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The closing price of QuidelOrtho Corporation (NASDAQ: QDEL) was $44.85 for the day, up 1.65% from the previous closing price of $44.12. In other words, the price has increased by $1.65 from its previous closing price. On the day, 0.96 million shares were traded. QDEL stock price reached its highest trading level at $45.08 during the session, while it also had its lowest trading level at $43.34.
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 0.79 and its Current Ratio is at 1.44. In the meantime, Its Debt-to-Equity ratio is 0.87 whereas as Long-Term Debt/Eq ratio is at 0.75.
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, Craig Hallum on September 05, 2024, Upgraded its rating to Buy and sets its target price to $57 from $40 previously.
On March 04, 2024, UBS Downgraded its rating to Sell which previously was Neutral and also lowered its target price recommendation from $70 to $42.
JP Morgan Downgraded its Neutral to Underweight on February 14, 2024, whereas the target price for the stock was revised from $66 to $37.
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 09 ’24 when Carlyle Group Inc. sold 74,134 shares for $41.53 per share. The transaction valued at 3,078,980 led to the insider holds 8,260,183 shares of the business.
Carlyle Group Inc. sold 106,705 shares of QDEL for $4,382,446 on Aug 08 ’24. The 10% Owner now owns 8,334,317 shares after completing the transaction at $41.07 per share. On Aug 07 ’24, another insider, Carlyle Group Inc., who serves as the 10% Owner of the company, sold 78,180 shares for $39.94 each. As a result, the insider received 3,122,840 and left with 8,441,022 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 3015507712 and an Enterprise Value of 5679107584. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.07 while its Price-to-Book (P/B) ratio in mrq is 0.95. Its current Enterprise Value per Revenue stands at 2.003 whereas that against EBITDA is 9.631.
Stock Price History:
Over the past 52 weeks, QDEL has reached a high of $77.44, while it has fallen to a 52-week low of $29.74. The 50-Day Moving Average of the stock is 14.71%, while the 200-Day Moving Average is calculated to be -9.54%.
Shares Statistics:
QDEL traded an average of 1.18M shares per day over the past three months and 766840 shares per day over the past ten days. A total of 66.70M shares are outstanding, with a floating share count of 57.96M. Insiders hold about 13.79% of the company’s shares, while institutions hold 84.87% stake in the company. Shares short for QDEL as of 1723680000 were 3974334 with a Short Ratio of 3.36, compared to 1721001600 on 3743581. Therefore, it implies a Short% of Shares Outstanding of 3974334 and a Short% of Float of 8.649999999999999.
