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The price of QuidelOrtho Corporation (NASDAQ: QDEL) closed at $39.29 in the last session, down -1.23% from day before closing price of $39.78. In other words, the price has decreased by -$1.23 from its previous closing price. On the day, 1.93 million shares were traded. QDEL stock price reached its highest trading level at $39.825 during the session, while it also had its lowest trading level at $38.25.
Ratios:
We take a closer look at QDEL’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.81 and its Current Ratio is at 1.55. In the meantime, Its Debt-to-Equity ratio is 0.79 whereas as Long-Term Debt/Eq ratio is at 0.73.
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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jul 29 ’24 when Carlyle Group Inc. sold 158,090 shares for $38.85 per share. The transaction valued at 6,142,230 led to the insider holds 9,444,215 shares of the business.
Carlyle Group Inc. sold 103,926 shares of QDEL for $4,058,307 on Jul 26 ’24. The 10% Owner now owns 9,602,305 shares after completing the transaction at $39.05 per share. On Jul 25 ’24, another insider, Carlyle Group Inc., who serves as the 10% Owner of the company, sold 406,809 shares for $38.58 each. As a result, the insider received 15,696,721 and left with 9,706,231 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 2631322112 and an Enterprise Value of 5198039040. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.92 while its Price-to-Book (P/B) ratio in mrq is 0.79. Its current Enterprise Value per Revenue stands at 1.816 whereas that against EBITDA is 8.38.
Stock Price History:
Over the past 52 weeks, QDEL has reached a high of $88.14, while it has fallen to a 52-week low of $29.74. The 50-Day Moving Average of the stock is 5.37%, while the 200-Day Moving Average is calculated to be -25.39%.
Shares Statistics:
According to the various share statistics, QDEL traded on average about 1.18M shares per day over the past 3-months and 2433680 shares per day over the past 10 days. A total of 66.70M shares are outstanding, with a floating share count of 54.19M. Insiders hold about 19.09% of the company’s shares, while institutions hold 77.52% stake in the company. Shares short for QDEL as of 1721001600 were 3743581 with a Short Ratio of 3.17, compared to 1718323200 on 2959257. Therefore, it implies a Short% of Shares Outstanding of 3743581 and a Short% of Float of 8.189999.
