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QuidelOrtho Corporation (NASDAQ: QDEL) closed the day trading at $37.60 down -5.62% from the previous closing price of $39.84. In other words, the price has decreased by -$5.62 from its previous closing price. On the day, 1.14 million shares were traded. QDEL stock price reached its highest trading level at $39.95 during the session, while it also had its lowest trading level at $37.31.
Ratios:
For a better understanding of QDEL, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.81 and its Current Ratio is at 1.38. In the meantime, Its Debt-to-Equity ratio is 0.86 whereas as Long-Term Debt/Eq ratio is at 0.74.
On September 05, 2024, Craig Hallum Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $40 to $57.
UBS Downgraded its Neutral to Sell on March 04, 2024, whereas the target price for the stock was revised from $70 to $42.
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 Nov 21 ’24 when Carlyle Group Inc. sold 8,260,183 shares for $35.31 per share. The transaction valued at 291,700,102 led to the insider holds 0 shares of the business.
Carlyle Group Inc. sold 74,134 shares of QDEL for $3,078,980 on Aug 09 ’24. The 10% Owner now owns 8,260,183 shares after completing the transaction at $41.53 per share. On Aug 08 ’24, another insider, Carlyle Group Inc., who serves as the 10% Owner of the company, sold 106,705 shares for $41.07 each. As a result, the insider received 4,382,446 and left with 8,334,317 shares of the company.
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 2679507712 and an Enterprise Value of 5162652672. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.90 while its Price-to-Book (P/B) ratio in mrq is 0.79. Its current Enterprise Value per Revenue stands at 1.832 whereas that against EBITDA is 8.802.
Stock Price History:
Over the past 52 weeks, QDEL has reached a high of $75.86, while it has fallen to a 52-week low of $29.74. The 50-Day Moving Average of the stock is -7.30%, while the 200-Day Moving Average is calculated to be -9.06%.
Shares Statistics:
Over the past 3-months, QDEL traded about 830.61K shares per day on average, while over the past 10 days, QDEL traded about 1528500 shares per day. A total of 67.20M shares are outstanding, with a floating share count of 66.27M. Insiders hold about 1.46% of the company’s shares, while institutions hold 95.75% stake in the company. Shares short for QDEL as of 1731628800 were 3830317 with a Short Ratio of 4.61, compared to 1728950400 on 4232986. Therefore, it implies a Short% of Shares Outstanding of 3830317 and a Short% of Float of 8.33.
