In the case of Qurate Retail Inc. (NASDAQ: QRTEA), what’s next?

The closing price of Qurate Retail Inc. (NASDAQ: QRTEA) was $2.23 for the day, down -0.89% from the previous closing price of $2.25. In other words, the price has decreased by -$0.0200 from its previous closing price. On the day, 9078486 shares were traded. QRTEA stock price reached its highest trading level at $2.3250 during the session, while it also had its lowest trading level at $2.2000.

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Our analysis of QRTEA’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.70 and its Current Ratio is at 1.30. In the meantime, Its Debt-to-Equity ratio is 30.52 whereas as Long-Term Debt/Eq ratio is at 27.95.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, BofA Securities on November 04, 2022, Downgraded its rating to Underperform and sets its target price to $1.20 from $4 previously.

On February 28, 2022, BofA Securities Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $11.50 to $6.30.

On April 09, 2021, BofA Securities started tracking the stock assigning a Buy rating and target price of $16.BofA Securities initiated its Buy rating on April 09, 2021, with a $16 target price.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Aug 30 when Wendling Brian J sold 15,732 shares for $3.17 per share. The transaction valued at 49,875 led to the insider holds 59,584 shares of the business.

Wendling Brian J sold 9,268 shares of QRTEA for $29,662 on Aug 29. The CAO/PFO now owns 75,316 shares after completing the transaction at $3.20 per share.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 0.07 while its Price-to-Book (P/B) ratio in mrq is 3.60.

Stock Price History:

Over the past 52 weeks, QRTEA has reached a high of $8.07, while it has fallen to a 52-week low of $1.42. The 50-Day Moving Average of the stock is 1.9332, while the 200-Day Moving Average is calculated to be 2.8305.

Shares Statistics:

QRTEA traded an average of 7.98M shares per day over the past three months and 7.95M shares per day over the past ten days. A total of 381.00M shares are outstanding, with a floating share count of 341.40M. Insiders hold about 0.20% of the company’s shares, while institutions hold 85.90% stake in the company. Shares short for QRTEA as of Oct 13, 2022 were 20.78M with a Short Ratio of 23.60M, compared to 16.29M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 5.44% and a Short% of Float of 7.02%.

Earnings Estimates

The firm’s stock currently is rated by 2 analysts. On average, analysts expect EPS of $0.07 for the current quarter, with a high estimate of $0.12 and a low estimate of $0.01, while EPS last year was $0.3. The consensus estimate for the next quarter is $0.27, with high estimates of $0.29 and low estimates of $0.25.

Analysts are recommending an EPS of between $0.78 and $0.68 for the fiscal current year, implying an average EPS of $0.73. EPS for the following year is $0.91, with 3 analysts recommending between $1.3 and $0.7.

Revenue Estimates

It is expected that $90B in revenue will be generated in the current quarter, according to 1 analysts. It ranges from a high estimate of $2.82B to a low estimate of $2.82B. As of the current estimate, Qurate Retail Inc.’s year-ago sales were $3.14B, an estimated decrease of -10.20% from the year-ago figure. For the next quarter, 1 analysts are estimating revenue of $3.8B, a decrease of -6.50% over than the figure of -$10.20% in the same quarter last year. There is a high estimate of $3.8B for the next quarter, whereas the lowest estimate is $3.8B.

A total of 2 analysts have provided revenue estimates for QRTEA’s current fiscal year. The highest revenue estimate was $12.75B, while the lowest revenue estimate was $12.46B, resulting in an average revenue estimate of $12.6B. In the same quarter a year ago, actual revenue was $14.04B, down -10.30% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $12.52B in the next fiscal year. The high estimate is $12.97B and the low estimate is $12.07B. The average revenue growth estimate for next year is down -0.60% from the average revenue estimate for this year.