The price of Qurate Retail Inc (NASDAQ:QRTEA) shares last traded on Wall Street rose 18.47% to $0.91.
Based on available information, 1 analysts follow Qurate Retail Inc (NASDAQ:QRTEA). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $0.60 and a low of $0.60, we find $0.60. Given the previous closing price of $0.77, this indicates a potential downside of -22.08 percent. QRTEA stock price is now 57.26% away from the 50-day moving average and 2.11% away from the 200-day moving average. The market capitalization of the company currently stands at $356.15M.
Among analysts, 1 rate the stock a hold while 0 rate it a buy. Brokers who have rated the stock have averaged $0.60 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, Wendling Brian J, CAO/PFO sold 20,000 shares of the company’s stock on Nov 27. The stock was sold for $17,852 at an average price of $0.89. Upon completion of the transaction, the CAO/PFO now directly owns 20,000 shares in the company, valued at $18200.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 08, Director ROMRELL LARRY E sold 1,204 shares of the business’s stock. A total of $34,383 was realized by selling the stock at an average price of $28.56. Insiders disposed of 225,995 shares of company stock worth roughly $0.21 million over the past 1 year. A total of 10.31% of the company’s stock is owned by insiders.
A candlestick chart of Qurate Retail Inc (NASDAQ: QRTEA) showed a price of $0.8030 on Friday morning. 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 $0.5888 and a two-hundred day moving average price translates $0.8885 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.
