Can Qurate Retail Inc (QRTEA) stock recover despite sales dropping?

In yesterday’s Wall Street session, Qurate Retail Inc (NASDAQ:QRTEA) shares traded at $0.68, up 57.33% from the previous session.

2 analysts cover Qurate Retail Inc (NASDAQ:QRTEA), according to research data. The consensus rating among analysts is ‘Underweight’. QRTEA stock price is now 18.26% away from the 50-day moving average and -36.04% away from the 200-day moving average. The market capitalization of the company currently stands at $263.21M.

The stock has received a hold rating from 1 analysts and a buy rating from 0.

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, Wendling Brian J, CAO/PFO sold 26,231 shares of the company’s stock on Sep 20. The stock was sold for $16,526 at an average price of $0.63. Upon completion of the transaction, the CAO/PFO now directly owns 40,000 shares in the company, valued at $27200.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 16, Chairman of the Board MAFFEI GREGORY B sold 101 shares of the business’s stock. A total of $3,599 was realized by selling the stock at an average price of $35.63. Insiders disposed of 199,764 shares of company stock worth roughly $0.14 million over the past 1 year. A total of 10.42% of the company’s stock is owned by insiders.

On Friday morning Qurate Retail Inc (NASDAQ: QRTEA) stock kicked off with the opening price of $0.5282. During the past 12 months, Qurate Retail Inc has had a low of $0.40 and a high of $2.84. As of last week, the company has a debt-to-equity ratio of 12.50, a current ratio of 1.42, and a quick ratio of 0.92. The fifty day moving average price for QRTEA is $0.5722 and a two-hundred day moving average price translates $1.0526 for the stock.

The latest earnings results from Qurate Retail Inc (NASDAQ: QRTEA) was released for Sep, 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 0.68% and return on equity was 18.67% 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.

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.

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