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In the latest session, QuidelOrtho Corporation (NASDAQ: QDEL) closed at $41.12 down -1.32% from its previous closing price of $41.67. In other words, the price has decreased by -$1.32 from its previous closing price. On the day, 0.88 million shares were traded. QDEL stock price reached its highest trading level at $41.94 during the session, while it also had its lowest trading level at $40.66.
Ratios:
For a deeper understanding of QuidelOrtho Corporation’s stock, let’s take a closer look at its various ratios. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 2753880320 and an Enterprise Value of 5287780864. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.96 while its Price-to-Book (P/B) ratio in mrq is 0.83. Its current Enterprise Value per Revenue stands at 1.847 whereas that against EBITDA is 8.525.
Stock Price History:
Over the past 52 weeks, QDEL has reached a high of $89.11, while it has fallen to a 52-week low of $37.78. The 50-Day Moving Average of the stock is -3.06%, while the 200-Day Moving Average is calculated to be -31.16%.
Shares Statistics:
For the past three months, QDEL has traded an average of 917.98K shares per day and 638110 over the past ten days. A total of 66.70M shares are outstanding, with a floating share count of 52.03M. Insiders hold about 22.31% of the company’s shares, while institutions hold 78.26% stake in the company. Shares short for QDEL as of 1715731200 were 3295410 with a Short Ratio of 3.59, compared to 1713139200 on 2714240. Therefore, it implies a Short% of Shares Outstanding of 3295410 and a Short% of Float of 7.21.
