Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
The closing price of QuidelOrtho Corporation (NASDAQ: QDEL) was $28.7 for the day, up 2.10% from the previous closing price of $28.11. In other words, the price has increased by $2.10 from its previous closing price. On the day, 1.29 million shares were traded. QDEL stock price reached its highest trading level at $28.74 during the session, while it also had its lowest trading level at $27.915.
Ratios:
Our analysis of QDEL’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.66 and its Current Ratio is at 1.20. In the meantime, Its Debt-to-Equity ratio is 0.90 whereas as Long-Term Debt/Eq ratio is at 0.76.
On December 11, 2024, Citigroup Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $44 to $50.
On December 10, 2024, Jefferies started tracking the stock assigning a Hold rating and target price of $43.Jefferies initiated its Hold rating on December 10, 2024, with a $43 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 Jan 06 ’25 when The Bujarski 2007 Trust U/A Dt bought 100,200 shares for $47.50 per share.
Blaser Brian J. bought 6,033 shares of QDEL for $249,878 on Dec 11 ’24. The President and CEO now owns 6,033 shares after completing the transaction at $41.42 per share. On Dec 09 ’24, another insider, Robert Bujarski, who serves as the Former COO of the company, bought 20,000 shares for $40.40 each.
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 1940863488 and an Enterprise Value of 4510762496. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.70 while its Price-to-Book (P/B) ratio in mrq is 0.65. Its current Enterprise Value per Revenue stands at 1.632 whereas that against EBITDA is 8.045.
Stock Price History:
The Beta on a monthly basis for QDEL is 0.08, which has changed by -0.13606262 over the last 52 weeks, in comparison to a change of 0.12463009 over the same period for the S&P500. Over the past 52 weeks, QDEL has reached a high of $49.45, while it has fallen to a 52-week low of $23.77. The 50-Day Moving Average of the stock is -3.18%, while the 200-Day Moving Average is calculated to be -24.11%.
Shares Statistics:
QDEL traded an average of 1.49M shares per day over the past three months and 1113130 shares per day over the past ten days. A total of 67.50M shares are outstanding, with a floating share count of 66.58M. Insiders hold about 1.54% of the company’s shares, while institutions hold 111.89% stake in the company. Shares short for QDEL as of 1749772800 were 4065000 with a Short Ratio of 2.73, compared to 1747267200 on 4233388. Therefore, it implies a Short% of Shares Outstanding of 4065000 and a Short% of Float of 10.01.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
Earnings Estimates
A comprehensive evaluation of QuidelOrtho Corporation (QDEL) is underway, with the input of 6.0 analysts contributing to its current rating.The consensus estimate for the next quarter is $0.7, with high estimates of $0.76 and low estimates of $0.57.
Analysts are recommending an EPS of between $2.49 and $2.27 for the fiscal current year, implying an average EPS of $2.39. EPS for the following year is $3.22, with 7.0 analysts recommending between $3.33 and $2.95.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 7 analysts. It ranges from a high estimate of $613.7M to a low estimate of $604.56M. As of the current estimate, QuidelOrtho Corporation’s year-ago sales were $637MFor the next quarter, 7 analysts are estimating revenue of $693.74M. There is a high estimate of $703.8M for the next quarter, whereas the lowest estimate is $677.83M.
A total of 7 analysts have provided revenue estimates for QDEL’s current fiscal year. The highest revenue estimate was $2.74B, while the lowest revenue estimate was $2.7B, resulting in an average revenue estimate of $2.72B. In the same quarter a year ago, actual revenue was $2.78BBased on 8 analysts’ estimates, the company’s revenue will be $2.83B in the next fiscal year. The high estimate is $2.88B and the low estimate is $2.79B.
