Stocks of Qurate Retail Inc (NASDAQ:QRTEA) traded higher last session on Wall Street, down -4.49% to $0.63.
According to the data, Qurate Retail Inc (NASDAQ:QRTEA) has 2 analysts covering its stock. The consensus rating among analysts is ‘Underweight’. As we calculate the median target price by taking the range between a high of $0.60 and a low of $0.50, we find $0.55. Given the previous closing price of $0.66, this indicates a potential downside of -16.67 percent. QRTEA stock price is now 13.40% away from the 50-day moving average and -35.27% away from the 200-day moving average. The market capitalization of the company currently stands at $245.32M.
A total of 1 analysts have issued a hold rating and 0 have given it a buy rating. Brokers who have rated the stock have averaged $0.55 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, ROMRELL LARRY E, Director sold 1,204 shares of the company’s stock on Nov 08. The stock was sold for $34,383 at an average price of $28.56. Upon completion of the transaction, the Director 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 Sep 20, CAO/PFO Wendling Brian J sold 26,231 shares of the business’s stock. A total of $16,526 was realized by selling the stock at an average price of $0.63. This leaves the insider owning 40,000 shares of the company worth $25200.0. Insiders disposed of 225,995 shares of company stock worth roughly $0.14 million over the past 1 year. A total of 10.31% of the company’s stock is owned by insiders.
Friday’s opening bell rang with an opening price of $0.6700 for Qurate Retail Inc (NASDAQ: QRTEA). 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 $0.5562 and a two-hundred day moving average price translates $0.9629 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 $0.1, beating analysts’ expectations of $0.04 by 0.06. This compares to -$7.16 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 $2.48 billion for the quarter, compared to $2.74 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -9.66 percent. For the current quarter, analysts expect QRTEA to generate $3.27B 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.