Closing Strong: QuidelOrtho Corporation (QDEL) Ends at 42.68, Down -2.73 from Last Close

Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.

After finishing at $43.88 in the prior trading day, QuidelOrtho Corporation (NASDAQ: QDEL) closed at $42.68, down -2.73%. In other words, the price has decreased by -$2.73 from its previous closing price. On the day, 0.98 million shares were traded. QDEL stock price reached its highest trading level at $43.77 during the session, while it also had its lowest trading level at $42.64.

Ratios:

Our goal is to gain a better understanding of QDEL by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 17.05 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 40.24. For the most recent quarter (mrq), Quick Ratio is recorded 0.88 and its Current Ratio is at 1.57. In the meantime, Its Debt-to-Equity ratio is 0.52 whereas as Long-Term Debt/Eq ratio is at 0.49.

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, UBS on March 04, 2024, Downgraded its rating to Sell and sets its target price to $42 from $70 previously.

On February 14, 2024, JP Morgan Downgraded its rating to Underweight which previously was Neutral and also lowered its target price recommendation from $66 to $37.

Citigroup Downgraded its Buy to Neutral on December 11, 2023, whereas the target price for the stock was revised from $95 to $72.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 23 ’24 when Busky Joseph M bought 2,150 shares for $46.35 per share. The transaction valued at 99,663 led to the insider holds 2,150 shares of the business.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, QDEL now has a Market Capitalization of 2854382848 and an Enterprise Value of 5386855424. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.95 while its Price-to-Book (P/B) ratio in mrq is 0.57. Its current Enterprise Value per Revenue stands at 1.797 whereas that against EBITDA is 7.317.

Stock Price History:

Over the past 52 weeks, QDEL has reached a high of $90.45, while it has fallen to a 52-week low of $37.78. The 50-Day Moving Average of the stock is -2.72%, while the 200-Day Moving Average is calculated to be -33.23%.

Shares Statistics:

The stock has traded on average 1.23M shares per day over the past 3-months and 929820 shares per day over the last 10 days, according to various share statistics. A total of 66.70M shares are outstanding, with a floating share count of 51.96M. Insiders hold about 22.27% of the company’s shares, while institutions hold 79.69% stake in the company. Shares short for QDEL as of 1713139200 were 2714240 with a Short Ratio of 2.21, compared to 1710460800 on 2442972. Therefore, it implies a Short% of Shares Outstanding of 2714240 and a Short% of Float of 5.9499998.

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