurate Retail Inc. (NASDAQ:QRTEA) shares traded at $0.61, up 2.96% from the previous session.
2 analysts cover Qurate Retail Inc. (NASDAQ:QRTEA), according to research data. The consensus rating among analysts is ‘Underweight’. As we calculate the median target price by taking the range between a high of $0.80 and a low of $0.50, we find $0.65. Given the previous closing price of $0.59, this indicates a potential upside of 10.17 percent. QRTEA stock price is now -30.55% away from the 50-day moving average and -52.75% away from the 200-day moving average. The market capitalization of the company currently stands at $279.73M.
The stock has received a hold rating from 1 analysts and a buy rating from 0. Brokers who have rated the stock have averaged $0.65 as their price target over the next twelve months.
With the price target reduced from $4 to $1.20, BofA Securities Downgraded its rating from Neutral to Underperform for Qurate Retail Inc. (NASDAQ: QRTEA).
In other news, MAFFEI GREGORY B, Chairman of the Board sold 101 shares of the company’s stock on Aug 16. The stock was sold for $3,599 at an average price of $35.63. Upon completion of the transaction, the Chairman of the Board now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 17, President/CEO Rawlinson David sold 89,300 shares of the business’s stock. A total of $82,406 was realized by selling the stock at an average price of $0.92. This leaves the insider owning 372,004 shares of the company worth $0.23 million. Insiders disposed of 199,764 shares of company stock worth roughly $0.12 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in QRTEA stock. A new stake in Qurate Retail Inc. shares was purchased by BRACEBRIDGE CAPITAL, LLC during the first quarter worth $3,063,000. GSA CAPITAL PARTNERS LLP invested $1,112,000 in shares of QRTEA during the first quarter. In the first quarter, SCION ASSET MANAGEMENT, LLC acquired a new stake in Qurate Retail Inc. valued at approximately $909,000. RBF CAPITAL, LLC acquired a new stake in QRTEA for approximately $788,000. AXA S.A. purchased a new stake in QRTEA valued at around $470,000 in the second quarter.
On Tuesday morning Qurate Retail Inc. (NASDAQ: QRTEA) stock kicked off with the opening price of $0.5880. During the past 12 months, Qurate Retail Inc. has had a low of $0.57 and a high of $2.84. As of last week, the company has a debt-to-equity ratio of 11.67, a current ratio of 1.60, and a quick ratio of 1.10. The fifty day moving average price for QRTEA is $0.8626 and a two-hundred day moving average price translates $1.2729 for the stock.
The latest earnings results from Qurate Retail Inc. (NASDAQ: QRTEA) was released for Jun, 2023. According to the Internet Retail Company, earnings per share came in at -$0.03, missing analysts’ expectations of $0.11 by -0.14. This compares to $0.58 EPS in the same period last year. The net profit margin was -23.10% and return on equity was -578.80% for QRTEA. The company reported revenue of $2.65 billion for the quarter, compared to $2.95 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -10.29 percent. For the current quarter, analysts expect QRTEA to generate $2.54B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 11/22/2021. Investors who held shares on 11/15/2021 were paid a $1.25 dividend.
Qurate Retail Inc.(QRTEA) Company Profile
Qurate Retail, Inc., together with its subsidiaries, engages in the video and online commerce industries in North America, Europe, and Asia. The company markets and sells various consumer products primarily through merchandise-focused televised shopping programs, Internet, and mobile applications. It also operates as an online retailer offering women’s, children’s, and men’s apparel; and other products, such as home, accessories, and beauty products through its app, mobile, and desktop applications. The company serves approximately 200 million homes through multiple streaming services, social pages, websites, print catalogs, and in-store destinations.. The company was formerly known as Liberty Interactive Corporation and changed its name to Qurate Retail, Inc. in April 2018. Qurate Retail, Inc. was founded in 1991 and is headquartered in Englewood, Colorado.
